Niva Bupa Health Premia Policy

Niva Bupa health insurance company (earlier known as Max Bupa health insurance) is one of the leading health insurance companies in India since 2010. It offers great products to cover all kinds of customers like senior citizens, and individuals with pre-existing diseases or chronic ailments. The company has a network of more than 8600 hospitals and is known for direct claim settlement without involving any third-party administrator.

One of the best health insurance by Niva Bupa is the Niva Bupa Health Premia family floater Policy. In this blog, we will discuss the plan in detail and explore the plan's features and benefits.

Niva Bupa Health Premia Policy is a comprehensive health insurance plan that offers coverage for you and your family as per your lifestyle and requirements. The plan offers worldwide maternity coverage, modern treatment coverage, international treatment coverage for specified illnesses, and much more. Given below is a list of the key features of the plan.

• The minimum entry age for the plan is 18 to 65 years with lifelong renewability.
• The plan is available in both individual and family floater options. In the Niva Bupa family floater plan, you can include up to 19 relations in a single policy.
• There are three variants of the plan you can choose from - silver, gold, and platinum.
• The sum insured ranges from ₹ 5 lakhs to ₹ 3 crores.
• The plan offers international coverage and inbuilt travel insurance for any planned treatment for 9 specific illnesses, outside India after diagnosis in India. This facility is available on a cashless basis anywhere outside India except for USA and Canada. It also includes in-built travel insurance of ₹ 1 cr. per person covering emergency hospitalisation.
• The plan also covers health check-ups from day 1.
• The plan has an initial waiting period of 30 days, a pre-existing disease waiting period of 24 months, and a specific waiting period of 12 months for a few specified conditions in the policy.
• The plan offers many optional benefits like personal accident cover, critical illness cover, hospital cash, health coach, enhanced international coverage, and enhanced loyalty addition.

The plan offers many benefits to the policyholders as mentioned below.

• Tax Saving: A policyholder can enjoy tax benefits on the premium paid under section 80D.
• Zonal Coverage: Insurance companies charge premiums depending on the zone, you are covered under. In case you want the flexibility to be treated anywhere in India, you can opt for zone 1 pricing which includes metro cities like Mumbai, Delhi, Kolkata, etc.
• Re-fill Benefit: In case your sum insured is exhausted due to a claim made in a policy year, it is refilled and made available again.
• Long-term discount: A policyholder can avail a discount for buying a long-term policy. A discount of 7.5% is available on the premium of the second year for a 2-year policy and a discount of 15% is available on the premium of the third year for a 3-year policy.
• Premium Waiver: If the policyholder dies or is diagnosed with a critical illness during the policy period then the premium for the next year is waived. This facility is only available with the family floater plan.
• Loyalty Additions: Irrespective of the claim history, a policyholder has rewarded an additional coverage of 10% of the base sum insured annually, a maximum of up to 100% of the sum insured. A policyholder can also opt for an enhanced loyalty addition, where 20% is rewarded instead of 10% and up to a maximum of 200% of the sum insured.
• Sum Insured Enhancement: The plan offers the benefit of sum insured enhancement where you can enhance your sum insured value or add more members of the family to the existing policy at the time of renewal.

The table given below presents all the inclusions covered under the policy.

• Sum Insured: Silver: 5L, 7.5L, Gold: 10 to 50L, Platinum: 1cr, 2 cr, 3 cr
• In-patient Hospitalisation Cover: Covered up to Sum Insured
• Room rent: Covered up to Sum Insured
• Pre-hospitalisation (90 days): Covered up to Sum Insured
• Post-hospitalisation(180 days): Covered up to Sum Insured
• Daycare Treatment: Covered up to Sum Insured
• Domiciliary hospitalisation: Covered up to Sum Insured
• AYUSH treatment: Covered up to Sum Insured
• Living Organ Donor Transplant: Covered up to Sum Insured
• Specified illness cover: Covered up to Sum Insured
• Emergency Assistance Service within India: Covered up to Sum Insured
• New Born baby cover: Covered up to Sum Insured
• Child care Benefits upto 12 years: Covered up to sum insured
• New Born Baby Vaccination Cover: Covered upto 1 year including all vaccinations as per the defined schedule
• Emergency Ambulance: Network Hospital - covered upto sum insured, & Non-network hospital - covered upto ₹ 2000 per event
• HIV/AIDS (Waiting period of 4 years): Covered upto ₹ 50,000
• Modern Treatments: Covered upto sum insured with sub-limit of ₹ 1 lakh on few surgeries
• Maternity Benefit covered upto 2 pregnancies: ₹ 60,000 to Up to ₹ 2 lakhs
• Health Check-ups: ₹ 1875 to Up to ₹ 10,000

Health premia policy is one of the best Niva Bupa health insurance plans because it offers extensive coverage for all members in a family from a new born baby to a senior citizen. The plan has high coverage options up to ₹ 3 cr, starting just from ₹ 5 lakhs. Hence the plan is suitable for all types of budgets and family sizes. The lifelong renewability feature further makes it the best health insurance plan that is fit for all kinds of requirements.