I am planing to take 5 Lac deductible & 20 lac Sum ensured Super top up Health insurance. I have shortlisted Religare./Star Health/CignaTTK/HDFC Ergo/Liberty. Religare/Cigna TTK has premium of Rs 20,000/- while Star Health has Rs 10000/- approx. HDFC ERGO has RS 8500/- approx while Liberty has even less than this. There is no much difference in features.
My basic health insurance policy is of Star health family floater.
My Question is what is reputation of HDFC ERGO & Liberty Insurance? What are their Claim settlement ratio? Are they Reliable? Why their Premiums are so less as compared to other three Insurance companies?
Besides going through the Features, suggest you to kindly go through the Policy wordings, Policy Exclusion document & brochures as well.
Each Insurer has their own way of Underwriting the risk and Pricing strategy.
Related articles :
- Top Up Health Insurance Plans – Super Top Up Health Insurance Plans – Details & Benefits
- HDFC Ergo my:health Medisure Super Top Up Health Insurance Plan : Features, Benefits & Review
- Latest Health Insurance Incurred Claims Ratio 2016-17 | IRDA Annual Report
- Health Insurance Tax Benefits (under Section 80D) for FY 2018-19 / AY 2019-20