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:

1. They are single year plans - the premiums can be reviewed and changed every year basis the claims experience of the previous year. There may not be any no claim bonus too.
2. In case you want to migrate later to an individual policy not connected to the group, Insurance companies conduct underwriting (evaluation of whether to offer or decline the policy, whether to charge the standard premiums or apply loading, whether to put limitations or not)
3. They are linked to your membership as a customer with the group owner, in this case Kuvera. The eligibility and membership requirements can change. In case you are no longer a member of the customer group, the cover can be withdrawn at the time of renewal. If Kuvera and the insurance company decide to part ways, you would be offered migration option in that case too, with the conditions explained above.

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.

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.