The Right Cover for the Wrong Time

One of the most succinct proverbs on the significance of time and life has been the myth of Noah from the Bible. “Always plan ahead. It wasn’t raining when Noah built the Ark.” The adage has its own inherent wit but it became the wisdom in the reign of the pandemic. Health cover could never be so precious unless Covid had uncovered its true value to the world. As people rush for cover, it becomes crucial for them to find out which insurance product would be the best fit for them and, more than knowing what it covers, one needs to know what it doesn’t.  “Covid has drawn every individual to realise the uncertainty of life in the hardest way,” says Bikash Choudhary, the appointed actuary and Chief Risk Officer at Future Generali India Life Insurance. The number of health insurance policies bought in the last one year has gone up since the outbreak...