Medical insurance - Which to choose?

[lohithrao]

Hi people,

What to choose Private(Bajaj Allainz...) or Public(Oreintal...).
SHould be easy when it comes to settling claims...

Thanks

[kuttapan]

Chose the one that offers maximum coverage. Look closely for exceptions(existing illness etc). Read the fine print from a few companies before you decide.

Some companies offer riders for their policies to include existing illnesses as well.

[ashthedivx]

Any pointers to health insurance company, currently on Reliance. Still to be on safer side i would like to have another health policy to have a better cover up.

Cheers

[nishantgandhi]

Originally Posted by ashthedivx

Any pointers to health insurance company, currently on Reliance. Still to be on safer side i would like to have another health policy to have a better cover up.

Cheers

Best is to stick to nationalized insurance providers. Low premiums for higher covers.

[ashthedivx]

Originally Posted by nishantgandhi

Best is to stick to nationalized insurance providers. Low premiums for higher covers.

This is what i thought and tried to procure some insurance for me and my spouse under group policy. But, unfortunately neither oriental nor national provided the same. However, upon calculating insurance's premiums individually for a year it totalled to near about 3 annual premiums of reliance's group policy


Cheers

[nishantgandhi]

Originally Posted by ashthedivx

This is what i thought and tried to procure some insurance for me and my spouse under group policy. But, unfortunately neither oriental nor national provided the same. However, upon calculating insurance's premiums individually for a year it totalled to near about 3 annual premiums of reliance's group policy


Cheers

Not possible, my friend. I have recently taken medical/health insurance from National Insurance co for me+spouse. I think the premium was Rs 2250+tax for Rs 2 lacs cover. I compared to ICICI, AIG and some others and they quoted 100-150% higher of the quote that I had got. This is the cashless hospitalization plan that I am talking about.

[ashthedivx]

Originally Posted by nishantgandhi

Not possible, my friend. I have recently taken medical/health insurance from National Insurance co for me+spouse. I think the premium was Rs 2250+tax for Rs 2 lacs cover. I compared to ICICI, AIG and some others and they quoted 100-150% higher of the quote that I had got. This is the cashless hospitalization plan that I am talking about.

Very true, just checked national's website they do offer the group policy where-in spouse and kids can grouped in the group. However, i was going through a broker's website which didn't showed the exact picture. My bad i didn't checked principal's website and relied on their figures.

Still i am happy to have reliance, as it covers critical diseases as well which ain't covered in national's policy (Couldn't find any information on principal's website)

Will be more happier to have another medical insurance which will further cover critical disease's expenses.

[NetfreakBombay]

Few things:

1. You can add critical illness to most existing life insurance policies
2. Govt policies do not cover non-hospitalization expenses like visit to doctor for fever etc. Some private insurers do that
3. Govt policies have horrible "sub-limits". Even if you are insured to 6 lakh, your 70,000 claim for appendicitises can be partially denied since their limit is 60,000. (60,000 is imaginary number, just an example)
4. You can get "family floater" with private companies as well.


based on my experience:

1. Get a family policy from Govt company
2. Get a family floater from private companies
3. Add critical illness to life insurance (instead of mediclaim)

That ways your claim wont be denied if you choose to get treated in a 5* hospital (and hit sub-limit of govt policies).

[ashthedivx]

Originally Posted by NetfreakBombay

based on my experience:

1. Get a family policy from Govt company
2. Get a family floater from private companies
3. Add critical illness to life insurance (instead of mediclaim)

That ways your claim wont be denied if you choose to get treated in a 5* hospital (and hit sub-limit of govt policies).

Actually this is in my thought also

Simple illness medical cover (personal) - 5 lakh
Simple illness medical cover (offcial) - 5 lakh
Critical illness medical cover (offcial)- 10 lakhs
Critical illness medical cover (personal)- 10 lakhs atleast

End of the day - complete peace of mind for me as well as my family members