50 Lakh Cover for Rs 7,123/-. Too good to be true ?

[NAB]

I also got the same through my RM, I really hope never to be in a situation to use the same 😕

 

[sudeep009]

So, I wanted to take a health insurance and decided to check policies and premiums. The huge difference is making my mind go nuts. what am I missing?

Policy 1: ICICI Lombard Health Shield 360, 50 Lakh health cover for 1 Adult is 7,123 rupees.
https://1drv.ms/b/s!Aj-KtmxrLYJ1jRc6CiDpMnqF52fH?e=0X7cxT

Policy 2: HDFC Ergo Optima Secure, 50 Lakh cover for 1 adult is 69044 rupees.
https://1drv.ms/b/s!Aj-KtmxrLYJ1jRgMULZF5jwu2WPT?e=3ZmYmo

The difference in premium is too much. Anyone else came across the same ?

Can you pls upload it again? its no longer working

 

[sm9811911]

Generally when something looks too good to be true, it is.
I don't know why hdfc would not start doing the same rates. Its a competetive mkt.

 

[sm9811911]

for those interested, dcb bank gave me an option of 1cr health insurance for 5k-10k. Tie up with bajaj/ royal sundaram.

 

[sudeep009]

is it good to take deductible or co pay option for my personal health insurance given that I have corporate group insurance. @sm9811911

 

[Predator]

is it good to take deductible or co pay option for my personal health insurance given that I have corporate group insurance. @sm9811911

better stay away from co-pay clause

 

[quino]

the policy can't be ported. confirmed by icici lombard support themselves (applies to any group polilcy within icici lombard too)

 

[Predator]

the policy can't be ported. confirmed by icici lombard support themselves (applies to any group polilcy within icici lombard too)

yes, as it is a group policy.

 

[quino]

yes, was just reiterating the point as someone said it is possible in this thread.

 

[thanix]

yes, as it is a group policy.

Do you know whether this group policy is available for senior citizens holding ICICI Bank account?

 

[Predator]

Do you know whether this group policy is available for senior citizens holding ICICI Bank account?

the premium chart shows age up to 60 years. The last slot is of 56-60 years.
No idea if it is available for above 60 yrs or not

 

[harshit_agrawal]

Is this ICICI policy still available for account holders?

 

[Predator]

Is this ICICI policy still available for account holders?

y e s

 

[saucy]

Here is the pdf.
Please do share reviews, if you have experience with the insurance plan

 

[AlgoTrader]

Here is the pdf.
Please do share reviews, if you have experience with the insurance plan

need to check on this

 

[CyberPsych]

the policy can't be ported. confirmed by icici lombard support themselves (applies to any group polilcy within icici lombard too)

What is a "group"policy?

 

[the_dark_knight]

What is a "group"policy?

A group policy doesn't mean a policy where a group of people(>1) needs to be insured , as most people in this thread seems to understand this way. These policies are termed as family floater or multi-individual policies but not "group" policies.

Group policies are those which are sold by insurance companies to organisation "groups" in bulk like employees of a company (the corporate policy is a group policy as it is purchased by your company by negotiating with the insurer for a lower premium and has no pre existing diseases waiting period generally). So, a group policy can also be purchased only by a single person for himself only.

I just came by this thread today, but seems surprising how come a group health insurance policy for icici employees is being sold to its customers as well? Is this really true and does it cover all pre existing diseases from day 1?

 

[j_s]

ems surprising how come a group health insurance policy for icici employees is being sold to its customers as well?

There are several such group policies. Amex has a group personal accident cover. SBI has a few. etc.

 

[the_dark_knight]

There are several such group policies. Amex has a group personal accident cover. SBI has a few. etc.

Is this icici Lombard group policy they are talking abt which is available cheaply for icici bank customers their top of the line product when compared with niva Bupa reassure 2.0 or hdfc ergo's optima? What is the catch here..

And is it available for 65+ who has bank account with icici, if anyone tried?

 

[CyberPsych]

the corporate policy is a group policy as it is purchased by your company by negotiating with the insurer for a lower premium and has no pre existing diseases waiting period generally). So, a group policy can also be purchased only by a single person for himself only.

My employer provided mandatory health insurance (which is a group policy) allows me to add dependents for extra premium which means I can purchase for multiple people