With the extensive burden of lifestyle-related diseases and significant growth in the medical inflation rate, India has finally started witnessing a new awareness regarding healthcare amongst the people.
People have started demanding products from insurers that rightly cater to customer-specific needs and requirements. And this is one of the vital reasons why the health insurance companies in our country have started gaining momentum as they have started designing products that perfectly suit diverse customer needs.
In the midst of health-conscious population, this highly innovative insurance products do come as a big relief to the consumers. Though, another fact is that in spite, the consumers are quite aware and conscious of what is being offered to them, they are often confused between what insurance products to invest in and what not.
To make an informed decision, it is very important to well understand the various components of all such products and then draw a conclusion.
Religare Health Insurance- Care NCB Super
Religare’s Care NCB Super is a comprehensive health insurance plan with an exceptional ‘No Claim Bonus’ (NCB) increment in the total sum insured. The sum insured gets doubled in two years provided no claim is made under the plan. This feature is available at an additional premium and can be added to the plan and up to Rs 6 crores sum insured is allowed by the plan.
The sum insured is automatically restored to the original amount if it is exhausted in any policy year. Some other unique coverage features of the plan include alternative treatments under Ayurveda, Yoga, and Naturopathy (AYUSH) benefit, free health check-up, daily cash allowance, ambulance cover, at-home treatment cover, etc. Moreover, accident-related hospitalisation is covered from day one.
Max Bupa health Insurance – GoActive
Max Bupa’s GoActive the plan is a digitally enabled everyday use health insurance policy that promises adequate coverage for your everyday healthcare needs including access to OPD, inpatient hospitalisation and second medical opinion.
The plan offers excellent savings to the customers from day one including a complimentary full body check-up of up to Rs 2,500 per adult, along with diagnostics and cashless/reimbursement OPD coverage. The plan even offers a renewal discount of 20% on achieving predefined healthcare goals.
Apollo Munich Health Insurance – Optima Restore
Apollo Munich’s Optima Restore Plan restores the sum insured when you need it the most. The policy comes with three incredible benefits namely – Restore, Multiplier and Stay Active. Optima Restore plan covers the entire term or duration even after the claims have been exhausted and come with the restoration benefit of 100 percent of the sum insured. The plan even rewards the clients who have an active lifestyle, in the form of discounts on premiums. With the insurer’s mobile application, you can keep track of the physical activities and the progress made.
Also, the sum insured increases by 50% the subsequent year if there are no claims made in the first or prior year. Under the plan, the insured even enjoys cashless access to over 4500+ network hospitals in over 800 cities.
Reliance Health Insurance – More
Reliance Health Insurance Company’s first health insurance plan – MORE – is a product true to its name. The product is an intelligently crafted health insurance plan that keeps the customer at the center as the product primarily aims in making make health insurance easy to choose, buy and use, all at once.
The plan gives one month extra cover for a 12-month plan and 2 months’ extra cover for a 24-month plans without any additional cost. Reliance’s MORE plan aims at educating people about the importance of larger cover as it enables you to get Rs 7 lakhs sum insured for the price of Rs 5 lakhs covers and Rs 13 lakh cover for a price of Rs 10 Lakhs sum insured. The best feature is that the plan does not come with any sub-limits around room rent and the customers can just focus on the treatment.
(Views expressed above are the personal opinion of Amit Chhabra, Head- Health Insurance, Policybazaar.com)