Is it advisable to purchase Group Health Insurance from my Bank or to purchase Retail policies?
Hi , Iam Leo age 39 looking for a floater insurance policy for my family ( 2 adults and 2 kids). Already Iam having my employer's insurance coverage for Rs 9 lacs for my family. Now I am planning for an additional floater for Rs 5 to 10 lacs from my self / individual part. Kindly suggest me whether it's advisable to purchase Group Health Insurance from my Bank or to purchase Retail policies. There is a vast difference in the premium amount when compared to both ( almost 70 to 80% difference in premium). But the features like NCB & Restoration facility is not available with my Banks Group Health Insurance. My Bank is Union Bank of India and they're having Tie up with Religare.