It becomes really difficult to decide how much cover is adequate. A cover which we find sufficient today becomes irrelevant tomorrow due to the rising medical inflation. At the same time buying a large insurance cover in the current policy may not be affordable or available. Our Niva Bupa Health Recharge’s deductible acts like a stepney to your health insurance plan. It’s an additional coverage offered to you with a threshold limit. It comes into effect only when your total claim in the same year surpasses the threshold limit.
Yes, Pre existing waiting period – 36 months, initial waiting period – 30 days, personal waiting period – 24 months, specific waiting period – 24 months.
A medical check-up may be necessary when you sign up for a new health insurance policy, depending upon the age of the proposed to be insured and the deductible opting for. (Subject to underwriting guidelines) In case your proposal gets rejected by us, we will deduct the full cost of medical tests from your premium and the balance premium would be refunded.
Let us understand with an example:
Policy A: Employer/regular health insurance policy with SI of Rs.5 lacs
Policy B: Niva Bupa Health Recharge having SI of Rs.5 lacs and aggregate deductible (threshold) limit of Rs.5 lacs
Policy A will pay Rs. 5 lacs
Policy B will pay remaining Rs. 2 lacs as the threshold limit is crossed
Policy A will pay Rs. 3 lacs for the first claim and Rs. 2 lacs for the second claim
Policy B will pay remaining Rs. 1 lac since the total claim in the year crosses the threshold limit
Policy A will pay Rs. 5 lacs for the first claim and policy B will pay Rs. 1 lac for the first claim and remaining Rs. 3 lacs for the 2nd claim since the total claim in the year crosses the threshold limit.
Yes, you can take Niva Bupa Health Recharge, irrespective of having plan from us or somewhere else.
It makes sense when you want to increase your total coverage without paying much. While anybody can buy our top-up option at any time, however, it is not advisable unless you have bought a base health insurance cover or the coverage offered by your employer is at least equal to the chosen deductible (threshold limit) amount of our top-up.
Yes, it covers (all sub-limits as mentioned in the policy schedule will apply).
Yes, you can avail a tax benefit available under Section 80D of the Income Tax Act 1961 by buying a health insurance policy. These benefits are as per applicable tax laws which can amend from time to time. We advise you to consult your tax advisor for further details or clarifications.
Yes, policy for 1, 2, & 3 years is available. Customer is eligible for tenure discount too.
2 yrs. policy: – 7.5 % discount on 2nd year premium
3 yrs. policy: - 7.5 % discount on 2nd year premium & 15% discount on 3rd year premium
Of course, you can cover your family residing in India under one policy. You can use your health insurance policy across India. For cashless hospitalization, all you need to do is check for a Niva Bupa network hospital near your place of residence. You can also present your claim for reimbursement if you get treated at a hospital which is not a Niva Bupa network hospital.