Niva Bupa Health Companion Variant 2022 Plan
Niva Bupa Health Insurance
Highlighted Features
Room Rent (Normal & ICU)
This policy includes room rent coverage, offering a single private room for normal hospitalization and no cap on ICU stays.
Advanced Treatments
Coverage includes advanced treatments such as coronary angiography, cancer radiotherapy, chemotherapy, and palliative care, ensuring access to essential medical support during critical times.
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Our Verdict
The Niva Bupa Health Companion Plan offers flexible coverage with benefits like no room rent limits, maternity cover, and worldwide emergency coverage. Ideal for individuals and families seeking comprehensive health protection and peace of mind.
About the Plan
The Niva Bupa Health Companion Plan is a comprehensive health insurance solution designed to cater to individuals and families, offering flexible coverage options ranging from ₹2 lakh to ₹1 crore. It covers a wide spectrum of healthcare needs, including inpatient hospitalization, pre- and post-hospitalization expenses, and daycare treatments. The plan also provides benefits like cashless treatment across a vast network of hospitals, annual health check-ups, and coverage for modern treatments and AYUSH therapies. With additional features like no-claim bonuses, maternity benefits, and optional riders for enhanced protection, the Health Companion Plan ensures financial security and access to quality healthcare. Its user-friendly approach and robust coverage make it a dependable choice for safeguarding your health.
About the Plan
Features of the Product
Room Rent (Normal & ICU)
Normal: single A/C private room
ICU: no limit, expenses incurred would be covered by the policy.
Advanced Treatments
Including robotic surgeries, stem cell therapy (for specific conditions), and modern procedures like laser treatments and bariatric surgery.
Co-payment
A 20% co-payment applies for treatments in Zone 2. Additionally, policyholders can opt for a 10% or 20% co-payment, which does not reduce the sum insured.
Waiting Periods
Initial Waiting Period: A 30-day waiting period applies from the policy's inception, during which claims are not admissible, except for those arising from accidents.
Pre-existing Disease Waiting Period: For the Silver plan, pre-existing diseases are covered after 48 months of continuous coverage. For Gold and Platinum plans, this period is reduced to 24 months.
Specific Disease/Procedure Waiting Period: For individuals above 45 years of age, certain listed illnesses and procedures are covered after a 24-month waiting period from the policy's inception.
Cashless Healthcare Providers
10675+ network hospitals
Day Care Treatments
Covered under the policy
AYUSH Treatment
Covered by the policy.
Exclusions
Pre-existing diseases are covered after a waiting period of 48 months from the policy start date.
Any illness diagnosed or treatment required within the first 30 days of policy commencement, except accidental injuries.
Cosmetic or plastic surgery unless required due to accidents, burns, or medically necessary reconstruction.
Treatment related to alcohol, drug abuse, or substance misuse.
Expenses for infertility treatments, IVF procedures, or assisted reproductive technology.
Non-prescribed vitamins, dietary supplements, and hormonal therapy unless medically necessary.
Congenital diseases, external birth defects, or genetic disorders.
Dental treatments and procedures unless required due to accidental injury.
War, terrorism, nuclear radiation, or biological weapon-related injuries or illnesses.
Treatment received outside India unless covered by an add-on or special policy provision.
Exclusions
No Room Rent Limit - Removes room rent capping, allowing policyholders to choose any hospital room, including ICU, without additional charges.
Enhanced No Claim Bonus - Boosts sum insured annually for every claim-free year, providing increased coverage without extra premium costs.
OPD and Diagnostic Cover - Covers outpatient consultations, diagnostic tests, and prescribed medications, ensuring financial support for routine healthcare expenses.
Maternity and Newborn Cover - Provides coverage for maternity expenses, childbirth, and newborn care, easing financial burdens for growing families.
Worldwide Emergency Cover - Offers limited coverage for medical emergencies abroad, ensuring financial protection during international travel.
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.