Jackk
TF Premier
Do they charge their own premium over and above the policy premium?
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Best Health Insurance Practically
- Thread starter kshitij_0
- Start date
superstar@123
TF Premier
No, they get their commission from them and we dont have to pay anything extra.
Jackk
TF Premier
I recently booked a call and the premiums the person quoted was higher than the insurer quoted premium inclusive of commission. Strange!
superstar@123
TF Premier
Expect around 5-7% variation as when you take directly from the insurance provider, they pass certain %age to the user. But believe me, having a agent in health insurance is a MUST!
You know this at the time of claim, which I wish never comes !
So, that 5-7% extra which you are paying, is worth every damn penny !
Jackk
TF Premier
Yeah! I get your point. But isn’t the platform zero commission based then why are they charging commissions and like you said earlier the commissions are provided from insurer side but the person assigned to me is charging from me! Did your agent also charge over and above standard premium when he recommended the plan to you?
superstar@123
TF Premier
No, they should not charge from you!
Please check with the agent again or reach out to their customer care.
If needed, I can refer you to my person, who was very helpful.
Update: Forgot to tell, I am not going to earn anything for this referral 🙂
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Jackk
TF Premier
Spoke with their support and was informed that the premium quoted by agents would have commission since they won’t offer standard online discount that insurer is giving directly over their website. So the rack premium is quoted by him that includes his 5-6% cut!
from 2nd year, the insurance should cost the same. can you let us know?
Jackk
TF Premier
Depends on you renewing with the agent again, it’s always tied up with some commission to cover for his services which they would provide in case you require any support in claim process etc.
Try Ditto..Similar to beshak... However these are only support platforms.. Finally you have to make the decision on product and company.. they tend to recommend a few.. may have some backend revenue model..
Jackk
TF Premier
Yeah! Have already spoken to ditto as well! What I could infer is that, they irrespective of profile they almost always recommend hdfc and care! It might be both owing to their good experiences with the company or some backend model. Also ditto seemed more mechanised kind of platform with even novices recommending products in an ideal kind of world. When spoke to Beshak, the person seemed more experienced and pragmatic living in a real world. That’s why they are charging commissions for on premium.
I dont know y u ppl think dese brokers will help u for claims. Now almost Every gud hospital hs agents from insurance company who will do all dese case filing. Brokers cant help in claim processing. They r just selling policies n selling d policy in which dey r getting most incentives.
Invest time in finding gud insurance company rather than finding gud broker
Invest time in finding gud insurance company rather than finding gud broker
superstar@123
TF Premier
I completely disagree to it, and not just saying to contradict to you but with my experience of my closed ones!
Unlike life insurance, health insurance involves lot of paperwork and for anyone, its overwhelming to handle it and at this time, the broker comes into the picture.
If you have chosen the broker correctly, they will help in preparing the documents and guiding you, which is very very important because the insurance companies are just sitting to trash your claims, by hook or crook and the only person who can help, with their experience and relations is the broker, whom you have paid some commission to do it.
PS: This particular advice is not applicable to smart and super intelligent people, who can do anything in this world, even writing in SMS lingo on a forum 🙂
thank you bro for acknowledging my talent
I dont know hw many claim u see on daily basis whch require help from any1. Most claims cn b filed wid d help of hospital itself. N if u r in network hospital den all d work is done by hospital. N insurance company will nt reject any claim just like dat even if u write in SMS lingo.
I just
1) Ergo Optima Secure - Simple Straight forward no nonsense plan
2) ICICI Elevate ( go through the riders carefully) - Good Rider Options Avoid Infinite options
3) **Surprise**- Manipal CIGNA Param - Fantastic plan - What i really liked is that they don't take money until their decision on policy issuance is done...
4) Last if nothing else works out - Care Supreme or Ultimate
Avoid NIVA Bupa / Star at all costs.
Tata AIG / Bajaj are good cos but products are ok ok
bought insurance.. Letbme. give you my recos.
1) Ergo Optima Secure - Simple Straight forward no nonsense plan
2) ICICI Elevate ( go through the riders carefully) - Good Rider Options Avoid Infinite options
3) **Surprise**- Manipal CIGNA Param - Fantastic plan - What i really liked is that they don't take money until their decision on policy issuance is done...
4) Last if nothing else works out - Care Supreme or Ultimate
Avoid NIVA Bupa / Star at all costs.
Tata AIG / Bajaj are good cos but products are ok ok
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Jackk
TF Premier
Bought directly or via agent?
Directly.. Online... Agent may or maynot be helpful... You can go via agent also if you have a trusted one... i always buy online..
Jackk
TF Premier
Any rewarding card that you used for payment? Even I am thinking for going directly since I am purchasing a long term policy and the difference in amount is coming out to be enormous with agent!
