Best Health Insurance Practically

[shutapdiya]

This is the current premium rate list

Is this only available only for age band upto 60 years?

Premium looks attractive around 60-70% of supreme or star plans

 

[jack333]

Here it is

 

[the_dark_knight]

Here it is

This looks like no waiting period policy (30 days only) my friend, is it not available for 60+ individuals?

 

[quino]

This looks like no waiting period policy (30 days only) my friend, is it not available for 60+ individuals?

right, not available for obvious reasons.

and no waiting period on any disease..like is the case with any corporate policy

yes, but try & apply with PED and see it get rejected faster than vande bharat train

Try icici lombard group insurance for icici customers. I got 50l policy for three people for 12k premium

wait for renewal and see the price jump then

 

[Deleted member 9785]

60 ke bad jab chaiye hogi, tab hogi ni. koi aur company tab degi ni due to some health issue

 

[shivms112233]

Hi everyone,
I am planning to take a health insurance for my parents and have a simple doubt:
What is the difference between:
a) an insurance with higher base amount (lets say 50L) or
b)an insurance with a super top-up, equaling same cover of 50L (10L base+40L super top-up)?
The second plan is obviously cheaper than the first one. Then, why would anyone go for the first plan? Could you help me understand what am I missing here.

 

[the_dark_knight]

Hi everyone,
I am planning to take a health insurance for my parents and have a simple doubt:
What is the difference between:
a) an insurance with higher base amount (lets say 50L) or
b)an insurance with a super top-up, equaling same cover of 50L (10L base+40L super top-up)?
The second plan is obviously cheaper than the first one. Then, why would anyone go for the first plan? Could you help me understand what am I missing here.

The second example you gave of 10l base + 40L super top-up. There are a few concerns here, of which you must be aware.

1. This is not a single policy of 10L+40L. These are two separate policies = 10L base policy separate and 40L super top policy separate. Since both policies are separate, so their t&C might differ like some diseases might not be covered in your super top-up policy. Usually super-top up features are not same or attractive as your main policy

2. Claim experience is a little hampered in this combination because since there are 2 policies so for a larger claim, it might take more time to get settlement.

3. Since both policies are separate, there is a chance that the super-top up policy gets discontinued by the insurer anytime in future.In such a case you would just be left with the base sum insured policy only, and increasing the base sum insured later is complicated and will attract medical assessment and underwriting again, and there are chances the insurance company might deny increasing it.

4. Super-top policy is a new product altogether in the insurance industry. This was basically designed to target those ppl (mainly business or HNI ppl)who didn't take insurance at all. These ppl were those who thought 10-20L claims can be easily paid by them without any extra finacial burden, so why to purchase policy for that. Hence companies designed this super-top up product, by selling very high cover like 1cr at a very nominal premium with a deductible option.
Since super-top up is a new product , insurance pandits don't consider it to be reliable still for the future, meaning they think that insurance companies might discontinue these policies in future as more n more are opting for these poliocies or might increase the premium to match it with the regular base policy cover only. u

To conclude, first and important thing is here to check what your super-top-up policy covers. If it is sufficent as per your needs then go with the base+super top combination without any doubt.

 

[hs23new]

Any reviews on Aditya Birla Active one? They are offering upto 100% health return if you are active 325 days per month. Its cheaper then HDFC Ergo also. Thats a Double Win. Cheaper / free + better health.

I have 3 year old policy Aditya Birla Diamond but I havent used it once yet. Thinking of internal porting if possible or buy new policy. Is this recommended?

 

[hs23new]

Here it is

@jack333 Did you get this policy? I am hearing they increase the premium on renewal, what is your experience with the same?

The main problem is that this policy cannot be ported, so you are stuck with inflated price.

 

[jack333]

They've increased the premium by 20% after I've taken but its still comparatively cheaper than others

 

[hs23new]

They've increased the premium by 20% after I've taken but its still comparatively cheaper than others

This increase is every year or the price stays constant within age bracket?

 

[jack333]

This increase is every year or the price stays constant within age bracket?

