A wealth advisor has shared an unusual health insurance and savings strategy used by a Marwadi joint family. According to the post, a grandfather manages health cover for 18 family members for about ₹7,000 a year, with each member reportedly covered for up to ₹1 crore through super top-up insurance.
The family structure described in the post includes the grandparents, four sons, their four wives and eight children. Instead of purchasing separate conventional health insurance policies with relatively low coverage, the grandfather reportedly combines high-deductible insurance with a family-managed emergency fund.
