Max Bupa introduces an enriched version of super saver Health Companion Health Insurance Plan
An all inclusive family health plan offering great value to customers
· Family health plan covering upto 19 relationships in a single policy
· An easy to understand plan with no restrictions on Hospital accommodation and no capping on hospitalization expenses
· Unique Refill benefitwhich triggers on even partialexhaustionof sum insuredin the policy year
· One of its kind No Claim Bonus enhancing coverage @20% of sum insured for every claim free yearand more importantly no reduction in accrued no claim bonus, in case there is a claim
· AYUSH in-patient treatment up to sum insuredfor the ones who prefer alternative treatments
· No co-payment at any age
· Flexibility to supplement ones existing health insurance cover with super Top Up option
New Delhi/Mumbai, February 18, 2015: Max Bupa has unveiled the new edition of its Health Companion Health Insurance Plan, an all inclusive cover that comes at a competitive price, making it an ideal option for today’s smart customers.The new Health Companion Health Insurance Plan offers an array of customer centric features like no capping/sublimit of any sort on hospital accommodation, coverage for 19 relationships under a single policy (including spouse, parents, grandparents, children, in laws, nephew and niece), unique refill benefit to replenish 100% sum insuredin the same policy year even though the entire base sum insured has not been exhausted, 20% enhancement in sum insured for every claim free year as No Claim Bonus, coverage of all medical expensesincurred 30 days prior to hospitalization and 60 days post hospitalization, option to top up existing coverageand no co-payment at any age, among many others.
The product offers a wide range of sum insured from 2 lakh up to 1 crore. The product comes with attractive geographical pricing and has an additional inbuilt option of tiered pricing, wherein customers can further avail a 10% discount basis their city of residence, making it relevant to wider range of customer segments across the country, includingthe ones residing in tier II and tier III cities.
Talking about enabling more people to access quality healthcare through such offerings, Somesh Chandra, Chief Operations Officer & Chief Quality Officer, Max Bupa said, “Our aim is to aid the accessibility of quality healthcare and help more and more people lead healthier and more successful lives. This will become a reality only when they avail Health Insurance to protect their families’ health. I am delighted to launch our enhanced super saver Health Companion Health Insurance Plan, a comprehensive and a flexible cover at a great price point. The product offering has been further enriched basis customer feedback, to drive greater usage of health insurance and fulfil different health needs of customers. A host of customer centric features and an industry first benefit of cashless treatment within 30 minutes make Health Companion a highly relevant product for customers residing in metros as well as tier II and tier III cities.”
The key features of the product like the smart top up option, unique no claim bonus and refill benefit are differentiated from existing offerings in the market. For example, the unique refill benefit in a policy for 2 adults, will allow 100%reinstatement on the base sum insured in the same policy year, if the sum insured has been exhausted partially or completely. This is to support customer’s health needs for a subsequent illness that may arise in the same year.
The smart top-upoption under the new Health Companion plan is forcustomers seeking additional health coverage at an optimal cost. The super top up option comes with six optional deductibles of 1lakh, 2lakh, 3lakh, 4lakh, 5lakh and 10lakh. The customers can avail discount on premium by availing any one of the six options. The top up gets triggered when the deductible amount has been exhausted. The feature is different from other top up options in the market as it operates on an annual aggregate basis making it more useful and easy to use.
The all new Health Companion Plan has been enriched with various new features which will cater to all the evolving needs of a customer, including the ones that go beyond hospitalization like coverage for all day care procedures that require less than 24 hour hospitalization and not a select few(including Chemotherapy, Radiotherapy, Hemodialysis, any procedure which needs a period of specialized observation or care after completion of the treatment among others), coverage for AYUSH that includes Ayurveda, Unani, Sidha and Homeopathy on the account of increased preference for alternative treatment and other critical needs like domiciliary treatment, organ donation, vaccination for animal bite and complimentary health checkups.
Max Bupa’s endeavour since its inception has been to be long term health partner to its customers and their families. In order to build an enduring relationship with the customers, Max Bupa offers personalized and speedy claim settlement to all its customers, without any engagement of third parties.
About Max Bupa Health Insurance
Max Bupa is a, 74:26, joint venture between Max India Limited, a multi-business corporate with expertise in life insurance and health care and Bupa, a leading international healthcare provider with 65 years of healthcare knowledge. Max Bupa brings together a combination of Bupa’s health insurance and customer service expertise with Max India’s understanding and experience of the Indian health and insurance sectors. Max Bupa offers quality health insurance services through a dedicated team of over 1400 people and its network of 26 offices across 16 cities - Delhi, Mumbai, Hyderabad, Chennai, Bangalore, Pune, Ludhiana, Chandigarh, Jaipur, Surat, Kochi, Kolkata, Patna, Goa, Jodhpur and Ludhiana. Max Bupa offers individual and family oriented health insurance policies for Indians across all age groups. Max Bupa has a direct working relationship with a network of over 3500 top quality hospitals and healthcare providers, with plans to extend its network of hospitals to other parts of the country. Max Bupa services customers directly without third party involvement. For more details about the company and a list of all our network hospitals please visit www.maxbupa.com.
About Max India
Max India Limited is a USD 1.6 billion, multi-business corporate, focused on people and service-oriented ‘Businesses of Life’ that include Life Insurance, Healthcare, Health Insurance, Senior Living, Clinical Research and Speciality Packaging Films. The Company’s vision is to be one of India’s most admired corporates for service excellence in ‘what we do, how we do it and the positive impact we have on stakeholder’s andsociety’. This vision is founded on a clear set of values that are shared across the group – Sevabhav, Excellence and Credibility.
Max India’s key operating businesses – Max Life Insurance, Max Healthcare and Max Bupa Health Insurance, are joint ventures with global leaders Mitsui Sumitomo, Japan, Life Healthcare, South Africa, Bupa Finance Plc, UK, respectively. These businesses have well entrenched positions in their respective categories, and are recognized for their outstanding service standards.
This Company’s performance reflects not only in the Company’s financial numbers but also in its customer base, which has grown 14% to 7.4 million customers who are served through 300 offices across the country by a dedicated base of around 17,000 employees and 54,000 agents. For the financial year 2013-14, Max India’s consolidated revenue increased 19% to Rs 11,683 crore.
As a leading international healthcare group, Bupa offers health insurance and other health funding products, and runs care homes, retirement villages, hospitals, diagnostic and primary care centres and dental clinics. Bupa also provides workplace health services, home healthcare, health assessments and long-term condition management services. Bupa has over 22 million customers in 190 countries and territories. With no shareholders, it invests its profits to provide more and better healthcare and fulfill its purpose: longer, healthier, happier lives.
Bupa employs more than 70,000 people, principally in the UK, Australia, Spain, Poland, New Zealand and Chile, as well as Saudi Arabia, Hong Kong, India, Thailand and the USA.
For more information, please visit: www.bupa.com