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I am planning to cover my parents (56 & 49) with a health insurance plan (I know am bit late). I had few queries.
- Should I go for HDFC Ergo Optima Restore vs HDFC Ergo Optima Secure?
- Should I include myself in the Family Floater plan - am 24? Or should I get one individually for myself.
- What is the recommended amount of family floater coverage I should take - 5L or 10L? (I know it is different for different family - but generally asking)
Will appreciate any responses regarding my situation for taking medical/health insurance. Or more advice regarding it.
Got a quote from Star Insurance of ₹40462 for 10 lakh cover. 😩 Currently have a policy worth ₹3 lakhs which I believe is too less considering the medical expenses in the country
My father has a cover of INR 5,00,000 from United India and he went through a bypass surgery on 2019. We are fed up of both the agent and company. Agent does not provide any service and this company only gives INR 3,50,000 as claims because of a clause. How can I port my policy to another Insurance provider and also get a higher cover as my dad had recovered completely. He has pre-existing disease of diabetes and bp. Also he has managed to get the care heart topup policy from Religare with a cover amount of INR 10,00,000. After two years they also also cover pre-existing diseases. My main concern is porting from United India to a better company.
My parents are aged 52 & 50, as of now they do not have a health or term insurance. My questions for them are as below
- Do they need a term life insurance at this stage?
- What sort of health insurance are suggested for them? (No known pre-existing diseases)
- What are key factors I should consider while buying health insurance for them?
Hi Sir/Maam ,
If I wan to buy Heath base policy and super topup from different company then how does claim process work ?
I am confused because both companies will require original documents .
My father is govt pernsioner and he had 2 lak policy . i took policy for him from 2 insurances for 5 lak each ..do I need to take any super top up?
My father currently has the following policies:
1) United India Gold - Sum Insured (Rs. 5,00,000). Domiciliary Hospitalisation Limit (Rs. 50,000). For this we are paying a premium of (Rs. 37,000) yearly. This policy has a limit of claims upto Rs. 3,50,000 when hospitalized for certain diseases.
2) Religare - Care Heart - Sum Insured (Rs. 10,00,000). 20% Copay till 70 years age & 30% Copay for age above 70 years. For this we are paying a premium of (Rs. 59,000) yearly. Pre & Post Hospitalization - Maximium upto 5% of SI. NCB: 10% of Sum Insured for each Claim free year, maximum upto 50% of Sum Insured, reduced by 10% of Sum Insured in case of Claim.
Treatment for each and every Ailment / Procedure mentioned below:- i. Surgery for treatment of all types of Hernia ii. Hysterectomy iii. Surgeries for Benign Prostate Hypertrophy (BPH)
iv. Surgical treatment of stones of renal system - Up to Rs 80,000
Treatment for each and every Ailment / Procedure mentioned below:- i. Treatment of Cerebrovascular disorders ii. Treatments/Surgeries for Cancer iii. Treatment of other renal
complications and Disorders iv. Treatment for breakage of bones - Up to Rs 300,000
He went through a bypass surgery in 2019. His policy renewals are in March every year and we haven't yet used the Religare insurance as of now (2 years since we bought it). He has been offered Star Cardiac Care Insurance Policy which has a premium of Rs. 73,278/- yearly. It has similar T&C's like Religare where specific diseases have a cap.
Now my questions to you:
1) Is this Star policy worth it for the premium we are paying?
2) What are my options for having a cover of 25L with minimal disease caps and no co-pay when I renew these policies next year in March? Are there any super top-up plans that I can opt for?
Hi, please guide us through the real-life examples or IRDAI policy for this case when we or our parents get admitted frequently to the hospital due to worsening health conditions in older age.
My curiosity surrounds the following points (don't limit your answer only to them, though)
- Does the insurance company start to find loopholes in the policy claim documentation? So that somehow legally they can prevent disbursal of the claim amount.
- Can they decline cashless admission even at their network hospitals?
- Many policies now offer restoration benefits as a part of the policy. Can they decline/add complexities in such cases?
- Can they disallow the renewal of a policy?
- Are there any regulations/protections for policyholders being provided by IRDAI for such cases?
- Can insurance companies move them to some risky class of individuals? And increase the premium amount at the time of renewal?
- From the insurance provider's perspective - How do they manage this risk associated with their business model?
i am looking to buy a new health insurance for my parents, mother 66 Years and Father 74 Years old. Till now they have not been covered by any other health insirance. We are looking for an insurance which covers the emergency treatments in Fortis or Max Hospitals in India.
Looking forward for your advice.
I've topped up my corporate health insurance policy for my parents. Company says we can port the top-up while leaving the organization. I'm sure what does this mean? Does this mean I will get the benifit of pre-existing disease waiver whenever I port?
Are there any points I'd need to be cautious about?