Care Supreme vs Niva Bupa Reassure
I have recently been pitched above the above two plans for my parents (56M, 49F with PED - diabetes). Both of them are feature rich, particularly the Supreme Plan while the prices are pretty competitive and seems low given Reassure just spiked its new premiums. However, I am concerned with a few things below, opinion on which would be highly appreciated from the community.
- While Reassure comes with PED and non-consumables rider, Supreme mentions having similar ones in brochure/wording but doesn't offer them actually. Are they allowed to do so and why mention something when in real you don't offer it at all?
- For someone with PED, how does the insurer actually decide if to accept the claim or not? Would the PED waiver/reduction rider be utmost important then when the waiting period is 4 years?
- Supreme has a feature where you can increase your total sum insured (base+bonus) to 6 times the base (adding the no claim bonus) in 5 years by taking a cumulative bonus super rider. With various future implications, would it be advised to take a low base and the rider or stick to a high base?
- Other things constant, Care' plan looks cheap when compared to Reassure. While this may be a market acquiring strategy amongst others, how is the experience by an advisor/claimant wrt Care's claim support and experience?
- How often is the premium revision and feature addition/deletion amongst insurance firms? Would it be advisable to go for multi year plans whilst being comparatively economical?