[kushagra452]

My health insurance expired on 10 May. I paid a premium of Rs.35000 for the Yuva India policy by New India Assurance Company. This policy covered myself and my spouse. Kindly suggest any alternatives that are worth exploring. Thank you.

[Grr7]

Hello everyone,

My parents had a Health Insurance through Indian Bank (in collaboration with United India Insurance Company for previous 6-7 yrs.

However, the bank changed its tie up to Niva Bupa.

I forgot to renew the policy due to some personal issue, entirely my fault.

Now the insurance is overdue by 48 days. The bank people says that even 30 days grace period has lapsed, so there is no way we can continue the health policy and its continuity benefit.

Is there any forum/platform (like IRDAI? Or Niva Bupa ombudsman?) where I can put an application for condonation of delay and can secure the continuity benefits. We have not taken any claims in the past 6 yrs and renewing it timely for all these years.

[Satkaj]

Originally Posted by kushagra452

My health insurance expired on 10 May. I paid a premium of Rs.35000 for the Yuva India policy by New India Assurance Company. This policy covered myself and my spouse. Kindly suggest any alternatives that are worth exploring. Thank you.

My suggestion out of my personal experience with United India and my friends experience with New India , if you have opportunity to move out of these PSU’s please go for private. My experience with Bajaj has been extremely good for similar claims vis a vis these companies. Unnecessary paper work and details asked by these companies made our life hell. It took them almost 3 months to SAY NO to my claim and later I managed to get 70% . This was only possible after I changed my agent who was not able to deal with them. Against which Bajaj processes all my claim just on the basis of my Prescription/ Bills and copies of reports. I usually get my credit in my account within 7/10 days of submission. That to 100%. No stupid questions or clarification asked.

[self_driven]

My HDFC Ergo policy expires this month. It is a very old plan with low coverage of merely 3.2 lakhs. I am planning to stick to HDFC Ergo but switch to their more recent Optima Secure plan. As the change request takes a very long time, I have made my mind to let go of the cumulative bonus (and waiting benefits) and get a fresh policy.

The customer care executive first said that the current policy will automatically expire on non-payment of premium, post which I can purchase a new policy. This was a few weeks back.

When I called up for confirmation today, another executive told me that the existing policy needs to be cancelled by initiating a request from the website help section. Then the team will cancel this policy and issue an acknowledgement letter. Without this letter, I might face troubles with the new policy in the event of a claim. Since I don't have eKYC on my current policy, I have been told to do that as well before my cancellation request can be processed.

Can someone guide what is the correct process? Ideally when a policy is not renewal on the due date, it should expire automatically. The 2nd interaction with customer care today has left me confused and worried.

[SixPistons]

*Not associated with any insurance company or affiliated; Following is purely based on my own experience*

I have the same plan, with higher coverage. I resolved my health insurance queries with Ditto when I was looking to purchase a personal health policy last year. I don’t know much about their revenue stream etc; but their experts were quite helpful in resolving my queries, and it checked out with the what all I could gather in pieces prior to discussing with them.

You can consider a consultation with Ditto and they can suggest something here.

[RMN]

Guys, what's the general opinion of Religare Insurance? I've had my personal coverage with them for the past decade and luckily never had to claim anything. However, I'm planning to increase my coverage at the next renewal but unsure if I should continue with Religare - any feedback would be helpful. Additionally, I hear there is an option to port insurances? Any feedback on that as well?

Thank you!

[TurboTorque]

Narayana Hospital launched health insurance covering Rs 1 crore in surgeries for the premium of Rs 10000 annually. It was announced by the Chairman Dr. Devi Shetty at a press conference in Bengaluru on 1st July, 2024 and they named it as Aditi.

He said, In India, there is a need for 70 million surgeries, but only 20 million are being performed as people do not have the means to undergo even bellwether procedures (Caesarean delivery, laparotomy and treatment of open fracture). He also hoped that in near future, India will usher in strategic shift where qualify health care will not only mean strengthening infra and access to Malaria, TB and HIV but also surgical procedures.

Currently, Aditi, being introduced as a pilot project in Mysuru, Mandya and Chamraj Nagar, is expected to be launched in Bengaluru as well in a couple of weeks. They are going to see how this pans out, before taking it across India.

Aditi’s premium is set at Rs 10,000 a year and will cover a family of four where the eldest is 45 years old and premium will vary if there are existing co-morbidities and if the patients are older. The insured are covered to the extent of Rs 5 lakh in treatment and Rs 1 crore in surgeries. Traditional insurance companies charge anywhere between Rs 20,000 and Rs 48,000 for the same.

Dr. Devi Shetty said that the idea is to offer health insurance to everybody and we are not going to say no to anyone who wants insurance, irrespective of their medical conditions. Currently, it will be restricted to only in Narayana Health when it comes to elective procedures, but the insured can avail it anywhere for emergency treatment.

Source:
https://www.deccanherald.com/india/k...r-year-3088245

https://www.business-standard.com/fi...0100976_1.html

I think it is a welcome move and 10,000 Rs annual premium for 1 Crore coverage in surgeries is reasonable. We will have to wait and see how it pans out.

[saket77]

Originally Posted by TurboTorque

Narayana Hospital launched health insurance covering Rs 1 crore in surgeries for the premium of Rs 10000 annually. It was announced by the Chairman Dr. Devi Shetty at a press conference in Bengaluru on 1st July, 2024 and they named it as Aditi.


