A valid question. At ottonova you will find many aspects that make typical start-ups so attractive: We are passionate about our ideas and want to initiate change. We are innovative, agile and different. So why not cheaper than the established players?
Our tariffs are quite competitive, but may not be as cheap as you would expect from a young company. There are mutliple reasons for this. On the one hand, we operate in the same insurance market as the established insurers. The same conditions apply to us. The Federal Financial Supervisory Authority (BaFin) strictly controls whether we meet the expected quality standards. It is therefore impossible and also not useful to bring a cheap "start-up variant" to health insurance on the market.
On the other hand, we want to guarantee the most stable contributions for you. If we were to lure with extremely low tariffs at the beginning, that would simply not be fair. Because these could not be sustained in the long run: the result would be a significant premium increase. As a digital company, we save a lot of costs. Our lean structure and automated processes contribute to this. But with health insurance, that's only half the battle. The current interest rate also plays a role. We have calculated our premiums with a discount rate of 1.25%. This is not particularly risk-taking, but it is realistic. The result is a future-proof tariff that will accompany you throughout your life.
Convince yourself with our savings calculator.