Feeling tensed due to huge COVID-19 related treatment expenses? … Fear of exhausting sum insured of your health insurance plan as multiple family members may need treatment for Covid-19?
Now you don’t need to worry, because India’s leading standalone health insurance provider i.e. Max Bupa Health Insurance has come up with a Brand New “Max Bupa ReAssure Health Insurance Plan” which will give you complete coverage not only against COVID-19 but for all medical needs. This is a truly 100% cashless product with unlimited sum insured benefit.
Since, the mission of Max Bupa Health Insurance is to help their customers live healthier and more successful lives, they are ensuring to provide reassurance at every step through this New “Max Bupa ReAssure Health Insurance Plan”
Six Key Features of Max Bupa ReAssure Health Insurance Plan:
1.ReAssure – Unlimited sum insured which triggers with the first claim itself. Customers can claim for any illness or any family member covered during a policy year as many number of times as they want. A single claim under ReAssure benefit will be payable upto the base sum insured amount. For example – In a family, if multiple people get infected by Covid-19 or are suffering from same or different illness, they can make unlimited number of claims, and their sum insured will never get exhausted
2. Truly cashless product – Option of ‘Safeguard Benefit’ which covers non-payable items like PPE kits, gloves and more
3. Booster benefit – Doubles the sum insured in just 2 claim free years. Moreover, in case a claim is made only for COVID-19 in a year, there will be no impact on Booster Benefit which means sum insured will not be impacted and will still increase by 50%; up to a maximum of 100%
4. Inflation protection – Option of ‘Safeguard Benefit’ also provides coverage against inflation; wherein the base sum insured increases every year on cumulative basis, based on CPI inflation rate. Additionally, Safeguard benefit also protects booster benefit with no impact if claims in a year are upto INR 50,000
5. Live healthy benefit – Get up to 30% discount on renewal premium simply by taking daily steps which will be monitored through the Max Bupa Health Application
6. Comes with only 15 days initial waiting period for COVID -19 related hospitalization
Coverage under Max Bupa ReAssure Health Insurance Plan:
Max Bupa ReAssure plan also encourages people to monitor their health by offering health check-up from day 1. Further, Max Bupa understands that advancements are being made in the medical world and therefore ReAssure gives freedom to customers to select modern treatments.
Besides covering pre and post hospitalization expenses, ReAssure will also cover all types of day-care treatments including angiography, dialysis, and radiotherapy. The ReAssure product also extends benefits such as Organ donation, alternative treatment like AYUSH, home-care treatment for dialysis and chemotherapy, second-medical opinion and much more.
Some pointwise coverage details are as under:
1. Inpatient Care – Coverage for all medical expenses one could generally incur at the time of hospitalization, including room rent coverage with no capping, to medical practitioners’ fees, investigative tests, medicines, OT charges and many more.
2. Pre- and Post-Hospitalization Expenses – Coverage for pre and post hospitalization expenses up to the sum insured, 60 days prior and 180 days post hospitalization.
3. Modern Treatments – Coverage for modern treatments like deep brain stimulation, oral chemotherapy to robotic surgeries and stereotactic radio surgeries, stem cell therapy and more.
4. Day Care Treatment – Coverage for medical expenses incurred during any Day Care Treatment requiring more than 2 hours of hospitalization, including angiography, dialysis, radiotherapy and more.
5. Alternative Treatments – Coverage for inpatient treatment under AYUSH that allows you to opt for Ayurveda, Unani, Siddha, and Homeopathy treatments.
6. Living Organ Donor Transplant – Coverage of all medical expenses for organ donor’s in-patient treatment for harvesting of the organ donated.
Coverage Beyond Hospitalization under Max Bupa ReAssure Health Insurance Plan:
Max Bupa is not restricting their plan only till hospitalization, but they are even giving assurance of caring beyond hospitalization, such as:
Why you Should Opt for Max Bupa ReAssure Health Insurance Plan:
ReAssure Health Insurance plan promises three things which are particularly relevant in times of COVID 19 –
Covid-19 has led to a manifold increase in awareness and demand for health insurance. Max Bupa conducted a Covid-19 survey recently which shows that 71% people now realize the benefits of health insurance and 57% of people have a strong preference for comprehensive health insurance plans for protection against any unforeseen medical emergencies. Given the features being offered, we strongly believe that this product will help customers realize the true benefits of health insurance during COVID 19 and beyond.
Following are the additional benefits/ discounts:
1. Shared Accommodation Cash benefit – In case of shared room accommodation during Hospitalization in a Network Hospital, a daily cash amount is paid to the insured person for each continuous and completed period of 24 hours of hospitalization. Minimum period of 48 hours of continuous hospitalization is required.
2. Family discount – Get 10% discount on premium if 2 or more members are being covered under an individual policy.
3. Doctor discount – Offering an additional premium discount of 5% if an insured person is a certified medical practitioner.
4. Tax Savings – Income tax* benefit upto INR 42,744 under the Section 80D of the Income Tax Act, 1961
5. Tenure Discount – Get a discount of 7.5% on the premium of the second policy year if you pay for a 2-year policy term in advance, and an additional 15% discount on third year’s premium if you choose a 3-year policy term.
6. Standing Instruction discount – Get 2.5% discount on renewal premium if standing instruction for auto debit is provided and the policy is renewed using the same.
7. 15-Day Free Look Period – You get the freedom to change your decision of continuing with the policy within a period of 15 days (30 days if the policy with Policy Period as 3 years has been sold through distance marketing).
How Discount Policies of Max Bupa will help to maximize your Savings?
One of the attractive features of the Max Bupa ReAssure Health Insurance Plan is its Tenure as well as Standing Instruction discount. But exactly how it will help the insured person to maximize their savings? Following illustrations will give you a better understanding of the same.
At the end to summarize, we just want to say that India is one of the most under-penetrated health insurance markets globally, with people either having no health insurance cover or being inadequately covered. Considering this, Max Bupa has launched ReAssure which has the potential to revolutionize how people perceive and utilize health insurance in the country. Each product benefit has been conceptualized with the intent that every customer is adequately covered at any given point in time. Max Bupa acknowledges that people want to be financially secure in these difficult COVID-19 times, hence they have designed a truly cashless product that will ensure that there is no financial burden on customers once they opt for this policy.
So, let’s take one step towards our healthier life and obtain the maximum benefit of Max Bupa ReAssure Health Insurance Plan, because it will keep giving us more & more!!