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HDFC Optima Restore vs MaxBupa Reassure

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27 Dec, 2020 by  Pavan R

I'm confused between HDFC Optima Restore vs MaxBupa Reassure policy. The policy is for my mom (49 year) and myself (25 years). The premium of MaxBupa Reassure is cheaper as compared to HDFC Restore policy. But I'm concerned with the brand value of MaxBupa. How good is it during the claim settlement process? Please help.

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Health Insurance

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29 Dec, 2020

Hello Pavan,


In our view, there is no problem and nothing to worry about any insurance company -

  • if you are clear about what you are buying (adequate coverage, the benefits, the financial limits, the various exclusions, quality of their hospital network etc.), and
  • if you are making full, transparent declarations to the insurance company through their proposal form or telephonic interviews.


We don't have details around the claim settlement process of Max Bupa or other companies right now. In our experience, we have found their services, experience to be comparable, did not find any striking difference.


PS: Would also recommend that you go for individual plans as far as possible, because floater may not be relevant in a few years, since you are already 25.


Hope this helps,


Regards,

Team Beshak

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29 Dec, 2020
Pavan R
Thanks for your response. What are the disadvantages of buying a multi individual policy for my mom and myself? That is, I'll be adding my mom in the same policy as mine. I'm referring to HDFC Optima Restore policy here. They're giving me a 10% discount on the premium if I add more than one family member to the same policy as mine. Both of the insured members will have a separate coverage of 10 lakh each. Please advise.
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30 Dec, 2020
What are the disadvantages of buying a multi individual policy for my mom and myself? That is, I'll be adding my mom in the same policy as mine. I'm referring to HDFC Optima Restore policy here. They're giving me a 10% discount on the premium if I add more than one family member to the same policy as mine. Both of the insured members will have a separate coverage of 10 lakh each. Please advise.


Hello Pavan,


What you are buying are two individual covers under one policy. As far as the covers are separate it is fine. We were talking about including your mother in a floater (where the health insurance cover is shared, not separate). We would recommend you gradually increase your cover to 15-20 Lakhs for your mother in the next few years. That way she would be better protected (against healthcare inflation) for the next 30 years.

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30 Dec, 2020
Pavan R
Thanks for your response, again. The discount which the insurance companies give while subscribing is limited only while buying the policy or will it continue for the rest of the renewals as well? For example, HDFC Optima restore gives a 10% discount if more than one family member is added under the same policy. Will this 10% discount continue for the rest of the renewals as well? The customer care executive tells me it does but I want to reconfirm it. Thank you!
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30 Dec, 2020
Will this 10% discount continue for the rest of the renewals as well?


It will continue forever.

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