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50 Lakh Cover for Rs 7,123/-. Too good to be true ?

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jack333 said:
Porting is not allowed for any group policy. It's only for individual policies
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Multiple people has commented in this threat that as per IRDA it is possible.

Although it is possible don't know how smooth it will go for us due to pre-existing diseases, waiting period and other benifits.
 
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Amex one costs around 35k annually for a 35 year old person with wife and one kid.

I don't think they are comparable.
 
federer.reddevil said:
If you know the name can you tell me so I can ask them regarding that

Or should I ask I need details of Group Health polixy of 1Cr cover?
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Dm me if you want, I will give you the number of the branch executive.
For reference, I found following details(sundaram policy highlights is pasted below; aditya Birla policy is attached). Details are 6 months old.

*🚑🌐Royal Sundaram GIC Ltd - LIFE LINE 🌐*🚑

💊Inpatient Hospitalization with NO SUB-LIMIT on Room Rent,ICU, Dr. Fee and any Disease..
💊 Reload Benefit of Sum Insured - Extra 100% Cover every year.

📊 No Claim Bonus -20% year : Max 100%

💊 No Co Payment : No Cutting on Admissible Claim
💊 Single Premium Discounted Cover - Long Term Cover up to 3 Years.
💉 Vaccination for Animal Bite
🏨Organ donor expenses covered
🚨Emergency Ambulance - up to INR 10,000/- Based on the plan selected
🚨Emergency Domestic Evacuation across India : Air Ambulance up to INR 300000/-. Based on the plan selected

👨🏻‍⚕Preventive FREE Health check up every year by default.
🏠 Domiciliary Covered
💉 Covers critical illness
🏥Full Pre–Post Hospitalization : 60 Days Pre & 180 Days Post.
🏩 AYUSH Treatment across India : including Pvt. AYUSH Hospitals


✴ LIFE TIME RENEWABILITY

✴ Hassle Free Enrolment :
No Medical Check-up
a) Up to 20 Lacs
b) Up to 50 Years
c) Medically Fit

✴️ Entry Age
+Child 91 days - 25 Years
+ Adult - 1
 

Attachments

Has anybody who took this mentioned icici lombard bank policy (health shield 360) and completed one year and due for renew? What are the renewal premiums look like, I heard they inflate the premium too much on subsequent renewals?
 
the_dark_knight said:
Has anybody who took this mentioned icici lombard bank policy (health shield 360) and completed one year and due for renew? What are the renewal premiums look like, I heard they inflate the premium too much on subsequent renewals?
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Mine is due for the renewal next month. Just got the reminder today from the IL. Premium is same as the last year. Along with that, they added some renewal benefits as well. 🙂
 
NAB said:
Mine is due for the renewal next month. Just got the reminder today from the IL. Premium is same as the last year. Along with that, they added some renewal benefits as well. 🙂
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Renewal benefits as in the fitness tracking apps and parameters which they capture regularly and provide premium discount on renewal? How much % discount hb u obtained?
 
I don't know if this has been covered ITT, but health 360 seems to be a top up policy, i.e. top up policies are used to extend your existing policy cover.

This raises number of questions regarding the usability of this product. For eg. Can I buy this with me not having a health insurance
 
sadhunath said:
I don't know if this has been covered ITT, but health 360 seems to be a top up policy, i.e. top up policies are used to extend your existing policy cover.

This raises number of questions regarding the usability of this product. For eg. Can I buy this with me not having a health insurance
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The one discussed in this thread is not a top-up policy. Its a proper base policy.
The policy in link you shared is a top-up variant by the same name.
 
NAB said:
Mine is due for the renewal next month. Just got the reminder today from the IL. Premium is same as the last year. Along with that, they added some renewal benefits as well. 🙂
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Did you try making payment via Amazon or any other web/app ? What's the best option to get some cashback on this payment ?
 
sri222 said:
Did you try making payment via Amazon or any other web/app ? What's the best option to get some cashback on this payment ?
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Amazon pay wasn't showing as option to me on payment page, so made payment using AU LIT CC. However, mine was first-time purchase directly on lombard payment link
 
I read one article about how come Paytm etc are giving cheaper policy. Actually they are giving group insurance which they can terminate at any year. So you need to be sure that you are comparing apple to apple.

No room rent capping
Pre-Post days cover
Restore add-on
Co-pay %
Exception w.r.t. diseases
Limit on treatment
Hospital network for cashless
Ambulance etc coverage

But it is not possible that 2 policies premium is 4x diff
 
Since this thread has been started more than a year back, you might have known more details about this policy. Requesting everyone to share details you might have known or experienced.
Also is this policy still alive, if yes pls share latest doc you have. TIA.
 
DaDarkkNight said:
The one discussed in this thread is not a top-up policy. Its a proper base policy.
The policy in link you shared is a top-up variant by the same name.
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isn't this group policy rather individual policy? can we port (don't think so) group policy if required?
 
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