An agent is offering me a group health insurance for me & my family. Shall i take it?

POSTED BY Mr.Nilesh ON December 13, 2014 4:33 pm COMMENTS (3)

Hi everyone.

As per agent he is going to include me(with parents) in a company’s group & we can avail all group health insurnce benifit.

He’s giving Oriental health insurance. for 3Lacs health cover yearly premium 13425/- for me & my parents.My current age is 25.All preexisting diseases will cover after 1 year(my parents have diabetese & hypertension).

Shall i take this “group insurance”  or opt for personal health insurance

Please reply

Thank you!!

3 replies on this article “An agent is offering me a group health insurance for me & my family. Shall i take it?”

  1. MahavirChopra says:

    Please don’t.

    Group Policies apart from being unpredictable, are not allowed to be sold like this agent is selling.

    Premiums for Group Policies can change every year, depending on the claims experience. Looking at the way agent is selling it “claim in one year scheme” types, it seems this policy will attract too many claims too early.

    In my last 10 years of experience in Insurance industry, I have seen way too many con-schemes which have the word “Pre-existing covered” or “Maternity covered from day 1” attached to them.

    Such schemes die after a few years, leaving the Insured members uncovered. There is NO LIFETIME RENEWABLE GUARANTEE in such policies.

    Mahavir Chopra from Coverfox.com

  2. yogeshanand.mca says:

    as parents are covered tht why premium is high..check claim settlement ratio of company before taking insurance

  3. sharath Mumbai says:

    Premium seems to be high.
    I have taken Oriental for me, my wife, kid, and parents combined 7 lakhs for 20,837
    Please check the premium on some policy comparison sites and take a call.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today