Need Expert Advice?Our Gurus Can Help

Insurance Expert - Answered on Jun 10, 2022

Sanjib Jha is the CEO of Coverfox Insurance. His expertise includes health and auto insurance. He has over 22 years of experience in the financial sector. He has completed his post-graduation from the Institute of Company Secretaries of India.... more

Question by R on Jun 10, 2022Hindi

I am 73 (DOB 10-07-1949). I had an open-heart surgery in Sept, 1999.

I have an Oriental Insurance Co. health insurance family floater for self and wife for 5L. They did not increase the amount to 10L. I am looking for only self or family floater Health Insurance for 5L OR TOP UP for 5L. Please advise if possible and to contact which Co.

Ans: Hi Mr. Mittra, your existing insurer will not increase the coverage to Rs 10L given your risk profile. In this case, you can purchase a new policy from another insurer that will provide you with an additional sum insured. However, few insurers will assess your risk profile and accordingly provide you with issuance and there are few insurers who will easily provide you with the required coverage keeping the pre-existing diseases in the exclusion list.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

MoneyReply

You may like to see similar questions and answers below

Sanjib Jha | Answer |Ask -Follow

Insurance Expert - Answered on Sep 23, 2022

Question by R - Sep 23, 2022Hindi

I am 73 (DOB 10-07-1949). I had an open heart surgery in Sept., 1999. I am taking blood thinner otherwise ok. My wife is 66 (DOB 13-09-1956). She has no problems. I have a 5L Family Floater health insurance from Oriental Insurance - Bank Saathi Policy at an annual premium of about Rs. 35,000 for self and wife. Since in these days this is not sufficient, I want another policy for 5L or Top Up for 5 / 10 L for self and wife. Please advise an honest suitable minimum cost affordable policy since I have limited capacity to pay because my life time savings in Punjab & Maharashtra co-op Bank Ltd., Mumbai, has been looted by bank Management, Senior Employees, HDIL Construction Co. (Wadwhans), RBI, Politicians and Govt. Another point. Earlier I had policies with National Insurance, New India Insurance and Oriental Insurance from my Bank tie-up but one after the other they broke the tie up with Banks and offered their direct policy raising annual premium from 11,000 to 43,000 (National Insurance) and others also on same lines because they follow dishonest business policy and just want to loot the common man. How anybody can afford such increase after 8 years with Govt. co. insurance Policy? IRDA is also on their side being dishonest. Not only private but Govt. cos. are also dishonest, corrupt and want to kill the common man.

Ans: Hi Mr RN Mitra, sorry to hear about your condition, wish you good health and recovery.

As far as the top up plan is considered, given your age and pre-existing diseases, your risk profile is high and most insurers may not be able to offer Super top up plans.