It’s always better to have an individual health insurance plan even if you are covered under group insurance. This is because retail health is renewable for life; even if the insurer decides to discontinue the policy it has to mandatorily port you to another. On the other hand, in group health insurance, once the relationship with the group ends—like when you quit your job—so does your health insurance cover.
I have Rs 12 lakh in surplus. Should I prepay my home loan or invest for monthly income of Rs 25-30k?
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