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

[jack333]

Is the renewal amount same as previous year ? Mine is getting due in July .

Same. They increased last year only

 

[pranjal1984]

Lombard has cited 14% annual medical inflation and increased renewal premium from 16.5k to nearly 20k. Coverage will increase by 10% from 50 lakhs to 55 lakhs. This can't be ported to other retail policies. Since it is group health, it can be terminated anytime. In two minds now whether to renew or go for fresh retail policies like Ergo Optima Secure.