Infographic - Increase in lifestyle disceases at certain age bands and medical cost. Buy early to manage Waiting period
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Gif showing life cycle and insurance needs at each milestone
Individual plan covers only 1 person whereas in a family floater plan you can cover Yourself + Spouse + Parents + Children
Benefits : One policy for family / cost benefit of buying one policy instead of multiple individual policies
Pointers to be considered when buying a health insurance policy
claim settlement ratio is the ratio of claims paid out of the total number of claims received by an insurance company during a financial year. It is one of the most reliable factors that indicate if an insurance company handles the claims of the customers well or not.
Exclusions are the conditions for which the insurance company does not provide coverage. Some exclusions are permenant and some have a waiting period. When buying you should read the exclusions carefully
Room rent capping is the limit of hospital room cost that is borne by the insurance company. This capping can either be a whole figure that states how much room rent expenses are paid by the insurer or as a specific percentage of the sum assured.
This product does have room rent capping
These are the hospitals at which you can avail cashless health insurance service in case you get treatment which is subject to the terms and conditions associated with the policy. It is critical for cashless claims. Niva Bupa has 9600+ network hospitals. Click here for full list.
The portion of the medical expense that a policyholder needs to pay when he receives medical services. Co-payment is fixed amount or percentage which is preset for various treatment and services.
In this policy the applicant can choose from 0%. In case of multiple policies co payment option helps reduce premium.
Yes you can cover Ayurveda, Yoga, Unani, Siddha and Homoeopathy. This can be claimed as reimbursement and on 24 hr hospitalization
Yes, (Day 1) For defined list of tests; up to INR 500 for every INR 1 Lac Base Sum Insured. (Individual: Maximum INR 5,000 per Insured; Family Floater: Maximum INR 10,000 per policy).
No claim bonus or NCB in health insurance is bonus money added in the sum insured for every claim free year. It is like a reward that policyholder receives for claim free year.
10% increase max. up to 50% SI; Optional Cover NCB Super - SI increase by 60|60|10|10|10% in 5 claim-free yrs; Total 150% of SI
Restoration benefit is a benefit wherein the insurance company restores the original sum insured after it gets fully exhausted for the treatment of the illnesses.
ReAssure Forever (Part of ReAssure+)
<< Unlimited (up to SI) and forever >>
NA
30 days waiting period
Specific illness waiting period 24 months
PED waiting period 36 months
NA
Coverage for New born : NA
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