Health Companion: The Perfect Senior citizen Health Insurance Plan.
In the senior citizen market, the absence of co-pays, Major cappings, and deductibles, as well as the lack of age restriction, makes it stand out.
Health companion is an insurance plan from Niva Bupa Health Insurance Company Limited.
In essence, this plan is not marketed as an elderly plan. As there are very good plans in the Indian insurance market for people up to 65 years of age, and there is no entry age restriction for the Elderly in Health Companions, this is a good option for people over 65 looking for health insurance with no major deductibles, co-pays, or Adverse capping.
Among the three variations to the plan, we will focus primarily on Variant 02 (with safeguard rider) in this article. In Variant 02, the sum insured ranges from 5 lakhs to 12.5 lakhs.
Please note the Plan does not cover Hospital stay in Suit rooms or above. Also, the Use of a Multi-focal lens during Cataract Surgery does attract deductions.
Highlights (A brief summary of the Plan):
Waiting Periods: (except for portability cases)
30 days: All Claims except due to accident.
2 Years: Specified/ Named Surgeries.
4 Years (SI: 3 Lakhs/ 4 Lakhs), 3 Years (SI: 5 Lakhs & above): Pre-existing Disease.
Coverages:
Pre Hospitalisation: 30 Days.
Post Hospitalisation: 60 Days.
Day Care Procedures: All.
Room Charges: Single Private.
ICU: No Capping.
Ambulance: 3000/ Hospitalisation.
Health Checkup: SI: 3L/4L: Every 2 years, SI: 5L & ABOVE: Every Year.
No Claim Bonus: 20% Every Claim Free year (MAX. 100%)
NCB won’t be reduced on the claim.
Restore/ Refill Benefit: 100% (once) (applicable for Same Disease as well)
SafeGuard Rider:
Inflation Benefit.
Coverage of Medical Consumables.
Tax Benefits:
Claim Tax Deductions up to Rs. 1,00,000. under section 80D*. Check Details here.
We have provided Brochures, One-Pagers, etc. for your better understanding.
English Brochure:
Gujarati Summary:
List of Diseases &/or Illnesses where 2 years of waiting Period will be Applicable:
DISCLAIMER: