00:00The largest private bank in the country, SDFC Bank's general insurance company, SDFC Ergo,
00:07is going to make a big change with its health insurance Optima Restore insurance policy premium.
00:14People associated with this policy may find it to be a big shock.
00:18It will also have an impact on their pockets.
00:21So, on what basis has this decision been taken?
00:24And why is such a change being made in the premium?
00:27We will tell you about all this in this video.
00:30The company has emailed all its policyholders and given this information that
00:34the inflation rate of treatment in India is the highest in Asia.
00:39It has reached 14%.
00:41And seeing this, SDFC Ergo is going to increase the premium rate of its health insurance Optima Restore insurance policy from 7% to 12%.
00:53Prior to this, in the month of August, SDFC Ergo increased its premium for its major health insurance products Optima Secure and Optima Restore.
01:01And the reason behind this was that SDFC Ergo took back its three insurance plans from the market.
01:08The health insurance policies that SDFC Ergo took back include three different variants of My Health Suraksha plans.
01:15The company took back My Health Suraksha Gold, My Health Suraksha Platinum and My Health Suraksha Silver plans.
01:22It should be noted that there were four variants of SDFC Ergo in the market.
01:25The company continued its fourth variant, Koti Suraksha.
01:29The company said that after August 7, 2024 or after that,
01:33the new health insurance plan of the company can be shifted to the SDFC Ergo Optima Restore plan.
01:42The company also clarified that if a customer has received a bonus on the three policies that have been closed,
01:50then it will not be a loss for them to shift to the new policy.
01:54Their bonus will be transferred on the occasion of the renewal of the new policy.
01:58Not only that, customers will continue to get access to all the hospitals that they have received under their previous policy.
02:04The features of these policies are almost the same.
02:07In this case, there is no hope of a lot of effect on the premium of the customers.
02:11Here, according to the guidelines of the Insurance Regulatory and Development Authority of India, i.e. IRDAI,
02:17SDFC Ergo said that according to its underwriting guidelines,
02:21all existing policyholders will be provided with the option of policies such as Optima Secure and Arogya Sanjeevani with senior citizens.
02:29But apart from all this, SDFC Ergo did not say any reason to discontinue these policies.
02:35The information of the insurance sector says that the treatment has increased rapidly in expenses.
02:40At the same time, insurance companies have reduced the waiting period for existing diseases from 4 years to 3 years from April this year.
02:49Due to these two reasons, the premium of the insurance policy has increased.
02:52In health insurance, the waiting period is the period for which you have to wait before getting the benefit of insurance.
03:00In the pre-existing condition, the meaning of the maximum waiting period is that
03:04if you are already suffering from a disease, then you have to wait for a certain waiting period to end in health insurance before claiming any benefit.
03:14Apart from this, if we talk about other companies, then Health and Allied Insurance has said that
03:19it is planning to increase the premium of 10-15% for its 30% products.
03:25Nivabhoopa is increasing the premium for its health companion, one of its oldest products.
03:31The country's largest insurance company, New India Insurance, has increased the premium by 10% for some of its products, which will be active from November this year.
03:40In this case, the increase in the premium of the insurance policy should not keep the common people away from the insurance policy.
03:48So what is your opinion on this news? Tell us in the comment box and share this video with your family and friends.
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