Starting a New Job? Check These Insurance Details First
Group insurance benefits vary a lot between employers — here's what to actually check before assuming you're covered.
A new job usually means new (and different) group insurance benefits, and a gap between when your old employer's cover ends and your new one begins — both worth actively managing rather than assuming will sort itself out.
Questions to ask your new employer's HR
- What is the sum insured for the group health policy, and does it include family members?
- Is there a waiting period for pre-existing conditions under the new group policy?
- Is group term life insurance included, and what's the sum assured?
- Is there a gap between my last day at the old job and when new cover starts, and how do I bridge it?
Don't let this replace your personal cover
It's tempting to let personal health and term insurance lapse when a new, seemingly generous employer policy starts. This is risky — group cover is tied to your employment and can change or disappear with your next job change, layoff, or a change in company policy. Keep your personal policies active regardless of what your employer offers.
Frequently asked questions
Most advisors recommend keeping your personal policy active even if you pause claiming against it, specifically because employer cover isn't guaranteed to continue and doesn't preserve your waiting period credit and no-claim bonus the way continuous personal cover does.
Often yes, especially if there's a gap between your last working day and your new joining date — it's worth confirming exact dates with both HR teams and relying on your personal policy to bridge any gap.
You may also find these useful
Not sure this applies to your situation?
Send us the details on WhatsApp and we'll help you work out what actually matters for you.