Hello Sir I have a company provided group health insurance , but every year during renewal the TPA(medi assist) remains the same but the insurance company changes, like this year it is Tata Aig , last year it was ICICI Lombard , I have been with the company for last 14 years , now I am planning to start my own business & quit the company , will I get any porting benefit if I go for retail policy .My Age -36. Regards Amit

Ans: Hi Sunil, there are policies in the market who will provide you with the said coverage within the said premium grid. You can contact us at 02248971018 to explore the plan details or connect directly with an insurer of your choice to know of the various policies and plan as per your requirement.

Ans: Hi Avichal, usually corporate health policies do not convert into individual policies unless stated otherwise.

I suggest that you buy an Individual Health Policy over and above the one provided by your employer.

In case you wish to resign, you will have another policy protecting you and while you are working you can claim your Corporate Policy, in case required.

Ans: Switching to National Insurance Company for your Mediclaim Policy can be a good option if they offer competitive premiums, comprehensive coverage, and efficient claim settlement. Compare the policy features, benefits, and premiums with Tata AIG to ensure it meets your needs and provides value for money. Review the policy details, network hospitals, and exclusions before making a decision. Consult a Certified Financial Planner for personalized advice.

Ans: I understand your concerns about the Click 2 Protect 3D policy and your desire for either more coverage or the ability to switch providers. Here's what you can explore:

Increased Premiums and Coverage:

Review your Policy: Carefully examine your policy document to understand the breakdown of the premium between term insurance (HDFC Life) and health insurance (ERGO). This will help you assess if the health coverage benefits justify the increasing cost.
Contact HDFC Life and ERGO: Reach out to both HDFC Life (for term insurance) and ERGO (for health insurance) to inquire about possible options for increasing your sum assured (coverage amount) within the existing plan. This might lead to a higher premium, but it would also provide greater financial protection.
Portability Limitations:

Combined Policy Challenges: You're right; combined term and health insurance policies like Click 2 Protect 3D can be difficult to port due to their integrated nature. While individual term insurance plans are generally portable, porting health components often faces challenges.
Alternative Solutions:

Consider Separate Policies: Explore the possibility of purchasing separate term life insurance (potentially with a higher sum assured) and a new health insurance plan from another provider that better suits your needs and budget. This might involve surrendering the Click 2 Protect 3D policy, but it could offer more flexibility and potentially lower costs in the long run.
Negotiate with HDFC Life and ERGO: You could try negotiating with HDFC Life and ERGO to see if they can offer a more competitive premium or increased coverage within the existing plan.
Here are some additional tips:

Compare Online Quotes: Use online insurance comparison platforms to get quotes for separate term life and health insurance plans from different providers. This can help you compare coverage options and premiums.
Focus on Needs, Not Just Cost: While cost is important, prioritize getting adequate coverage for your term and health needs. Don't compromise on coverage just to get a lower premium.
Remember:

Carefully review the terms and conditions of any new policy before purchasing.
Consider factors like your age, health condition, and family needs when determining your required coverage amount.
By thoroughly evaluating your current plan, exploring alternatives, and comparing options, you can make an informed decision about whether to adjust your Click 2 Protect 3D policy or switch to separate plans for better coverage or affordability.