Very Low premium on High Basic Sum Insured of Rs. 1 crore compared to other insurers
I have recently received a premium quote of Rs.25,000 from Manipal Cigna for a family floater health insurance policy of Rs.1 crore (Basic SI) and the age of eldest member in the policy is 33 years and that of spouse is 32 years and daughter is 4 months.
I have a doubt on how the company can provide such a high cover by charging such low premiums which is not matched by any other competitor. Is there a catch in this which I need to be aware of. The policy in question is Manipal Cigna Lifetime Health - India Plan with no Add-ons.