HDFC Ergo withdraws 3 health insurance policies: How will it impact policyholders? Will premiums increase?
Published by Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar, founder of SahajMoney, said most withdrawn variants match the replacement plan on features, suggested exploring porting at least 45 days before renewal for a higher no-claim bonus, and linked the move to product consolidation.
More of Abhishek's views on insurance
Economic Times explains HDFC Ergo's withdrawal of three variants of one of its health insurance plans, which can no longer be bought or renewed. It sets out the migration route for policyholders renewing on or after 7 August 2024, with bonuses and continuity benefits carried over, compares the old and new plans' features, and notes the option to port at least 45 days before renewal. It includes comments from Abhishek Kumar.
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HDFC Ergo withdraws 3 health insurance policies: How will it impact policyholders? Will premiums increase?