Niva Bupa Health Companion Health Insurance

Health Companion Policy offered by Niva Bupa Health Insurance is a comprehensive medical insurance policy that offers both individual and family floater cover for several healthcare expenses. This health insurance plan is a popular plan as it is available at affordable premiums and has a lot of benefits to offer. From pre-hospitalisation expenses to modern treatment expenses, the Niva Bupa Health Companion Health Insurance has an array of benefits. Read further to find out more about Niva Bupa Health Companion Health Insurance.

Key Features of Niva Bupa Health Companion Health Insurance Plan

Some of the key features of the Niva Bupa Health Companion Health Insurance are as follows:

• Sum Insured: The Niva Bupa Health Companion Health Insurance plan has different sum insured options starting from as low as Rs. 3 Lakh going up to Rs. 1 crore, which you can choose as per your budget and requirement. Depending on the sum insured you choose, the health insurance premium will accordingly vary.

• Variant: The policy comes in different variants namely variant 1, 2, and 3, which differ in terms of coverage benefits as well as sum insured options. Moreover, the Niva Bupa Health Companion Health Insurance can also be bought as an individual or family floater plan. You can buy it for either 1 year or 2 years.

• Smart Top-up Option: You can purchase the Niva Bupa Health Companion Health Insurance Plan with a smart-top up option. This means that if the sum insured has been depleted and you need more financial assistance, then with the top-up feature you will also get additional health insurance coverage.

• No Room-rent Capping: The Niva Bupa Health Companion Health Insurance Plan has no room-rent capping if you choose a sum insured of Rs. 5 lakhs and above. This means that there is no limit on the type of room you choose for hospitalization in case the sum insured is above Rs. 5 lakhs.

Eligibility Criteria of Niva Bupa Health Companion Health Insurance Plan

Listed below are the eligibility criteria for the Niva Bupa Health Companion Health Insurance Plan:

Benefits of Buying Niva Bupa Health Companion Health Insurance Plan

Some of the reasons why you should buy the Niva Bupa Health Companion Health Insurance are as follows:

• Extensive Coverage: Health Companion Policy offers several coverage benefits to the insured, some of which include organ donor expenses, in-patient hospitalization expenses, pre-hospitalisation and post-hospitalisation expenses, daycare expenses, health check-up, domiciliary hospitalization expenses, and modern treatments. The coverage depends on the sum insured. Other policy benefits include refill benefit, No Claim Bonus, lifetime renewability benefit, and a lot more. All in all, the policy comes with a lot of benefits which may bring some relief to the insured in case of a health emergency, and hence, is a preferred choice for many.
• Flexibility: With the Niva Bupa Health Companion Health Insurance plan, policyholders are given flexibility when it comes to choosing the sum insured. Policyholders can choose the sum insured ranging between Rs. 3 lakh - Rs. 1 crore with this policy.
• Add-ons: Additionally, the Niva Bupa Health Companion Health Insurance Plan offers optional covers such as hospital cash and Safeguard which you can include in your policy for additional coverage above the benefits of the base policy.
• Tax Benefits: Under Section 80D of the Income Tax Act, 1961, policyholders can also save on health insurance premiums with their Niva Bupa Health Companion Health Insurance Plan.
• Free Health Check-up: With the Niva Bupa Health Companion Health Insurance plan, you can also get the benefit of free health check-ups at the designated centers of Niva Bupa.

Add-ons Available with the Niva Bupa Health Companion Health Insurance Plan

Listed below are the add-ons or optional covers you can include in your Niva Bupa Health Companion Health Insurance plan:

• Hospital Cash: With this add-on, you will get daily cash benefits for your hospitalization. The maximum financial assistance you get with this add-on is up to Rs. 4000/day.

• Safeguard Add-on: This add-on provides you with coverage of non-payable items and even safeguards the sum insured if the health insurance claim amount is Rs. 50,000.

Variants of the Niva Bupa Health Companion Health Insurance

There are three variants available with the Niva Bupa Health Companion Health Insurance plan, Variant 1, Variant 2, and Variant 3. The three variants have almost the same benefits to offer, except for the sum insured. With Variant 1, you can choose the sum insured of Rs. 2,3, or 4 lakhs. On the other hand with variant 2, you can choose the sum insured of Rs. 5, 7.5, 10, or 12.5 lakhs. Variant 3 has a sum insured option of Rs. 15 lakhs - Rs. 1 crore.

Inclusions and Exclusions of Niva Bupa Health Companion Health Insurance

Inclusions:

• In-patient Care: Up to the sum insured, no room-rent capping
• Day care procedures: All daycare procedures are covered
• AYUSH treatment: Covered up to the sum insured
• Modern treatment: Up to the sum insured
• Pre-hospitalisation expenses: Up to 60 days
• Post-hospitalisation expenses: Up to 180 days
• Organ donor: Covered up to the sum insured
• Road ambulance cover: Up to Rs. 2000 per hospitalization
• Air ambulance cover: Up to Rs. 2,50,000 per hospitalization
• Vaccination for animal bite: Up to Rs. 5000
• Home care treatment: Up to the sum insured

Exclusions:

• OPD Treatment
• Unproven treatment
• Any injury due to involvement in adventurous activities
• Sleep disorders
• Dental treatment
• Treatment for alcoholism

Documents Required to Buy Niva Bupa Health Companion Health Insurance

Some of the documents required to buy the Niva Bupa Health Companion Health Insurance plan are as follows:

• A duly-filled application form
• PAN card
• Aadhaar card
• Income proof
• Bank account details
• Nominee details
• Copy of medical report
• Copy of previous health insurance policy

How to Buy Niva Bupa Health Companion Health Insurance Plan?

Listed below are some easy steps in which you can buy the Niva Bupa Health Companion Health Insurance plan:

• Visit the “Health Insurance” section on the official InsuranceDekho website.
• Choose "Niva Bupa Health Insurance" from the list of health insurance companies.
• Then, select "Health Companion" from the available health insurance plans.
• Read the policy documents carefully
• Upload all the necessary documents to complete the KYC process
• After finishing the KYC process, pay the premium online
• Finally, you will receive the policy document in your registered email

Claim Process of Niva Bupa Health Companion Health Insurance Plan

The health insurance claim settlement with the Niva Bupa Health Companion Health Insurance Plan can be met either through a cashless or reimbursement claim. In the cashless claim, your medical bills will be directly settled. On the other hand, in a reimbursement claim, your medical bills will be reimbursed by the insurance company.

Cashless Claim

• Visit a nearby network hospital
• Inform the insurance company about the hospitalisation and fill out the pre-authorisation form
• Submit documents such as policy paper and others along with the form to Niva Bupa
• Niva Bupa will then verify all the documents
• Once, everything has been approved, the hospital bills will be directly settled by Niva Bupa

Reimbursement Claim

• First, make a visit to the non-network hospital
• Next, pay for the medical expenses
• Then, raise a claim on Niva Bupa website and submit all the relevant documents
• Once, your claim request will be approved, all the medical expenses will be reimbursed by the insurance company