Niva Bupa Health Insurance Co Ltd (formerly known as Max Bupa Health Insurance Company Limited) on Thursday announced the launch of ‘ReAssure 2.0’, a premium of up to 30% on health points earned based on policy renewal. gives a discount.
Other benefits include no capping on room rent, any hospitalization of 2 hours or more, Smart Health+ rider – offering unlimited tele-consultation – and first-day coverage for diabetes and hypertension. This product is available as individual, multi-individual and family floater 5 lakh to Rs 1 crore for the age group of 18 years to 65 years.
Let’s check out the key features under ReAssure 2.0:
ReAssure “Forever”: In this benefit the base Sum Assured will start after the first claim and once started it will continue forever. Customer has made his first claim, that too unlimited number of times in a policy.
Lock the Clock: In this revolutionary benefit, the age at which the subscriber enters the policy is locked in till the subscriber makes his first claim in the policy. Hence the subscriber has to pay the applicable premium as per the entry age till the first claim. After which regular age band wise premium will be paid.
Booster+ Benefit: This benefit allows the unutilized Basic Sum Assured to be carried forward to the next policy year. The Sum Assured will continue to accumulate with each renewal up to 5X and 10X depending on whether the customer has opted for the Platinum+ or Titanium+ variant.
Safeguard+: This optional benefit covers claims for all non-payable items as per the non-payable contract, plus protects the Booster+ benefit if the claim in a policy year is up to ₹1 lakh. This means that if the claim amount is less than 1 lakh then the entire Basic Sum Assured will be carried forward to the next policy year without any deduction.
Krishnan Ramachandran, MD & CEO, Niva Bupa Health Insurance said, “At Niva Bupa, it is our endeavor to keep innovating to be at the forefront and we are proud to launch ReAssure 2.0, a comprehensive plan with the potential to revolutionize healthcare Insurance Sector. With this product, we have removed the concerns of the customers which acts as a barrier while purchasing health insurance. We have designed this product in a unique way which helps the customers at an early age. Will encourage you to start investing for your health and financial security.
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