Health Insurance Policy – Review Needed

POSTED BY amitm79 ON January 10, 2012 7:19 pm COMMENTS (8)

I have BOI National Swasthya BIMA policy with cover of 5L at an anuual premium of 6300. How does this policy stack up against other mediclaim policies available in the market? I have renewal coming in a month’s time and can port it to another one if it is not good.

8 replies on this article “Health Insurance Policy – Review Needed”

  1. Sumit says:

    Hi Amit,

    I am not that known to this policy but I have a policy that covers up to 13 relationships in the family. Its named as Hearbeat Family First by Max Bupa Health Insurance. Here check this link for details http://www.maxbupa.com/ForYouYourFamily/Heartbeat/FamilyFirst.aspx. I will recommend you to check this as well.

    1. amitm79@yahoo.com says:

      Answering after a while. I have been hesitant of private health insurers because the increase in premium after a claim will be steep. This might be totally my perception. This has got formed based on other’s posts on how there premium was increased significantly after a claim.

      1. Dear Amit, no matter which insurer you opt to, once a claim is there, the renewal prem. ‘ll be very high.

        Thanks

        Ashal

  2. Subbu says:

    Hi Amit,

    I also do have the same policy on same lines.

    Have u heard about any claims experience. Curious to know

    1. amitm79@yahoo.com says:

      No heard on it but shouldn’t be bad considering it is a PSU company.

  3. Dear Amit, keeping the age of the 3 persons covered in the policy in mind & the sum assured, it’s a a good policy. Please continue with it. Please do note in this policy renewal is allowed till age 80 (if you maintain the account with BOI & the prem. loading ‘ll be 25%) so in a sense this is also good.

    Thanks

    Ashal

  4. amitm79@yahoo.com says:

    The policy covers self (32), Wife (31) and Son (3).

  5. Dear Amit, are you the sole beneficiary of this policy or you & your family members are covered under this plan?

    Please clarify. Please do quote your age also.

    Thanks

    Ashal

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