Team-BHP - Health insurance queries? Ask me!

Quote:

Originally Posted by mentalmaxout (Post 4905967)

I have a medical insurance of sufficient amount. However it covers only hospitalisation. So you suggest buying a critical illness policy separately and which would you recommend? My age is 39

I have compared several critical insurance policies. I've found SBI general critical insurance premium is very reasonable among the leading providers, although list of critical illnesses covered is low (around 13) but still major ones like cancer, heart attack, kidney failure, etc are covered. I'm planning to take it up.

Are there any members which have this plan or any experience with sbi general ?

Dear all,
Need your help here.
It's time for renewing the employer (private) covered health insurance.
I am eligibile for a coverage of 5L, with options for top-up. Covid coverage is extra.

I don't have any other personal medical insurance, and know that having a separate personal cover is recommended.

Please suggest what is the best approach, and also the preferred insurers or plans.

Edit: 2 Adult + 2 kids

Thanks in advance.

Hello Experts,

I need your help regarding Insurance Matter.

My Father was having insurance cover of SBI Group Health Insurance Policy from the Bank Account. Every year it is really hassle to renew the policy. My father is 70 years old. This year SBI Branch did not renew the insurance which was ending on 23 rd August. It was really pathetic experience and despite of running pillar to post, they simply did not renew. Numerous complaints to Bank, SBI Customer Care, Thousands calls and emails did not help. Complaint to IRDAI is in process but I guess that will also be complete disappointment.

I am sitting in Germany and I could not help much. Really tired of SBI tantrums I would like to look for other insurance option for my father. There are not really many options where my father can enter in this stage.

Please help me to get insurance for my father.

Quote:

Originally Posted by sushantr5 (Post 4919985)

Not an expert, but getting a fresh insurance cover post 70 would have limited options. Star Health Senior Citizen Red Carpet insurance can be considered. Other than that, I guess Max Bupa and Religare (now Care Health), though the latter options are significantly more expensive compared to Star.

P.S: Just based on some research which I did for my parents last month, but later came to know they already had one, albeit a low sum insured value from New India Assurance.

I had taken the following policy from Max Bupa in 2016 , when i was 39 years old. It covers my wife and daughter as well.

Heartbeat FAMILYFIRST GOLD 5L+ 15L.
Base sum insured for each of us is 5 L
The floater sum insured is 15 L
There is a loyalty addition amount accrued - 1.5 L for each
So total sum insured as per the current policy is 5 x 3 + 15 + 1.5 x 3 = 34.5 L

I got a renewal notice recently for my policy , and i have to pay 42,425/- .

This is what i have paid till now every year:

2016- 29,921 /-
2017- 33,121 /-
2018- 34,357 /-
2019- 35,345 /-
2020 - 42,425 !!!!!

As you see , its around 7k more than last premium, which is quite high. I haven't made any claims all these 4 years, but the premium just keeps increasing.

So i got a call from Max Bupa today as they felt I'm scouting for new policy from my recent conversations , and they suggested i go for a combination of two policies - "ReAssure: & a super top-up plan called "Recharge" for a sum insured of 1 Crore. He said the premium comes to much less than what id have to pay now. Any feedback on these policies? And anything i have to be aware of and ask for?

Quote:

Originally Posted by kap04 (Post 4927344)

I had taken the following policy from Max Bupa

I have a similar policy, and my renewal is due in Jan '21

The policy names are Health Companion and Health Recharge.

One has a Basic Sum insured of INR 10 lacs while the other is a top up policy of INR 25 lacs.

In the first policy, every claim free year makes you eligible for 10% increase in your Basic Sum insured amount.

This no claim bonus can NOT exceed your basic sum insured, which means, you hit the max. ceiling in 10 claim free years.

Simply put, at the end of 10 claim free years (need not be consecutive) your Basic Sum insured is INR 20 lacs.

Also, once your Basic Sum insured goes up by virtue of no claim bonus, it remains there even if you make a claim in the subsequent year.

In the top up policy, no claim bonus is 5% of the top up amount, and one can accumulate a maximum of 50% of the top up amount as no claim bonus.

So, at the end of 10 claim free years (again, need not be consecutive) your top up amount is INR 37.5 lacs.

