going abroad? Close your mediclaim policy and get a discount on renewal

Prasoon Sikdar, Managing Director & CEO, Manipal Cigna health insurance The Company Ltd. said, “With medical costs rising, customers are demanding more value from their health insurance plans. Hence, as a trusted expert in health insurance, we at ManipalCigna, aim to bring affordable, predictable and simple health insurance. are committed to. Insurance We are planning a market that could transform the way our customers receive the healthcare experience.”

“Thus keeping innovation at the core and keeping our principles in mind, we have now introduced the revolutionary Switch Off Benefit option under our ManipalCigna ProHealth Prime plan, to help individuals save premium amount for a maximum tenure of one month. in one policy year. The switch off benefit is great for people who travel abroad frequently, as it can save money on premiums by opting for this revolutionary benefit,” Sikdar said.

Giving examples, the company said that suppose the policyholder wishes to travel abroad, where insurance is not applicable. In such a scenario, the individual should not be required to pay premiums as they are not being covered. And now they have nothing to do with ManipalCigna ProHealth Prime. They can simply close their cover and save money on the next premium.

Here are the features of the ‘switch on-switch off’ advantage”

1. Switch off facility will be available if all the insured are traveling outside the country in case of floater policy or one or more members traveling outside India in case of multi-individual policy.

2. The premium discount will be calculated on pro-rata basis and will be adjusted against the renewal premium coming on the immediate policy anniversary.

3. This facility cannot be availed during the last 90 days of the policy year.

4. The insured will have to inform the date of switch off and switch off on a date and have to provide almost no documents or can provide the documents at the time of intimation (WhatsApp/Email based).

5. The discount will be calculated by the system automatically and without any hassle.

6. It covers non-medical expenses and provides 100% of the claim amount without any deduction for non-medical items.

7. It provides cashless OPD cover up to 50000 per policy year.

8. It also gives unlimited recovery for related diseases so there is no shortfall of sum insured for any type of claim.

9. It gives a guaranteed cumulative bonus of 25% every year up to a maximum of 200% of the base sum assured.

10. It allows one year premium waiver on renewal policy premium on account of death due to accident or diagnosis of any of the listed critical illnesses.

11. It expands the cover to include infertility treatment.

12. It gives an additional cover equal to the sum insured to the Air Ambulance with an upper limit of 10 and many more.

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