Now people don’t renew with their eyes closed! Changing companies to get cheaper and better plans, record broken

The Corona epidemic has taught us one thing very well – how important it is to have health insurance in life. This is not just a card, but the biggest financial support for our family in difficult times.

Perhaps this is the reason why this year a new record has been set in the country for purchasing health insurance and renewing old policies.

But this is not the real and most interesting story. The real story behind this record is a big one ‘shift’,

The change is that now the common man of India is not blindly renewing his same old policy every year like before. He has become ‘smart’ now.

They are saying ‘Tata’ to the old policy, ‘Hi’ to the new plan!

According to a recent report, a new and tremendous trend is being seen among the customers renewing health insurance. People leave their existing insurance company and go to other companies. New, cheaper and more beneficial plans Going towards.

This is just like we don’t stick with a 5 year old mobile phone, because we know that new phones with better features have come in the market at a lower price.

So why are people leaving their old insurance company?

1. Higher premium, lower benefits: Older health policies are often expensive and do not have many of the benefits offered today (e.g. OPD costs, option for more rooms).
2. New and ‘smart’ plans have come in the market: New insurance companies are now offering better and flexible plans at lower premiums to attract customers.
3. Now the child’s game has to change (Policy Portability): the biggest reason is ‘Portability’ Rule of. Now, just like you move from one company to another without changing your mobile number, you can also port your health policy. And the best part? All your old benefits, like Waiting period for chronic diseasesalso get transferred to the new company. You don’t have to start from zero.
4. The world became ‘digital’: Now on websites like Policybazaar, you can compare dozens of plans in one place, and choose the one that is best and cheapest for you.

This is not just a record that people are buying health insurance. This is a record of the fact that the Indian consumer has now become aware. He now not only buys the policy, but also knows how to get full value for his money. This is a beautiful picture of a changing, sensible India and one that knows its rights.