I am planing to take 5Lac deductible & 20 lac Sum ensured Super top up Health insurance.I have shortlisted Religare./Star Health/CignaTTK/HDFC Ergo/Liberty.REligare/Cigna TTK has premium of Rs 20,000/- while Star Health has Rs 10000/- approx.HDFC ERGO has RS 8500/- approx while Liberty has even less than this.There is no much difference in features.
My basic health insurance policy is of Star health family floater.
My Question is what is reputation of HDFC ERGO & Liberty INsurance?What are their Claim settlement ratio?Are they Reliable?Why there Premium is so less as compared to other three Insurance companies?
If your basic health insurance is with Star, then I suggest you to go for Super Top Up also with Star. It will be hassle-free at the time of claim settlement for you if your base plan and top up plan are with same insurer.
Never judge a product based on claim settlement. Regarding the premiums, it is completely left with the respective company to decide. Hence, hard to say any reasons related to their lower premium.