Yes – most of us assume or believe that PSU Insurance
Premium will always be lower – is it a truth or is it a myth? With entry of
many insurance companies in last 12 years we find that this assumption is not
valid.
Family
Floater Mediclaim Policy (2+1 Adults)
|
|||
Insurance Company
|
Apollo Munich
|
Religare
|
Oriental
|
Product Name
|
Optima
|
Care
|
Gold
|
Sum Insured (Rs.)
|
10 Lakhs
|
10 Lakhs
|
10 Lakhs
|
Age
|
|||
41
|
14150
|
||
37
|
2830
|
||
8
|
2130
|
||
Net Premium
|
14258
|
15192
|
19110
|
Service Tax 12.36%
|
1762
|
1878
|
2362
|
Total Premium
|
16020
|
17070
|
21472
|
You will notice that for a family of 41, 37, & 8 with
sum assured (family floater) of Rs.10 lakhs the premium is:
Company
|
Premium Amount (Rs.)
|
Higher than Apollo Munich
by %
|
Apollo Munich
|
16020
|
-- --
|
Religare
|
17070
|
6.55%
|
Oriental
|
21472
|
34.03%
|
Therefore we come to the conclusion that one should consider
various options before going in for selection of any insurance policy.
No comments:
Post a Comment