Claim Settlement Ratio
I have narrowed down on two health insurance companies: HDFC Ergo Optima Restore and Niva Bupa Reassure. I am confused which to choose amongst them. I will
My father suffers from Pre-Existing disease like Hypertension/BP.
The options I have are:
- HDFC Ergo Optima Restore for my mother. The premium is Rs.29,671 with the riders.
- HDFC Ergo Energy Silver for my father. The premium is Rs.37,419
If I go with Niva Bupa
- Niva Bupa Reassure for my parents. Its a floater policy. The premium is 41,725
HDFC vs Niva Bupa
-The difference is of claim settlement ratio. Niva Bupa has 91% whereas HDFC Ergo gives 97%
-The other difference is that Niva Bupa also covers consumables cost like gloves etc for my father which was not covered under HDFC Ergo Energy
-Niva Bupa is cheaper.