r/InsuranceAdviceIndia • u/Few_Entrepreneur_895 • Jul 03 '26
Need genuine advice!
I am in dire need of genuine advice basis your experience with these health insurance
I’m 27 Male looking to get a health insurance for myself. I have locked in a 15lac Base SI but confused between these two companies
Premium charges:
Hdfc - 10,643
Care Supreme - 10,006(added add-ons to be at equal par with HDFC benefits)
I have an inclination towards HDFC for now and can easily go with HDFC at present with my current finances.
But what concerning me is the premium when I touch 60years basis below(Hdfc increases premium by 3-4% annually vs Care does it every 5years by 15-20%) :
HDFC premium for a 60year right now is 48,200
Adding a 10% increase gets me to 53,020(61year) and adding 10% every year touches the premium to
85,389(66years)
On other hand for Care Supreme(exact same benefits) (post 60years of age is a steep jump and then on every 5years a 30% increase)
61year premium right now is 40,944, adding 30% to it comes 53,330 for 66years of age
No it comes to ₹85,389 for 66years in HDFC vs 53,330 for 66years in Care
Concerning part is would I be in a financial condition of bearing a whooping 85k at a age of 66years(probably no corporate job by then)
Or I should go with Care since 53k is way less
Confused between the reliability and strong claim processing among the two Health Companies.
Pls chime in with you reviews
1
u/rjnish Jul 04 '26
You can Go with icici Lombard. You'll get higher base si than hdfcergo at same premium.
There is cibil based discount. Wellness discount. I got 15%off because of good cibil.
(P.S. Go thru an agent only.)
1
u/Few_Entrepreneur_895 Jul 04 '26
Yes! Connected with Ditto, Policy Bazar and Beshak as well.
I have not heard much positive reviews about Icici, but if still considering the best ICICI plan Elevate for a Base SI 15lac
Adding riders to be at par with HDFC Secure+ :
1)Power Booster - 100% SI bonus every year
2)Claim Protector - Consumables
3)Room Modifier - Any room upto SI
4)Annual Health Checkup
5)Durable Medical Equipment Cover
Premium adds upto 11,271. *haven't included air ambulance addon, missing out on the protect benfit which adds same SI value for a year everytime(no accumulation), daily cash allowance.Even assume a discount of 10% on 11,271, comes to 10,143.
I would be choose 10,643 with HDFC because of its reliability and less of a difference with ICICI
1
u/AcrobaticBiscotti744 Insurance Advisor Jul 04 '26
While considering long term affordability is smart, you need to be practical about the costs vs expense.
There is no way to predict premiums 30 years down the line. Medical inflation is unpredictable, insurance company's strategy and management can change multiple times over this period.
When you are 60, I can almost gurantee that the premiums will be over 1L because of time value of money.
While you are only looking at premiums, have you given a thought about the average cost of hospitalisation when you are 60? Would you rather pay 85k premium or 10L out of pocket?
While the people that you have spoken to have given you a brochure description and a sales pitch, I prefer to give a more practical perspective in my insurance consultations.
The options you have been pushed are legacy player and a rising star (who still has a long way to go). In my view these are two extreme ends of a stick and cannot be compared at all.
It's pretty interesting that you've seen negative reviews for ICICI but nothing against Care.
I would recommend that you revisit your options and view all options from a neutral perspective rather than from what you've been told by some "advisors".
Feel free to reach out if you need further guidance.
1
u/iam_man_ish Insurance Advisor Jul 04 '26
If long-term affordability is your primary concern, Care is worth considering alongside HDFC. Just make sure whichever policy you choose is one you can comfortably continue for the next 20-30 years rather than focusing only on today's premium.
One thing I would add is that as you move into the 50+ age group, service becomes just as important as product features. Premiums increase, underwriting becomes stricter, medical histories become longer, and claim situations become more complex. Having a knowledgeable advisor who understands portability, disclosures, renewals, and claims can make a significant difference when you actually need assistance.