A hack to increase your insurance coverage by up to 60% at no additional cost –
Insurance companies reward you if you’re a healthy person and don’t see the insides of the hospital. They increase your insurance coverage by as much as 60% if you don’t make any claims.
This is called the No Claim Bonus and I’m sure many of you already know about this.
BUT…
What if you make a small claim, let’s say a simple appendicitis surgery which costs INR 60-70k. But the overall health insurance cover is INR 10 lakhs. That’s just 7% of the cover amount.
Some insurance companies are now saying that if the claim is less than 25% of the cover amount, they will let it go and still give you the NCB benefit. How kind of them 🙂
This is called NCB Protector.
➡️ Action item for you: Ask your insurer if they have this benefit. Also, check aggregator platforms like Policy Bazaar, Insurance Dekho, Acko etc and see if any insurance company have this. I know of one.
Let me know in the comment section 👇🏻
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