Hello,
From past 5 years I was buying ICICI lombard health policy for my mother (Past premium – 9000 for 3 Lac & current age – 63). Recently I got a letter stating the ICICI product has been taken out and I was given an option to ”choose” another plan with premium = 27000.
This is too high premium, I checked online and zeroed in to L&T insurance\’s ’Medisure Classic plan’ with Premium = 15780 for 4 Lac, they were giving a rider of double cover i.e. 8 Lac for any of the 9 critical illnesses (each critical illness covered only once). My question is will it be wise enough to shift to L&T, as this is a relatively newer player in the market and also will they port in my existing benefits i.e. waving off waiting period for pre-existing as I am porting in from another insurer, where I renewed for 5 years.
Kindly advice. Thanks,
Vishal