Kuvera Health Insurance Review | Kuvera has come up with a lower cost Health Insurance product. How good is it. Can you review it.
Kuvera has come up with a lower cost Health Insurance product. How good is it. Can we trust them.
Hey Chandra,
I agree with all the explanation given by Team Beshak. Nothing more to add here.
Buy a retail health insurance policy when you are paying premium out of your own pocket. Don't go by low premiums of such group master policies.
Anuj Jindal
Co-founder
SureClaim
It should be avoided.
I had pretty bad experience with Bharti AXA Health Insurance through Kuvera. They have not planned service steps properly, any queries or issues takes month, if not few weeks, to get resolve. Kuvera doesn't know whom to contact properly in Bharati AXA, for any clarification or issue.
Let me add a few bits - nothing comes for free. You get what you pay for. With ever increasing medical cost, a 'low' cost health insurance definitely may have a long term catch. The message from Beshak has already mentioned the catches. If you ask Kuvera - I am not sure what is their business model to even keep them sustainable as a long term business to offer such low cost options.
When it comes to my health & life, I focus more on sustainable brands which will take care of my needs. Strong brands will not be odd to ask for huge premiums vs the market. They know what is competition and price. A new entrant would ask for lesser premiums to command a market share but with a first opportunity they will get to market rates.
I am not sure about you, but for my life and family, I would avoid this.
Hello Chandra Sakher,
We have had a quick look. Kuvera is essentially offering insurance coverage under their Group Health Insurance plan.
Group Health Insurance plans have the following characteristics:
The specific insurance plan that we saw on their website has basic covers with respect to hospitalization cover, pre & post-hospitalization, day care, domiciliary treatment. The policy does not have any red flags with respect to treatment limits or room rent limits (gives Private AC room eligibility). Its a plain vanilla plan without some benefits which have now become standard amongst all leading plans like - restoration benefit, no claim bonus.
How to make a well informed decision?
1) Compare plan benefits available in the open market with this plan.
2) Understand the difference between a group plan and a retail plan as explained above.
3) Compare the price and understand whether the premium saving is good enough to justify the differences in benefits and base construct of a group plan explained above.
In our view, it is better to opt for a retail lifetime renewable individual plan that is your personal and not linked to any membership or association with a third party brand. Opt for a group plan only as a supplementary cover, or when there is no other choice available.