Max Bupa has unveiled the new edition of Health Assurance, a combination of three covers, making it the one of the most comprehensive cash benefit plan which meets different health needs of customers, said a press release issued by the company. The plan introduces comprehensive coverage in situations like critical illness, accidental death or permanent total or partial disability and offers daily hospital cash benefit.
These benefits can be bought individually or clubbed together to create higher security which helps a customer to reduce any financial impact caused by a medical emergency. Under this policy, the customers have the option of choosing their sum insured for cash payment ranging from Rs.3 lakh to Rs.2 crore in case of critical illness, Rs. 5 lakh to Rs. 5 crore for accidental insurance and Rs. 1000 to Rs.4000 per day as daily cash benefit on certain conditions.
The CritiCare cover provides cash benefit equivalent to the Sum Insured on diagnosis of any of the 20 most common critical illnesses including Cancer, Open Chest Coronary Artery Bypass Surgery, First Heart Attack, Open Heart Valve Replacement or Repair, Major Organ Transplant, Coma, Kidney Failure among others.
Similarly, AccidentCare cover has an array of features such as coverage for accidental death, permanent total disability, permanent partial disability and additional benefits like child education benefit and expenses for funeral. New significant features added in AccidentCare are accident hospitalization in case a person meets with a misfortune and coverage for Temporary Total Disability (TTD). Also, it will entitle the customer 1% of sum insured (maximum Rs. 20,000) per week that the temporary total disability continues subject always to the availability of the sum insured, for a maximum of 100 weeks.
Under the HospiCash benefit, the customers can avail lump sum payment for each day of hospitalization for upto Rs. 4000 per day. This helps alleviate the non-insured costs of hospitalization such as travel, consumables etc.
Through the press release, Ashish Mehrotra, MD & CEO, Max Bupa said, “Given the growing incidence of critical illnesses and accidents in India, the uptake of fixed benefit product category has witnessed huge growth. WHO statistics indicate that the incidence of heart attack, diabetes, chronic respiratory ailment and cancer are expected to rise by 25%, in India. Our enriched version of Health Assurance is a guaranteed cash benefit health insurance plan with many industry first features tailored to provide a combination of covers to customers. Multiple benefits such as coverage of 150% of sum insured under CritiCare and coverage of 125% of sum insured against Permanent Total Disability and the unique option of securing Temporary Total Disability (TTD) coverage under AccidentCare, gives complete flexibility to our customers in choosing their sum insured, policy term, their course of action and treatment. In this uncertain life, I’m confident that our customers will opt for this cover and ensure that they lead a healthier, more successful life.”