ManipalCigna advises households to conduct regular evaluations of their medical insurance policy protection levels

ManipalCigna issued a public advisory urging families to conduct regular reviews of their health insurance coverage to match escalating medical costs. The recommendation highlights how healthcare inflation outpaces general consumer price inflation, rendering historical policy sums insured inadequate. Households must evaluate whether their current medical indemnity limits sufficiently protect against catastrophic hospitalisation expenses.

The underlying financial mechanism dictates that stagnant health cover exposes families to significant out-of-pocket expenses during medical emergencies, eroding personal savings. As medical treatments, room rents, and pharmaceutical costs escalate annually, policyholders face underinsurance risks if riders and base sums are not periodically upgraded. Insurers advocate for timely top-up plans, family floaters, and critical illness riders to bridge protection gaps.

Financial planners and tax advisors must include comprehensive health cover audits in annual client review meetings. Policyholders should check sub-limits, co-payment clauses, and total sum insured figures against current hospital cost benchmarks in their city. Bottom line: regular health insurance reviews protect household wealth from being depleted by unindexed medical inflation.