Hdfc Ergo Optima Secure Health insurance

[vaibhavpp0707]

buy 50 L you have a long life ahead.. will never need another cover.. i understand what you are saying.. 3x is only when you buy for 3 yrs everytime.. 1L deductible is risky.. rest your decision.. best wishes..

Base cover is something that is there with you for life. Other multipliers are special offers that can change over time and as and when product benefit changes. If for some reason you want to port out your policy they will always look at the sum assured.

With 50k Deductible 40% and with 1 lac deductible 50% discount in premium is offered. Opinions are divided on this, however if you can afford full premium you should go for it. Remember deductibles are on the amount approved by claim settlement and it might be less than total cost incurred on treatment.

Thank you for your inputs and guidance. Will go for Max cover I can opt and also 1 lacs deductible is not a good idea if it's on approved amount and not total amount.

 

[kaykayporty]

yes.. speak to them during renewal

I made the payment for 2 years.

Also, is 15L cover enough for a tier 1 city?

 

[Zacobite]

I made the payment for 2 years.

Also, is 15L cover enough for a tier 1 city?

50L is minimum recommended, take it when you can, once some condition kicks in getting insurance is difficult

 

[Dragon_slayer]

If I will take 20 lacs base cover it will become 5x after 3 years that is 1 Cr. That's why I am opting for 20 lacs

Not much difference in 20L and 50L price. Better to go for higher value one

 

[Dragon_slayer]

They also compensate a health test upto 5K every year on 50L plan. So technically your actual cost comes even lower

 

[punrziq]

By how much premiums increase during renewal?

 

[Deleted member 9785]

They also compensate a health test upto 5K every year on 50L plan. So technically your actual cost comes even lower

ye na ho ki bad health reports dekhke premium bada de renewal me

 

[bigbyte]

While taking any Health Insurance, Don't compare the premium what you are going to pay now. Always compare premium applicable at the age of 55+. This is the age when you'll require health insurance most and a heavy premium burden is not going to be easy.

Many Insurance providers design their products in such a way that premium is lower for the age 30-45 but increases exponentially for age 55+. So while comparing insurance premiums between two companies/ two products, consider this as well.

 

[punrziq]

While taking any Health Insurance, Don't compare the premium what you are going to pay now. Always compare premium applicable at the age of 55+. This is the age when you'll require health insurance most and a heavy premium burden is not going to be easy.

Many Insurance providers design their products in such a way that premium is lower for the age 30-45 but increases exponentially for age 55+. So while comparing insurance premiums between two companies/ two products, consider this as well.

But even if we ask today there’s no guarantee that the premiums will stay low after 30 years

 

[bigbyte]

But even if we ask today there’s no guarantee that the premiums will stay low after 30 years

Not like that.
Suppose company A offers a product with premium 100 @ 30yrs and premium 500 @60yrs
Company B offers similar product but premium is 125 @30 yrs and premium 400@60yrs.

Both companies might increase premium but the difference is likely to be the similar percentage. Of course no guarantees.

 

[Dragon_slayer]

ye na ho ki bad health reports dekhke premium bada de renewal me

Bhai health important h ya premium

 

[Deleted member 9785]

How is premium increase now a days ?

 

[bigbyte]

How is premium increase now a days ?

No one can predict Premium Increase but Optima already has high premium so further increase is unlikely as they will be out due to competition.

Also HDFC Optima has increasing premium rates for every age, not same rate for any particular age band.

 

[Dragon_slayer]

How is premium increase now a days ?

Ask Ditto team

 

[rogerthat]

buy 50 L you have a long life ahead.. will never need another cover.. i understand what you are saying.. 3x is only when you buy for 3 yrs everytime.. 1L deductible is risky.. rest your decision.. best wishes..

Hi is talking deductible risky in all cases or just here? Isn't taking deductible beneficial if you already have employer insurance of a basic amount (say, 3L) that you can use for all basic treatment?

 

[Zacobite]

Hi is talking deductible risky in all cases or just here? Isn't taking deductible beneficial if you already have employer insurance of a basic amount (say, 3L) that you can use for all basic treatment?

deductible is not risky.. the 1L is risky as you may not always have corp insurance and for most basic claims they are between 1-2 L so you will pay much more.. 20k deductible is reasonable.. its situational...

 

[bigbyte]

deductible is not risky.. the 1L is risky as you may not always have corp insurance and for most basic claims they are between 1-2 L so you will pay much more.. 20k deductible is reasonable.. its situational...

Correct, The deductible options are 25k/50k and 1lac for 25%/40% and 50% discount receptively on premiums. In my view 50k for 40% discount hits the sweet spot.

 

[poseidon07]

I have optima secure for my wife and I.

 

[rogerthat]

deductible is not risky.. the 1L is risky as you may not always have corp insurance and for most basic claims they are between 1-2 L so you will pay much more.. 20k deductible is reasonable.. its situational...

Okay... I just inquired and was told that any deductible set will remain in place for 5 years. She said if I am confident that I will have corp insurance coverage for next 5 years go for the deductible...

Also, the post-deductible claims by HDFC Ergo will not be cashless but reimbursement based.

 

[bigbyte]

Also, the post-deductible claims by HDFC Ergo will not be cashless but reimbursement based.

HDFC doesn't says this in policy wordings, and if it is a hidden clause it is very wrong.

And yes, once you opt in for deductible, you can not opt out before 5 years.