Changes to Make in Your Health Insurance Policy After Marriage

Marriage is a life-changing milestone that brings joy, companionship, and new responsibilities. Among these responsibilities is ensuring the financial and healthcare security of your partner and, eventually, your family. If you are newly married, updating your health insurance policy is a crucial step that should not be overlooked. Did you know you can access health insurance coverage of up to Rs. 10 lakh starting at just Rs. 9.3 per day*?

This guide will walk you through the key changes to make in your health insurance policy after marriage and how Bajaj Finserv app facilitates access to plans tailored for couples and families.

Why should you update your health insurance after marriage?

Marriage introduces a shared financial journey, and health insurance becomes an essential safety net for your family’s well-being. Think of health insurance as a long-term investment that safeguards your family from unexpected medical expenses while offering peace of mind.

Here are some reasons why you should update your health insurance policy after marriage:

• New financial and healthcare responsibilities: Marriage often brings increased financial commitments, including healthcare needs for your spouse and potential dependents. Updating your policy ensures comprehensive coverage for both partners.
• Cost efficiency: Instead of maintaining separate individual health insurance plans, you can switch to a family floater plan. This is a cost-effective option that offers shared coverage for all family members under a single premium.
• Tax benefits: By updating your health insurance plan, you can avail of tax savings under Section 80D of the Income Tax Act. This provision allows you to claim deductions on premiums paid for yourself, your spouse, and other dependents.
• Enhanced coverage: Married couples can benefit from features like maternity coverage, pre- and post-hospitalization expenses, and cashless treatments, ensuring financial security during medical emergencies.

Updating your health insurance after marriage is not just a necessity but also a smart financial decision that ensures mutual security and optimised healthcare spending.

One of the first steps after marriage is to include your spouse in your health insurance policy. This process is straightforward and comes with multiple benefits.

Steps to add your spouse to your health insurance policy:

• Contact your insurer: Notify your insurance provider about your marriage and your intention to add your spouse to the policy.
• Upgrade to a family floater plan: If you have an individual plan, consider switching to a family floater plan for better value and shared coverage.
• Submit required documents: Typically, you will need to provide a copy of your marriage certificate, updated KYC documents, and any other forms requested by the insurer.
• Review the updated policy: Once your spouse is added, review the policy terms, coverage limits, and exclusions to ensure it meets your family’s needs.

Benefits of adding your spouse:

• Cashless Treatments: Enjoy cashless hospitalisation at network hospitals, reducing out-of-pocket expenses during emergencies.
• Comprehensive Coverage: Covers pre- and post-hospitalisation costs, daycare procedures, and ambulance charges.
• Streamlined Claims Process: Family health plans simplify claim settlements, ensuring a hassle-free experience.

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Selecting the right health insurance plan after marriage requires careful consideration of your current and future healthcare needs.

Options to consider:

• Individual plans vs. family floater plans:
  • Individual Plans: Suitable for couples who prefer separate coverage. However, these can be costlier if both partners require high coverage.
  • Family Floater Plans: Ideal for couples and families, as the sum insured is shared among all members. This option is more economical and offers better value in the long run.
• Critical illness policies: These plans provide a lump sum payout in case of critical illnesses like cancer, heart attack, or kidney failure. They are highly recommended for couples with a family history of such conditions.

• Senior citizen coverage for in-laws: If you plan to include your parents or in-laws in the policy, opt for senior citizen plans that cater to their specific healthcare needs.

  
  

Practical advice:

• If you are planning to start a family soon, opt for a family floater plan that includes maternity benefits.
• Compare the sum insured, premium costs, and network hospitals before finalising a plan.

 Check premium for health insurance plans designed for married couples today

If you are planning to start a family, maternity insurance is a critical addition to your health insurance plan. These plans help manage prenatal and postnatal expenses, ensuring financial stability during this important phase.

Key benefits of maternity insurance:

• Coverage for Prenatal and Postnatal Care: Includes doctor consultations, diagnostic tests, and post-delivery care.
• Daycare Procedures: Covers treatments and procedures that do not require overnight hospitalisation.
• Ambulance Services: Ensures timely transportation during emergencies.
• Affordable Premiums: Plans start at just Rs. 9.3 per day, making them accessible for young couples.
• Tax Savings: Premiums paid for maternity insurance are eligible for tax deductions under Section 80D.

By opting for maternity coverage, you can focus on the joy of starting a family without worrying about financial burdens.

Documents required to update your health insurance policy after marriage

Updating your health insurance policy after marriage is a simple process, provided you have the necessary documents ready.

Step-by-step guide:

• Gather required documents:
  • Marriage certificate
  • Updated KYC documents (e.g., Aadhaar card, PAN card)
  • Existing health insurance policy details
• Contact your insurer: Inform them about your marital status change and request the necessary forms.
• Submit documents: Provide the required documents to your insurer either online or offline.
• Review the updated policy: Once the changes are processed, carefully review the terms and conditions of the updated policy.

Check if you qualify for a family plan with hassle-free digital application. 
 

Conclusion

Marriage is a new chapter in life that brings shared responsibilities, including financial and healthcare planning. Updating your health insurance policy is a crucial step to ensure comprehensive coverage for your spouse and future family. From adding your spouse to your policy to opting for maternity benefits, the right health insurance plan can safeguard your family’s well-being and provide financial peace of mind.

Take charge of your family’s future today! Compare plans through Bajaj Finserv app and access tailored health insurance options for married couples and families.