Niva Bupa Health Companion Variant 1 Plan
Niva Bupa Health Insurance
7.6/10
OneAssure Rating
7.6/10
OneAssure Rating
Highlighted Features
Advanced Treatments
Niva Bupa Health Companion Variant 1 covers advanced treatments like robotic surgeries, stem cell therapy (for specific conditions), modern cancer treatments, and bariatric surgery. These innovative procedures ensure access to cutting-edge medical care.
Room Rent (Normal & ICU)
Niva Bupa Health Companion Variant 1 covers room rent expenses, including normal and ICU charges, up to the sum insured. It ensures access to quality medical care without additional financial burden during hospitalization.
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Our Verdict
Niva Bupa Health Companion Variant 1 offers affordable coverage with a sum insured from ₹2 lakh to ₹5 lakh. Ideal for individuals and families, it ensures financial security with cashless treatment and tax benefits.
About the Plan
Niva Bupa Health Companion Variant 1 is an affordable health insurance plan offering comprehensive coverage for individuals and families. It provides a sum insured ranging from ₹2 lakh to ₹5 lakh, covering hospitalization expenses, pre- and post-hospitalization costs, and daycare treatments. The plan includes benefits like domiciliary hospitalization, emergency ambulance services, and in-patient care. With lifelong renewability, no claim-based loading, and cashless hospitalization at network hospitals, Health Companion ensures financial security during medical emergencies while offering tax benefits under Section 80D.
About the Plan
Product Stats
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Features of the Product
Room Rent (Normal & ICU)
Room Rent Limit: No limit on room category, allowing flexibility in choosing any hospital room.
ICU Limit: No capping on ICU charges, ensuring full coverage for intensive care treatments as per the sum insured.
Advanced Treatments
Robotic and CyberKnife Surgery.
Bariatric Surgery.
Modern Cancer Treatments
Organ Transplant Coverage
Co-payment
Niva Bupa Health Companion Variant 1 does not have a mandatory co-payment for policyholders below 65 years. However, for individuals aged 65 and above, a 20% co-payment applies to all claims.
Waiting Periods
Initial Waiting Period: 30 days from the policy start date, except for accidental hospitalizations.
Pre-Existing Diseases (PED) Waiting Period: 48 months from the policy start date before coverage begins.
Specific Illness Waiting Period: 24 months for certain listed conditions like hernia, cataract, and joint replacements.
Maternity Waiting Period: 24 months (if maternity benefits are included in the policy).
Cashless Healthcare Providers
10,000+ network hospitals.
Day Care Treatments
Covered under the policy.
AYUSH Treatment
Covered under this policy
Exclusions
Treatment costs for injuries or illnesses related to hazardous activities, adventure sports, or self-inflicted injuries.
Cosmetic or plastic surgery unless required due to an accident or medically necessary.
Treatment for alcohol, drug abuse, or substance-related disorders.
Congenital diseases, genetic disorders, and birth defects unless explicitly covered.
Infertility treatments, assisted reproductive techniques, and pregnancy-related expenses unless covered under maternity benefits.
Non-prescription drugs, dietary supplements, and health tonics.
Injuries or illnesses resulting from war, terrorism, or nuclear exposure.
Treatment for sexually transmitted diseases, HIV/AIDS, or related complications.
Hospitalization solely for evaluation, diagnostics, or health check-ups without active treatment.
Exclusions
Claim Safeguard - Covers non-payable items during hospitalization, ensuring a truly cashless experience.
No Claim Bonus (NCB) Safeguard - Maintain your NCB even if claims up to ₹50,000 are made in a policy year.
Sum Insured Safeguard - Increases your base sum insured annually based on the Consumer Price Index (CPI), aligning your coverage with inflation.
Hospital Cash Add-on - Provides a fixed daily cash allowance during hospitalization to cover incidental expenses not included in the main policy. The benefit is available for up to 30 days per policy year, with amounts varying based on the chosen plan variant.
Add-ons
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About the Company
Niva Bupa Health Insurance, formerly known as Max Bupa Health Insurance, is a prominent health insurance provider in India. It is a joint venture between Bupa, a UK-based healthcare services expert, and True North, an Indian private equity firm. The company offers a diverse range of health insurance plans tailored to meet the varying needs of individuals and families. Their policies are designed to provide comprehensive coverage, ensuring financial protection against unforeseen medical expenses.
One of their notable offerings is the ReAssure 2.0 Health Insurance Policy, which covers a wide array of medical expenses, including hospitalization, surgeries, doctor consultations, and post-hospitalization care. With a network of over 10,000 trusted healthcare providers across India, Niva Bupa ensures that policyholders have access to quality medical care when needed. Their commitment to customer satisfaction is evident through streamlined claim processes and wellness benefits, aiming to deliver peace of mind and financial security during medical emergencies.
In June 2024, Niva Bupa announced plans to raise $360 million through an initial public offering (IPO), potentially valuing the company at up to $2.5 billion.
This move underscores their growth trajectory and commitment to expanding their services in the Indian health insurance market.
Krishnan Ramachandran serves as the Managing Director and CEO of Niva Bupa Health Insurance Company Limited. With over 24 years of experience in the health insurance, healthcare, and life sciences industries, Mr. Ramachandran has previously held leadership positions at Apollo Munich Health Insurance Company Limited and Apollo DKV Insurance Company Ltd.
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