Did you evaluate the 'Reassure" policy as well . Any reason why you selected "Health Companion"

I am also in the process of renewal, and I'm thinking of the pros/cons between Reassure and Health Companion.

Quote:

Originally Posted by Ram_BMWTravel (Post 4852602)

I have a Max Bupa group policy for similar family profile - 37,34,5,1 . I have a base policy of 5 Lakhs and a super top-up of 95 Lakhs. I bought this directly from Max Bupa for a total price of INR 22000.

I suggest to purchase this directly from Max Bupa website.
The base policy is Health Companion.
The Super Top-Up is called Health Recharge.

Ram

Query to experts and MaxBupa customers.

I have a Health Companion variant 3 Family floater Health insurance from Max Bupa with Base sum insured of 20L. The NCB accrued last year was 12L since I am with MaxBupa since 2017 without any claims. The total sum insured comes to around 52L including base SI, NCB accrued and refill. The premium this renewal (2021-22) incl GST is seen as 2k more than last year and 61% increased since I opted for MaxBupa. Is the increase this year due to Covid? Will the Insurance cover Covid related claims?

Quote:

Originally Posted by The Rationalist (Post 4359834)

My elderly parents are both on Star Health, one is Comprehensive and other one is Senior Citizen Red Carpet. Both are having Diabetes and Hypertension and both were taken up without medical tests. Just be honest during applying.

@the Rationalist and others,

Need some advice on Stars Senior Citizen Red Carpet Health Insurance policy.

I am planning to take insurance for both my parents since my dad just got laid off this year and his company policy doesn't cover them anymore. Dad is 61 years old and Mom is 54 years old.

Dad has diabetes and BP issues. Mom has anemia.

They are already included in my company policy which has a SI of only about 2.5L.

I was thinking of getting either the Senior Citizen Red Carpet for my dad and Stars Comprehensive for my mom or adding them both to Star Comprehensive.

To be honest, I didn't get the benefit of going for Senior Citizen Red Carpet for my dad since other than the lower waiting period I don't see a lot of positives to it. Star Comprehensive seems to have no sublimits as such and the co pay is much lower (10% since dad is above 60 years) against 30%.

If it's not too much trouble can you please let me know why you have taken both. Is there any benefit to Red Carpet policy that I have missed?

Also, one more question. Is it possible to get dad on to Star Red Carpet now and then port him over to Star Comprehensive after 3 years. He would be 64 then and still under the 65 year limit for this policy.

As long as I don't go for a PED buyback rider (to reduce the waiting period to 1 year) for Star Comprehensive, they don't seem to want a medical test.

Thanks in advance

Dear All - I recently received a call from Aditya Birla health insurance personnel. Right now, I am using the group policy provided by my company (this include my parents as well), and I mentioned it to the caller. He then said I can take a Super top up plan to supplement my existing group cover.
From an initial research, I see that it has a lot advantages, mainly that I can opt for the lowest sum insured in my base policy and go for this top up. The rate for the top up is very low compared to the base policy, at the same time the coverage amount is a lot higher than what is offered by the base policy.

So my questions are mainly regarding this top up plan. Can the experts guide me, please.
1) Is there something which I need to know if I am going to take this supplementary policy? I am getting a 'this is too good to be true without some hidden conditions' kind of feeling. Am I putting myself in any sort of disadvantage by taking the low SI in base policy and this top up plan?
2) By any chance, if my base policy is stopped (if I am not employed or if my company stops this medical cover), what will happen to the top up policy? From the AB website, there is a point that says I can convert this to a regular health insurance plan. Again, are there any hidden terms and conditions behind this conversion, if it comes to that.

Can someone please clarify a couple of points regarding health insurance for me?

1. Unlike term insurance, do the premium for health insurance keep increasing every year? In that case does it make any difference if I get the insurance while I am 30 or 35? As in if I start the insurance at the age of 30 & continue paying, will my premium at 35 be similar to someone who is starting the insurance at 35? Or do I get benefits of having started at younger age?

2. I have been using office insurance till date for entire family(myself,spouse,parents). For parents I want to continue with that as the premium for outside insurance is quite high. But as me and my spouse are younger is it better to have a separate health insurance from outside now as post retirement office cover wont last?

3. Any NCB concept here?

Would appreciate some pointers to some good health insurance providers covering OPD, dental, eye, single room charges & with cashless(without co-pay) facility?

TIA:)