5 health insurance policies that offer advanced benefits to consumers | Mint

Among the products focused on Financial Solutions, health insurance has seen one of the most encouraging growth in awareness and penetration. This epidemic in no small measure caused this intervention.

However there is a huge benefit given that among those covered under health insurance, a large portion is provided only through group health insurance and a large portion through individual insurance plans. of health, which is still insufficient to handle health insurance needs.

24 insurance companies and 7 health insurance products are vying for a share of the health insurance business.

To move the needle in their favor, companies are using innovation to offer features that go beyond the norm. Health insurance laws have removed many of the restrictions that existed before. Today these policies cover the cost of outpatient treatment, cost of ayurvedic treatment, cost of health check-up, providing discounts for eligible customers, reduced waiting time for pre-existing diseases there before, etc.

Here are five health insurance policies that offer advanced benefits to consumers

HDFC Ergo Optima Safe

HDFC Ergo Optima Secure offers 4X Benefits, at no additional cost.

Secure benefit is the first-of-its-kind optima security benefit that doubles the insurance you buy, immediately and automatically. This means you get 2X coverage from day 1, without the need to activate or claim it, at no additional cost.

In addition to this the policy offers an additional benefit whereby the basic cover of your choice increases by 50% after 1 year, and 100% after 2 years, regardless of claims made.

There is a great benefit of protection, if any claim, partial or complete, is made at any time during the year, then 100% of the basic cover will be refunded in the policy automatically, at no extra cost! With this benefit, you don’t have to worry about getting a full no-claim bonus or a reduced claim bonus.

If there is an unpleasant hospital, protect the benefits of safe payment of equipment, which includes non-medical expenses such as gloves, masks, nebulizer equipment and so on. It’s built in, and it’s available automatically at no extra cost.

This comprehensive plan has no room rent restrictions, no co-payment component, covers Ayush treatment (Ayurveda, Unani, Siddha or Homeopathy), and has reasonable waiting period for diseases who was there before.

Care Supreme

• Cumulative sum insured (SI): Up to 100% of SI per year, up to 500% of the total sum insured. SI cannot be reduced on application

• Free screening: Available to all insureds every policy year

• Health benefits: Renewal of a discount of up to 30% for recording 10,000 steps or more per day for 270 days per year.

• AYUSH treatment coverage up to 100% of the sum insured

• Air ambulance claim: Up to 5 lacs per year

• Reduced waiting period for pre-existing diseases: It can be changed to 1, 2 or 3 years as chosen.

• Coverage of medical expenses at home up to 100% of the amount deposited under – Domiciliary hospitalization.

• Advanced technology covers up to 100% of the invested amount

• No bonus discount is included even if requested

Aditya Birla Active Fit Fit

This plan is designed for people aged 18-45, it offers big discounts for healthy people, no excess restrictions, good return benefit, and a very high bonus component. Here are some of the key features of this policy:

• Up to 50% of the premium is paid for staying active for 275 days a year
• Up to 10% early bird discount on payment for ages up to 35 years
• Fixed rewards/discounts encourage you to stay healthy. Discount up to 10% for up to 3 years
• Maternity expenses are covered over and above the basic amount paid for newborn expenses, vaccination costs and stem cell storage.
• Get 10% bonus on sum insured per year up to 100% of the sum deposited if no claim is made during the policy year. Super no claim bonus of 50% of the annual deposit, up to 100%, under optional coverage.
• 3 EMIs on the outstanding loan amount will be payable on hospitalization due to illness or accident for 6 consecutive days in the policy year. EMIs will be paid as lump sum after discharge from the hospital.

Bajaj Allianz Health Guard

A health insurance policy offers a wide range of benefits, to ensure that you have major expenses related to illness/surgery. The following are sections of this policy:

• The cost of treating organ donors for the harvest of a donated organ.
• A road ambulance costs up to Rs. 20,000 is paid
• Daily salary of Rs. 500 per day up to 10 days during each policy year for reasonable accommodation expenses in respect of one parent / legal guardian, accommodation and any minor insurance.
• If the total bonus or super cumulative bonus (if any) is exhausted due to claims registered and paid during the policy year, 100% of the total sum insured specified under inpatient treatment will be refunded in a particular policy year.
• The cost of the preventive health check-up is reimbursed once a year.

Digit Health Care Plus

This Go Digit policy provides coverage for other treatments and plans that you may choose. This policy provides the following benefits:

• The cost of a second opinion from a group of doctors to be covered when there has been a significant risk of injury.
• Costs of medically necessary bariatric (weight loss) surgery, on the advice of a Medical Doctor to be covered under certain circumstances.
• Total medical expenses related to mental illness, including initial diagnosis and hospitalization, as an inpatient, were during the policy period.
• Health check.
• Infertility/fertility treatment costs are covered
• Ayush remedies are covered
• Covering maternity expenses caused by childbirth or treatment related to any pregnancy complications or medically necessary termination.

It makes financial sense for consumers to avail such health insurance policies by paying a certain amount to protect their wallet from unexpected major medical expenses.

V.Krishna Dassan, Director, Dhanavruksha Financial Services Pvt. Ltd.