Don't know that but i think they increased the premium after three months only. The pdf I've shared is new rate which is still very good

 

[hs23new]

Looked at all options, thinking of porting to Reliance General Insurance Health Gain for 1 year - its the cheapest, with decent ICR (86.31% for 22-23), and covers the hospital in my area. Any advice on this?

 

[hs23new]

I am having TATA Medicare Premier policy with 10L base plan and 1Cr Super Topup for 2 people. You can explore it. Its the best policy as per my extensive research.

Thanks. This seems the best one - includes annual health check up upto 10k.

 

[Deleted member 9785]

GR8 development

Health insurance rule change: Cashless treatment at any hospital from today; how to get it, charges

Till now, a health insurance policyholder can get cashless treatment only at network hospitals with whom the insurance company has tied up. If it is a non-network hospital, the policyholder has to pay the entire amount from his pocket and then go through the cumbersome claim reimbursement...

economictimes.indiatimes.com

 

[Riya]

I have a Cholamandalam policy which cover spouse plus 2 kids plus parents... All inclusive

 

[quino]

GR8 development

Health insurance rule change: Cashless treatment at any hospital from today; how to get it, charges

Till now, a health insurance policyholder can get cashless treatment only at network hospitals with whom the insurance company has tied up. If it is a non-network hospital, the policyholder has to pay the entire amount from his pocket and then go through the cumbersome claim reimbursement...

economictimes.indiatimes.com

i don't think it's useful. insurance companies will reject cashless claim citing some bs & later you'll do reimbursement as usual, and they'll give you the money then.

 

[shivms112233]

The second example you gave of 10l base + 40L super top-up. There are a few concerns here, of which you must be aware.

1. This is not a single policy of 10L+40L. These are two separate policies = 10L base policy separate and 40L super top policy separate. Since both policies are separate, so their t&C might differ like some diseases might not be covered in your super top-up policy. Usually super-top up features are not same or attractive as your main policy

2. Claim experience is a little hampered in this combination because since there are 2 policies so for a larger claim, it might take more time to get settlement.

3. Since both policies are separate, there is a chance that the super-top up policy gets discontinued by the insurer anytime in future.In such a case you would just be left with the base sum insured policy only, and increasing the base sum insured later is complicated and will attract medical assessment and underwriting again, and there are chances the insurance company might deny increasing it.

4. Super-top policy is a new product altogether in the insurance industry. This was basically designed to target those ppl (mainly business or HNI ppl)who didn't take insurance at all. These ppl were those who thought 10-20L claims can be easily paid by them without any extra finacial burden, so why to purchase policy for that. Hence companies designed this super-top up product, by selling very high cover like 1cr at a very nominal premium with a deductible option.
Since super-top up is a new product , insurance pandits don't consider it to be reliable still for the future, meaning they think that insurance companies might discontinue these policies in future as more n more are opting for these poliocies or might increase the premium to match it with the regular base policy cover only. u

To conclude, first and important thing is here to check what your super-top-up policy covers. If it is sufficent as per your needs then go with the base+super top combination without any doubt.

Thanks for the explanation. It is really helpful.
Therefore, I am leaning towards HDFC optima super secure with 25L coverage, for both parents, as it provides at least 2X coverage, i.e., of 50L (as per their policy wordings).

 

[mr_vasanth]

Whether to take Family floater or Individual is your call. I took Family Floater because for my age group individual policy premiums are quite high.

On deductible, I considered 1 lacs because my Corporate Policy has coverage of 10L, so 1L will be fine. But then you need to decide basis your comfort, assumign worst case of what if you need to pay from own pocket.

Do note that, deductible once decided, say 50K or 1L, cannot be changed for next 5 years. And then one can change once every five years, till the age of 49 (the highest age aross all family members in floater).

Hope it helps.

I fail to understand the link between having a corporate policy and 1L deductible in personal insurance. Can someone explain ? We can’t claim from both the insurance as far as I know.

 

[mr_vasanth]

These rates are crazy good, is this the Health Shied 360 policy?

Health Shied 360 is a group insurance or personal insurance?