— Term & Health Insurance
Insurance Should Protect The Plan Before Life Tests It.
A hospital bill can interrupt your savings.
The loss of an income can interrupt much more.
Insurance works better when every policy has a clear purpose before comparing premiums.
— TERM INSURANCE
Insurance Should Protect The Plan Before Life Tests It.
A hospital bill can interrupt your savings.
The loss of an income can interrupt much more.
Insurance works better when every policy has a clear purpose before comparing premiums.
Why Does Protection Planning Matter?
The same family can have different protection needs, from income protection and healthcare to future responsibilities. Each requires a different approach.
Term Insurance and Health Insurance should be chosen based on what needs protection and the risks involved, rather than premium alone.
- — Protect the income your family depends on
- — Match the insurance cover with your responsibilities
- — Choose policies based on protection needs.
- — Understand what your policy covers and what it does not
- — Build a protection plan with clear policy roles.
WHAT ARE YOU ACTUALLY TRYING TO PROTECT?
01
Protect Your Income
If your family depends on your income, the next step is understanding how much protection is needed to support future responsibilities, expenses and commitments.
02
Prepare For Healthcare Needs
Medical expenses can arrive unexpectedly. Health insurance helps create financial support so savings and investments are not the only source during a medical event.
03
Review What You Already Have
Sometimes the next step is not buying another policy. It is understanding your existing cover and whether it matches your current responsibilities.
04
Protect The Longer Term
Life changes over time. Your insurance should be reviewed as responsibilities, family needs and financial goals evolve.
05
Understand The Policy Details
Before choosing a policy, understand coverage, exclusions, waiting periods, claim conditions and other important features that define your protection.
BEFORE CHOOSING A POLICY, ASK THESE QUESTIONS
Insurance decisions become clearer when you understand what you need to protect before comparing different options.
1. What Does This Cover Protect?
Understand whether the policy is designed to protect income, healthcare expenses or specific family responsibilities.
2. What Does It Include And Exclude?
Look beyond the premium and understand coverage, exclusions, waiting periods and important policy conditions.
3. When Will I Need This Protection?
Your insurance needs can change with life stages, family responsibilities and future financial commitments.
4. Can My Cover Change Later?
Review whether your insurance can adapt with changing needs, responsibilities and future requirements.
HOW WE HELP KEEP INSURANCE SIMPLE
Understand
We begin by understanding your family, income, responsibilities, existing policies and protection requirements.
Organise
We support the insurance process, documentation and ongoing policy servicing requirements.
Facilitate & Review
We help evaluate relevant policy features beyond premium, including coverage, conditions and suitability.
Policy count is not protection clarity. Know why each cover is there.
Fewer Random Additions.
More Clarity About Your Protection.
An insurance journey does not have to revolve around buying more policies. Sometimes the more useful step is understanding whether your existing protection matches your family’s needs and responsibilities.
Hexo Wealth Associates LLP
Insurance Advisor Thane West
FREQUENTLY ASKED QUESTIONS
A more useful starting point is understanding who depends financially on you, your outstanding liabilities, ongoing household expenses, future responsibilities, existing life insurance and assets that may already be available to the family.
It can be useful to understand who is covered, waiting periods, co-payments, deductibles, room-related conditions, exclusions, network arrangements, renewal terms and other applicable policy conditions.
A Term Insurance Calculator can give an indicative starting number based on assumptions entered.
But an individual's requirement can also depend on income, financial dependants, outstanding liabilities, future family expenses, existing insurance and assets already available.
For salaried individuals, the salary may support much more than monthly household expenses.
Home-loan EMIs, children's future requirements, parents, everyday family expenses and other commitments may all depend on that income.
While considering Term Insurance for Salaried Professionals, the useful question is therefore: If your income stopped permanently, would your existing insurance and savings cover your family’s expenses, loans and future needs?
The underlying purpose of personal term insurance remains life protection, but the financial circumstances of a business owner can be different.
Income may fluctuate, the family may depend heavily on the business, and personal or business-linked financial obligations may need to be understood separately.
Family Health Insurance is a broad description of health cover intended for members of a family.
Under Family Floater Health Insurance, one common sum insured is shared among the covered family members. IRDAI describes a family floater as a policy where the insured family members share a single sum-insured limit that may be used by one or more members.
For older family members, premium should not be the only comparison point.
While reviewing Health Insurance for Parents or Senior Citizen Health Insurance, look carefully at sum insured, existing medical conditions, co-payment, deductibles, waiting periods, room-related conditions, exclusions and other policy-specific requirements.
A Health Insurance Waiting Period is a period specified in the policy during which certain conditions, diseases, treatments or situations are not covered.
Under IRDAI's current framework, waiting periods including those for disclosed pre-existing diseases can be up to 36 months of continuous coverage, although insurers may offer shorter periods.