MAX BUPA NIVA HEALTH INSURANCE

Having a health insurance policy for safety should be everyone's priority. Max Bupa Health Insurance is the most trusted name in India when it comes to buying health insurance.

Overview of Niva Bupa Health Insurance: Rebranded as NivaBupa in 2021, it is an Indian company founded in 2008 and headquartered in New Delhi. It has started as a joint venture of Bupa (global healthcare service and insurance provider) and True North (private equity firm). It is the fastest-growing insurance provider firm in India.

Currently, NivaBupa is running 27 offices across 16 cities,

Mumbai, Delhi, Chennai, Hyderabad, Pune, Bangalore, Chandigarh, Ludhiana, Thane, Jaipur, Kochi, Surat, Patna, Kolkata, Jodhpur and Goa.

The company has combined their whole set of knowledge and skills to give the best towards healthcare and insurance.

NivaBupa Health insurance company has a wide network of hospitals offering cashless treatment and 34000+ agents serving. They announce the settlement of 9 out of 10 claims within 30 minutes.

The range of health insurance plans covered by the company to cater to various medical requirements are:

  • Individual health insurance,
  • Family floater insurance policy,
  • Critical illness health cover,
  • Top-up insurance cover,
  • Senior citizen health plan

The insurer is dedicated to the promotion of healthy eating habits and lifestyles with the help of rewards. They offer new-age treatments coverage and digital solutions such as AnyTimeHealth (ATH) Kiosks and Health App.

Awards and Accolades:

The insurer has received a number of awards and accolades for continuous innovation and service excellence, such as:

  • Great Place to Work 2020
  • The Economic Times Kaleido Awards 2019, Max Bupa was awarded for Best Campaign in Consumer Health Fitness
  • The CII Customer Obsession Awards, Max Bupa was recognized for Active Customer Engagement
  • NivaBupa (formerly known as Max Bupa) won at the Golden Peacock Awards in Risk Management 2019

For its recognizable work during COVID-19, the company is honoured with a range of awards:

  • The Economic Times Best Brand 2019 Award
  • Best Tech for Health Category 2019
  • The Super Brand 2019 award

Key Factors of NivaBupa Health Insurance:

  • Network hospitals - 4500+
  • Incurred claim ratio - 54%
  • Lifelong renewability
  • Pre Existing diseases waiting period - 4 years
  • Number of health policies issued till 2019 - 309900
  • Max Bupa health insurance Claim settlement ratio - 96%
  • COVID 19 cover - Yes
  • In-House Claim Settlement - Available
  • Policies Sold 6,96,107

Max Bupa health insurance plan detailed overview:

The plans or policies at Max BupaMediclaim policy are available both through online and offline modes for its customers:

NivaBupa personal accident- health assurance insurance policy:

This plan provides coverage against accidental death as well as child education, permanent total disability, permanent partial disability etc. Individuals between 18- 65 years of age and children between 5- 21 years of age can get the benefit of this policy.

Key features include:

  • One can get coverage of 5 lakhs to 2 crores.
  • The company pays 125% of the assured sum in case of permanent total disability.
  • It pays 100% of the assured sum in case of permanent partial disability.
  • Assured renewability for life.
  • The policyholder can get a direct claim settlement facility by the in-house claim team.
  • Global coverage
  • The plan holder can opt to get covered for 2 constant years.
  • Renewability for life.

NivaBupa critical illness- health assurance insurance policy:

This plan avails the lump sum amount for proper diagnosis during illness. It provides overall coverage with a lump sum amount, against pre-existing critical illness. The insuree gets paid immediately if they get diagnosed with the illness covered under the plan.

Individuals between 18 - 65 years of age can get the benefit of this plan.

Key features include:

  • Coverage of Rs. 2 lakhs to 3 crores.
  • A lump sum amount is paid if the insuree is diagnosed with a critical illness and survived for 30 days post-diagnosis.
  • Diseases covered under this particular health insurance plan are permanent paralysis of limbs, stroke, speech loss, deafness, major organ transplant, kidney failure, first heart attack, bypass surgery, cancer, bacterial meningitis etc.

NivaBupa hospital cash- health assurance insurance policy:

This policy takes care of incidental expenses, hospitalization bills etc. such as attendant lodging, nursing expenses, transportation cost etc.

The plan is available for individuals between 18- 65 years of age and children between 2-21 years of age.

Key features of this plan:

  • Daily cash benefit of up to Rs4000 per day for at least 45 days.
  • Double cash benefit if there is an instance of ICU hospitalization.
  • The policyholder can get a direct claim settlement facility by the company's in-house claim team.
  • Worldwide coverage along with lifelong renewability option.
  • One can opt to get covered for constant 2 years and avail discounts.