Aditi’s premium is set at Rs 10,000 a year and will cover a family of four where the eldest is 45 years old and premium will vary if there are existing co-morbidities and if the patients are older. The insured are covered to the extent of Rs 5 lakh in treatment and Rs 1 crore in surgeries. Traditional insurance companies charge anywhere between Rs 20,000 and Rs 48,000 for the same.

Dr. Devi Shetty said that the idea is to offer health insurance to everybody and we are not going to say no to anyone who wants insurance, irrespective of their medical conditions. Currently, it will be restricted to only in Narayana Health when it comes to elective procedures, but the insured can avail it anywhere for emergency treatment.

I think it is a welcome move and 10,000 Rs annual premium for 1 Crore coverage in surgeries is reasonable. We will have to wait and see how it pans out.

Sounds good, but we can be sure only after reading the fine prints as to what is covered in the insurance vs what is not. Would be also interested in understanding how Narayana Hospitals, whom I assume are not insurers, can provide such a policy by themselves. It is a tie-up venture with an existing insurer?

Thanks.

[TurboTorque]

Originally Posted by saket77

Sounds good, but we can be sure only after reading the fine prints as to what is covered in the insurance vs what is not. Would be also interested in understanding how Narayana Hospitals, whom I assume are not insurers, can provide such a policy by themselves. It is a tie-up venture with an existing insurer?

Thanks.

They started a Narayana Health Insurance Limited unit which is a subsidiary of Narayana Hrudayalaya and they got standalone health insurance license from IRDAI.

Source: https://www.healthcareradius.in/comp...urance-license

[DigitalOne]

Originally Posted by TurboTorque

Narayana Hospital launched health insurance covering Rs 1 crore in surgeries for the premium of Rs 10000 annually. ..

I think it is a welcome move and 10,000 Rs annual premium for 1 Crore coverage in surgeries is reasonable. We will have to wait and see how it pans out.

Originally Posted by saket77

Would be also interested in understanding how Narayana Hospitals, whom I assume are not insurers, can provide such a policy by themselves.

Narayana have got IRDA license as a Health Insurer.

This could be a very good option for people living in the vicinity of Narayana network hospitals, for example, South Bengaluru.

[dragracer567]

Hello esteemed T-BHP members!

Just to give you a quick introduction, I'm a 28-year-old and I've been living outside India since I was 5, mostly in the Gulf! While I did come to India for a relatively short 3-year period to do my Bachelors (and a 2 year stint doing my Masters in Europe), it is safe to say I don't know much about things work back home.

The same is the case for my parent, who have been living outside for India 20+ years now.

Offcourse, being primarily resident in the Gulf, this means that we are completely devoid of any form of safety nets. While we have insurance provided by our employers, they are just as useful till we remain employed (just like our visas).

Given my aging parents, I do feel it is important to insure against any major ailments that might come our way. So, please be patient with me while I ask a bunch of silly questions that might seem obvious for someone living in India

1) What would be a decent medical insurance provider to go with? I'm looking at HDFC or Tata AIG, don't mind paying more for a reputed provider. Inclined towards HDFC since I bank with them and use their platform for investments.

2) Looking at the family floater option, is it as useful as it sounds?

3) Do I and my parents have to travel to India to get a health check up done for the insurance?

4) I was looking specifically at cancer coverage since pragmatically speaking, it is something that can drain you financially (apart from mental & physical decline). Is it worth taking cancer cover separately or would it suffice to be part of the overall health insurance?

5) Is it true that the coverage amount doubles every year if you make no claims?

6) Would be an ideal amount to insure for? None of us have major ailments apart from both my parents being diabetic.

[mandahasa]

Originally Posted by dragracer567

...

Given my aging parents, I do feel it is important to insure against any major ailments that might come our way. So, please be patient with me while I ask a bunch of silly questions that might seem obvious for someone living in India

...

I would suggest you to reach out to https://joinditto.in/. They advise you on insurance and you can also buy through them if you want to. I saw some good reviews about them, however I have personally not used them.

[virajmore03]

Hello, I have enrolled my parents (Age 56 and 62) in Health insurance through an insurance group formed within my organization. The sum insured by this policy (Provided by Star health Insurance) is very low (5 lakhs). Now I want to increase the sum insured so should i opt for a super top up policy from same provider or go for a second insurance policy? The super top up policy has significantly lower premium. But are there any drawbacks to having a super top with sum insured from +5Lakhs to up to 50 Lakhs?

Thanks,

[Renaissance Man]

I have bought multiple policies through them and they have good advice without any pressure to purchase from them.

Originally Posted by mandahasa

I would suggest you to reach out to https://joinditto.in/. They advise you on insurance and you can also buy through them if you want to. I saw some good reviews about them, however I have personally not used them.

You can also try Beshak - https://www.beshak.org

Considering the age of your parents and unfamiliarity with Indian systems better to use an agent policy then go direct.

[Ananthang]

Originally Posted by virajmore03

Hello, I have enrolled my parents (Age 56 and 62) in Health insurance through an insurance group formed within my organization. The sum insured by this policy (Provided by Star health Insurance) is very low (5 lakhs). Now I want to increase the sum insured so should i opt for a super top up policy from same provider or go for a second insurance policy? The super top up policy has significantly lower premium. But are there any drawbacks to having a super top with sum insured from +5Lakhs to up to 50 Lakhs?

Thanks,

Secondary is not getting easily approved, because originals are given to Primary. So if possible have from same company atleast or go for top up.

My father has United and I have also added him under my office. During Covid only about 50% - 60% got approved by primary, when I tried secondary with United for rest of amount, it was lot of struggle asking original etc. Finally they processed some crap and gave us 17000 which was almost that years premium after a lot of fight and unwanted stress