Thank you for your detailed explanation Harivansh.

Some back of the envelope calculations for 2 persons (53 and 47 years old) Multi Individual, not Floater.

Manipal Cigna SI Rs.50 lakh premium Rs. 1,35,138/- with Heathplus rider covering consumables, air ambulance etc. (no NCB, no Recharge etc)

Max Bupa ReAssure SI Rs 20 lakh premium Rs. 1,49,618/- with Safeguard Rider covering consumables (NCB 100%, Unlimited Recharge)

HDFC Ergo Optima Super Secure SI Rs.20 lakh premium 1,76,010/- (NCB 100%, Recharge upto SI Only)

All these recharge and NCB benefits offered by HDFC Ergo and Max Bupa come with restrictions of usage and terms and conditions. Manipal Cigna is anyway offering more than double the SI with no conditions, and all the same benefits, yet it is cheaper by far.

Age slabs are yearly for Max Bupa, and HDFC Ergo and Manipal Cigna are 5 year slabs.

So on paper, Manipal Cigna is the clear value for money option, however because of lack of brokers recommendations, they are not in the running at all.

There must be something that the consumer does not know, I do hope this forum will be able to answer this anomaly.

See, Again you are focusing on premium as I told you earlier premium will remain dynamic You don't have any control over it think of it as an Advertisement or invitation premium company will try to onboard as many customers that are thinking that premium is low but now think from an insurance company perspective they will have to pay them in a future claim if the hospitalization occurs do you think would you be able to process this many claims probably No they will raise the premium in future IRDAI says you can't raise the premium for the first 3 years of the product launch after that you can raise the premium every year by approaching the IRDAI I think So think it is as an invitation price

Secondly, not many advisors are known of the company or the plan because the company had recently changed its name from CignaTTK to Manipalcigna and in an earlier question, you asked or said that the company will waive the waiting period on the entire sum insured if the earlier sum insured from your ported policy is above 10 lac be I think if it is told by the sales representative then it is probably a lie because as you know they would do anything to sign you up for the policy and it is not mentioned in the policy documents

and you said there is No data of claim settlement as the policy launch in 2021 but let me explain the company will not show claim settlement data for each plan but they show it as an overall claim settlement in a portfolio of their products so in this case maipalcigna have a claim settlement ratio of 76% Secondly the claim settlement ratio is not a matric to judge the company as do not know Why the company rejected the claim or how big the amount of the calim is ..

In case of Hdfc optima secure and MaxBupa reassure restoration benefit terms and conditions there is only one condition that they will pay UPTO Sum insured IN Each hospitalization I think this is the only conditon otherwise they will restore entire sum insured and NCB on full or partial hospitalization.

Again I am not saying ManipalCigna Lifeline is Bad Plan just trying to put my point of view on Premium infront of you because the health insurance is long term product you do not want to jump ship to ship every year because one company is offering lower Premium

Hi jasmer

I also wanted to port my care policy fr a higher SI and came across tata aig medicare premier, manipal cigna lth and hdfc ergo secure

However it was the manipal lth which was giving the most bang for the buck no matter some gimmicky features missing which anyways becomes redundant in a high SI policy

I wanted to ask u whether u bought this policy as an india plan or global plan and if global plan ll be of any use

Did you buy it as a standalone or with the health plus rider?

One advisor was against this policy as they have a TPA instead of in house and told me their claim settlement is a pain.. Did u come across such thing during ur research?

Hi Brij,

I ultimately didn't go in for the Manipal Cigna LTH, as no broker I spoke to recommended it.

Didn't want to purchase something which was so little heard of. Ported to the Optima Super Secure instead.

Better to be with Maruti than Ford was my thinking.

The 25% rebate for agreeing to pay 25,000/- for a claim reduced the outflow as well.

Hi Jasmer

What a co incidence. Ultimately i did the same thing. I took 50 lac wth 25k deductible and premium was almost same wth LTH if we consider the rider cos without that rider LTH didnt cover consumables and evn then it had some restrictions. Reputation of hdfc along with higher sum insured with premium being close enough to LTH kinda tilted the favor towards hdfc

Dear Sushmita,

In Lifetime health Insurance there are 2 plans

1. India Plan
2. Global plan (India plan coverage equivalent or more can be taken)

following riders are available which is very nice

1. HEALTH 360 - Shield ( Non medical expenses and Medical non durable equipment’s)
2. HEALTH 360 - Advance Any Room Category, Related disease restoration unlimited times and Air Ambulance
3. HEALTH 360 - OPD Cashless consultation, Diagnostics and Pharmacy it’s priced very nicely

You can schedule a meeting If have any queries I will guide and help you out.

Dear Mayank,

All insurance companies come under IRDAI after the completion of waiting period and if it’s a genuine claim all the companies will honour the claim.

You need a proper advisor to assist you when there is a claim if that is there than everything else is taken care of course Brand is very important while choosing insurance company.

Hope I have answered your query if you need more clarification you can connect with me for a quick meeting.

Thanks & Regards

Vikram Aralikatty, CFP