NivaBupa health premia- individual and family insurance plan:

It offers special benefits including international coverage.

Key features include:

  • It includes medical treatment expenses for both pre and post-hospitalization.
  • New age treatments like laser surgery, weight loss surgery, robotic surgery etc.
  • Alternate treatment options like Siddha, Homeopathy, Unani are also covered.
  • Organ donor treatment and domiciliary hospitalization expenses are also covered.

Max Bupa health insurance Premium is transferred to other premium members, in case of the demise of the policyholder.

It also covers repatriation charges and medical evaluation while traveling within India.

The policy also includes inbuilt travel insurance cover and worldwide maternity cover.

NivaBupa health companion family first

This plan is best suited for an Indian joint family. Up to 19 relationships can be covered in a single plan. No age bar to buy this plan.

Key features include:

  • Covers medical expenses of hospitalized treatment of any insured member.
  • Gold, silver and platinum variants are available.
  • It does not cover room rent capping.
  • Medical charges incurred due to illness are reimbursed 30 days before hospitalization and 60 days before discharge.
  • Alternative treatments such as Unani and Ayurveda are also covered.
  • If you purchase it for 2 years, can avail 122.5% discount on the purchase for the 2nd year.

NivaBupa heartbeat insurance policy for an individual:

This plan acts like the blanket cover for all the medical expenses. It also provides direct claim settlement, international cashless coverage, and other benefits.

There is no age limitation for this plan.

Key features include:

  • Cashless approvals are given within 4 hours for work at a network hospital.
  • One can opt to get covered for constant 2 years and avail discounts.
  • By default, a newborn baby is also covered until the next renewal.
  • Maternity benefits are provided for up to 2 years.
  • Medical charges incurred due to illness are reimbursed 30 days before hospitalization and 60 days before discharge.
  • It also covers overseas treatment in Canada and the USA.
  • There is no room rent capping available
  • 10-20% of co-payment is applicable for insurance holders more than 65 years of age.
  • Two plan variants are available- Gold (up to 50 lakhs) and platinum (up to 1 crore)

NivaBupa personal heartbeat - family floater insurance policy:

This policy is dedicated to cater the requirements of the Indian Joint family. There is no age limitation for this plan.

Key features include:

  • Cashless approvals are given within 4 hours for work at a network hospital.
  • One can opt to get covered for constant 2 years and avail discounts.
  • By default, a newborn baby is also covered until the next Max Bupa health insurance renewal.
  • Maternity benefits are provided for up to 2 years.
  • Dental day care procedures, ENT procedures, pre and post-hospitalization expenses and covered.
  • Two plan variants are available- Gold (up to 50 lakhs) and platinum (up to 1 crore)

NivaBupa health companion family floater policy:

Comprehensive and affordable insurance plans targeted at nuclear families. There is no age limit to enroll for this plan.

Key features include:

  • Offers sum insured coverage ranging from Rs 3 lakhs to re 1 crore.
  • Comes in 3 variants
  • Parents and up to 4 children can be covered
  • 12.5% discount on the purchase of 2- years.
  • It covers all hospital expenses with no capping on room rent.
  • Medical charges incurred due to illness are reimbursed 30 days before hospitalization and 60 days before discharge.
  • A cashless facility can be offered at the nearest network hospital.
  • Provides complimentary health check-ups for the whole family, once in 2 years.

NivaBupa health companion individual:

This plan is quite cost-effective and provides a variety of benefits such as pre and post-hospitalization, direct claim settlement etc. It covers up to 1 crore. Individuals above 91 years of age can buy this plan.

  • Key features include:
  • It is an all-inclusive plan that provides coverage for hospitalization expenses including alternative treatments
  • Also covers room rent expenses while hospitalized.
  • Medical charges incurred due to illness are reimbursed 30 days before hospitalization and 60 days before discharge.
  • A cashless facility can be offered at the nearest network hospital.
  • 12.5% discount on the purchase of 2- years.

FAQs:

Q. How can I buy this policy?

Ans. There are 2 modes available, online and telephonic.

Q. Why should I buy Max Bupa health insurance policy?

Ans. Max Bupa Health Insurance Company Limited helps customers lead healthier and more successful life. The company offers direct claims comprehensive insurance international insurance, childbirth benefits, level, and many other benefits. The company puts customers' health first.

Q. What is the procedure to avail medical benefits under an insurance policy?

The enrollment process is very easy and quick. It provides a cashless facility to customers in the nearest hospitals.

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