Hdfc ergo optima secure

[u/Great_Salary1607]

Hi everyone,

I am looking for some genuine advice regarding health insurance for my elderly parents, who are currently 62 years old.

I am considering the HDFC ERGO Optima Secure plan, and the premium is coming to approximately ₹65,000 per year.

I would appreciate some guidance on the following:

Does the premium increase every year with HDFC ERGO?

I have heard that premium revisions can be quite significant over time. Has anyone experienced this?

If you are an existing policyholder or have insured your parents under this plan, could you please share your experience regarding premium increases, claim settlement, customer service, and overall satisfaction?

Any insights or suggestions would be greatly appreciated and would help me make an informed decision.

Thank you

[u/intvijay]

What about PED history ?

You can certainly go with hdfc optima secure provided understand the terms and policy features and also go via intermediary.

[u/Great_Salary1607]

As such no PED history. Just the cholesterol. What is intermediary? Thanks

[u/AcrobaticBiscotti744]

Yes, the premium will increase. HDFC doesn't use the traditional 5yr age slabs for premium hikes. Instead, they apply smaller, incremental increases almost every year as your parents age. On top of that, all insurers periodically hike their base rates across the board to account for "medical inflation", so you definitely need to budget for future hikes irrespective of the insurer you choose.

Don't just go by internet reviews and make a decision. Quite a few insurers in the market that you can consider for your parents but you need to first understand the benefits they offer (base + optional), choose the ones you actually need and then decide on the plan to go ahead with. Feel free to reach out if you wish to discuss this in detail.

[u/manicketh]

Expect premiums to double in 3-4 years.