How can I revive my old health policy?
—Name withheld on request A health insurance policy will lapse if it isn’t renewed even after the grace period of 30 days. In case you haven’t renewed your existing family floater plan, you will have to purchase a fresh health insurance policy. Many options are available in the market that are customizable to your family and individual needs.
Do note that a fresh health insurance policy comes with initial waiting periods and additional ones in case of any pre-existing disease. Additionally, if the insurer requires, they may suggest one to undergo medical screening depending on the type of policy chosen. —Name withheld on request A family floater plan provided by many insurers in the market, covers a dependent child only till the age of 25.
Your family can enjoy the benefits gathered over the last 12 years till your daughter attains the age of 25. A unique aspect to consider here would be your daughter getting married. There are two aspects to consider in this situation.
If you daughter is financially independent, she can voluntarily exit and port her policy to an independent health insurance policy. On porting, she will be offered the continuity benefit. The other aspect is to be added into the existing health insurance plan held by the spouse.
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