CyberPsych
TF Ace
I will bu through Policy bazaar when HDFC doesn't allow me to pay through apay balance. I see same premium in both sites. I have already loaded amazon wallet.He is probably the one and only person who paid via Apay
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Hdfc Ergo Optima Secure Health insurance
- Thread starter Sherwin
- Start date
Let us know how it goes
CyberPsych
TF Ace
Sure I will
Master Chief 117
TF Select
How much is the total premium difference when paying monthly premium instead of full premium upfront while buying Optima Secure 3 year plan ?
The biggest difference is that you lock your premium for 3 years.
Generally it increase 5-8% each year. In covid it jumped like 20-30%
CyberPsych
TF Ace
Does all health insurance providers increase their premium every year by this percentage?
Master Chief 117
TF Select
No, this is not what i wanted to ask. Let me ask again with an example My friend (Age 26) bought Optima Secure 3 year plan of 10L base cover
Total cost of 3 year plan was ₹42737 paid ₹6411 upfront remaining ₹36326 was converted to EMIs. So now he will be paying ₹1513 for 30 months, so the total cost of 3 year plan went from ₹42737 to ₹51801 so he will paying extra ₹9064 in monthly premium instead of full premium upfront
He bought through agent and his EMI was sanctioned through Fibe Loan
I want to know this is how it works if we choose to pay monthly premium instead of full premium upfront for a long term plan like in this case.
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