Pls tell me i had opted for hdfc ergo health insurance is it good and i heard that no policy claim will be rejected after 8 ys of continuos renewals is it true??

Ans: I do not know what is your exiting coverage for the base plan. But if you wish to buy additional health insurance cover in addition to the base policy, you may opt for super top up. For example, if you want a health insurance coverage for 20 lakhs, but the base policy is offering you only 8 lakhs, then by adding 12 lakhs super top up will help. First the expenses will be withdrawn from the base policy. Once this gets exhausted, you start taking benefits from super top.

Ans: Managing Life and Health Insurance: A Comprehensive Guide
Your concerns regarding life insurance and health insurance are valid, and addressing them is crucial for your financial well-being. Let's explore your options and provide guidance on managing your insurance policies effectively.

Assessing the HDFC Life Insurance Policy
Understanding Policy Terms
Review the terms and conditions of the HDFC Life Insurance policy to understand the cancellation and refund policies.

Policy Cancellation
Contact HDFC Ergo Life Insurance to inquire about the possibility of discontinuing the policy and whether any refund is applicable.

Refund Eligibility
Evaluate the refund eligibility criteria based on the policy's surrender value and the duration of premiums paid.

Exploring Health Insurance Options
Family Health Insurance
Research and compare various health insurance policies available in the market to find the most suitable option for your family of three.

Key Considerations
Consider factors such as coverage amount, premium affordability, network hospitals, claim settlement ratio, and policy features.

Recommended Health Insurance Providers
Research reputable health insurance providers in India known for their comprehensive coverage and reliable services.

Crafting a Health Insurance Strategy
Coverage Requirements
Assess your family's healthcare needs and determine the optimal coverage amount required to safeguard against medical expenses.

Customized Policy
Customize your health insurance policy to include coverage for critical illnesses, pre-existing conditions, and other specific requirements.

Premium Affordability
Choose a health insurance policy with a premium that aligns with your budget while providing adequate coverage.

Benefits of Regular Funds Investing through MFD with CFP Credential
Disadvantages of Direct Funds
Direct funds require active management and market knowledge.

Investors may lack expertise in fund selection and portfolio management.

Benefits of Regular Funds Investing through MFD with CFP Credential
Working with a Certified Financial Planner ensures personalized guidance and expert advice.

MFDs provide tailored investment strategies aligned with your financial goals and risk profile.

Conclusion
Managing insurance policies effectively is essential for financial security and peace of mind.

Evaluate the options for discontinuing the HDFC Life Insurance policy and explore refunds if applicable.

Research and select a comprehensive family health insurance policy from reputable providers.

Consult a Certified Financial Planner for personalized guidance on insurance management and financial planning.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: Hello;

You may check out Niva Bupa Aspire Titanium and Bajaj Allianz offerings too before signing up.

Best wishes;