Niva Bupa Health Companion Plan
Niva Bupa Health Insurance
6.6/10
OneAssure Rating
6.6/10
OneAssure Rating
Highlighted Features
Room Rent (Normal & ICU)
Niva Bupa Health Companion Variant 2 offers room rent coverage without any sub-limits, allowing policyholders to choose any hospital room, including ICU charges.
Advanced Treatments
Niva Bupa Health Companion Variant 2 covers advanced treatments such as robotic surgeries, stem cell therapy (when medically necessary), and modern procedures.
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Our Verdict
Niva Bupa Health Companion Variant 2, with its unlimited recharge and robust add-ons, suits risk-averse individuals and families seeking comprehensive coverage. However, premium costs may be higher.
About the Plan
Niva Bupa Health Companion Variant 2 is a comprehensive health insurance plan offering sum insured options from ₹5 lakh to ₹15 lakh. It covers hospitalization expenses, pre- and post-hospitalization costs, daycare treatments, domiciliary hospitalization, and alternative treatments under AYUSH. The plan includes a No Claim Bonus, enhancing coverage for every claim-free year. It also offers unlimited automatic recharge of the sum insured, ensuring continuous coverage. Additional benefits include organ donor expenses, ambulance cover, and tax benefits under Section 80D.
About the Plan
Product Stats
Rating
Features of the Product
Room Rent (Normal & ICU)
Normal Room: No limit (any single private room covered)
ICU Charges: Fully covered (as per actual hospitalization expenses)
Advanced Treatments
Robotic Surgery Therapy
Bariatric Surgery
Oral Chemotherapy
Proton Beam Therapy
Deep Brain Stimulation
Implantable Devices
Co-payment
No mandatory co-payment for most policyholders. However, for individuals aged 65 years and above at the time of entry, a co-payment of 20% applies to each claim.
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 expenses related to self-inflicted injuries, suicide attempts, or substance abuse.
Cosmetic or aesthetic procedures, unless required due to accidental injury or burns.
Any treatment related to infertility, pregnancy, childbirth, or related complications unless covered under a specific maternity benefit.
Treatment for diseases or conditions arising from participation in hazardous activities, adventure sports, or professional sports.
Expenses related to experimental, unproven, or investigational treatments not approved by medical authorities.
Treatments related to congenital diseases, genetic disorders, or birth defects unless specifically covered.
Any dental, hearing, or vision expenses unless arising from an accident or explicitly covered under the policy.
Hospitalization primarily for rest, rehabilitation, or obesity-related treatments unless covered.
Pre-existing conditions not disclosed at the time of policy purchase, leading to claim rejection.
Exclusions
No Claim Bonus (NCB) Super - Enhances your No Claim Bonus, allowing your sum insured to increase by a higher percentage for every claim-free year.
Room Rent Modification - Offers flexibility in room category selection by upgrading your eligibility beyond the standard room rent limits in the base policy.
Personal Accident Cover - Provides financial support in case of accidental death or disability, ensuring additional protection beyond hospitalization expenses.
Hospital Cash Benefit - Pays a fixed daily cash allowance for each day of hospitalization, covering incidental expenses not included in your main policy.
Critical Illness Cover - Offers a lump sum payout if diagnosed with a specified critical illness, helping manage medical and lifestyle expenses.
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.