I want to buy a Health Insurance Plan for my family and have zeroed in on 3 plans
I want to buy a Health Insurance Plan for my family and have zeroed in on 3 plans Max Bupa Reassure, HDFC Ergo Optima Restore and Aditya Birla Activ Health Platinum - Enhanced after going through various plans and their brochures.
My Family (Myself - Age (Mid-Thirties) , Spouse - Age (Mid-Thirties) and 2 kids)
But Challenge i'm facing currently is to decide whether i should go for Base plan of SI (Rs 25 Lakhs) alone or Go for [Base Plan (Rs 10 L) + Super Top-up (Rs 25 Lakhs)] with the same insurer , Are there any critical points to take into consideration before finalizing the option ? Also any advice on which plan out of these 3 would be best will be highly appreciated and Vital. Thanks in advance.
Note: I've arrived at SI amount of Rs 25 Lakhs after going through various posts on Beshak forum and advice given by experts that today SI of Rs 10 Lacs may be sufficient but after 20 to 25 years it may not be sufficient considering health inflation of 5% P.A. So its better to have sufficient coverage at the earliest as in old-age it may not be possible to upgrade plan due to higher chances of rejection by Insurance Companies due to various factors. Please suggest if the thought process is appropriate or not.
If you notice, all benefits in policies max out by 10 lakh. Beyond that sum insured, you're only buying extra SI, nothing else.
You can add Max Bupa Health Companion also in your consideration. It's a bit cheaper than ReAssure.
Of the lot you are considering, ReAssure is the most premium product (it gets sexier if you add Safeguard addon to your basket). Health Companion and Optima Restore are neck to neck competing products, and HC may be a little bit cheaper than OR in the very long term.
15-25L top-up is a better strategy with base of 10L. But check out their configurations. The top-ups should offer somewhat similar room limits as base plan, else you will face problem in deciding how to select room category at time of admission. I'm not very conversant about the top-up plans of these companies. But buy base and topup from same insurer.
I hope I have not confused you :)
Wish you well. Happy to answer any follow-up questions.