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HDFC ERGO OPTIMA SECURE 4X - is there any catch ?
- Thread starter krishc
- Start date
krishc
TF Ace
agree with your point however
I'm still finding this Optima Secure 4x to be cheaper than other insurers at the same base sum insured e.g. 5L/10L/25L
that's why I'm a bit curious if they're cutting any corners to provide it thus cheap
things like doing away with a standard feature in fine prints is something insurance companies are very good at
I'm still finding this Optima Secure 4x to be cheaper than other insurers at the same base sum insured e.g. 5L/10L/25L
that's why I'm a bit curious if they're cutting any corners to provide it thus cheap
things like doing away with a standard feature in fine prints is something insurance companies are very good at
Bumping this up. It seems like one of the best options, I almost got a policy, but backed out last moment thinking there's got to be a catch.
Seeing this is one of the flagship offerings from HDFC Ergo, it would be super helpful if someone knowledgeable would break this down.
Seeing this is one of the flagship offerings from HDFC Ergo, it would be super helpful if someone knowledgeable would break this down.
krishc
TF Ace
same situation with me
I'm almost sold on this
just cautious and worried that there might be a catch
everyone is (too good to be true)...
dapatale
TF Select
For health insurance fine print is imp and look for claim settlement ratio
Are you saying care has higher settlement ratio compared to HDFC Ergo 🤔
Bumping up.
I'm myself in the exact same spot with HDFC Secure. However, based on the quotes that I have, HDFC secure is almost twice as expensive for the same base sum insured. I'm comparing it with Niva Bupa.
For a 10L Sum Assured:
- Niva Bupa Health Reassure With safeguard : Rs. 8776
- HDFC Ergo - Optima Secure : Rs. 14278
@krishc Which insurer are you comparing with?
I'm myself in the exact same spot with HDFC Secure. However, based on the quotes that I have, HDFC secure is almost twice as expensive for the same base sum insured. I'm comparing it with Niva Bupa.
For a 10L Sum Assured:
- Niva Bupa Health Reassure With safeguard : Rs. 8776
- HDFC Ergo - Optima Secure : Rs. 14278
@krishc Which insurer are you comparing with?
krishc
TF Ace
the only difference between the insurers is how the co-pay is structured
every insurer has some 20-40% co-pay based on what type of disease, pre-existing or not etc
only digit claims no co-pay
and for hdfc ergo it's not percentage based, it's first 25k meaning I can claim only when the admissible claim crosses 25k - which I'm totally fine with, I'd rather shoulder the first 25k than take 20-30% of a few lacs
every insurer has some 20-40% co-pay based on what type of disease, pre-existing or not etc
only digit claims no co-pay
and for hdfc ergo it's not percentage based, it's first 25k meaning I can claim only when the admissible claim crosses 25k - which I'm totally fine with, I'd rather shoulder the first 25k than take 20-30% of a few lacs
Got it. That's why you premiums seem similar.
For younger folks without any PED, the premiums for HDFC Secure are almost twice of the others.
For younger folks without any PED, the premiums for HDFC Secure are almost twice of the others.
Which policy should you suggest to port to from this one in the HDFC family. Mine is currently 10l base * 4= 40 lac.
vaibhavpp0707
TF Premier
I am looking for HDFC Ergo optima Super Secure health insurance plan with 10 lacs sum insured. This plan is not for 1 or 2 years. But we need to take it for 3 years compulsory.
I am 27 years old and my wife is 24 years old. Both are having corporate plan so opting for 50k deductibles. So I am getting this at 36,473₹ for 3 years with all discounts.Yearly 12,158₹.
And this 10 lacs sum insured is seperate for both. And after 2 years with 5x it will become 50 lacs. So in total 1 Cr. Sum issured.
Should I go for this policy and please suggest me for 50k deductibles? Should I opt it?
Or I need to go with Secure 4x?
I am 27 years old and my wife is 24 years old. Both are having corporate plan so opting for 50k deductibles. So I am getting this at 36,473₹ for 3 years with all discounts.Yearly 12,158₹.
And this 10 lacs sum insured is seperate for both. And after 2 years with 5x it will become 50 lacs. So in total 1 Cr. Sum issured.
Should I go for this policy and please suggest me for 50k deductibles? Should I opt it?
Or I need to go with Secure 4x?
Last edited:
is there any room category cap?
no catch.. its true.. no one will use that level of coverage unless a very rare case.. hence it is cheap....
AnubhavJ
TF Neo
There is no catch, it will truly cover 4x.
However if you exhaust the additional cover in a year in won't be restored unlike base sum which can be restored once a year.
(Unlimited base sum restoration addon is there - if you only exhaust the base sum it can be restored again without affecting additional sum insured)
However if you exhaust the additional cover in a year in won't be restored unlike base sum which can be restored once a year.
(Unlimited base sum restoration addon is there - if you only exhaust the base sum it can be restored again without affecting additional sum insured)
