A comprehensive health insurance scheme that covers the entire sargam of treatment is something that customers look forward when purchasing the policy. Now, the Galaxy Health Insurance Company, Surrogacy, Oocyte Donor provides coverage for a complete host of treatment from transplantation – all under their ‘Galaxy Promise Signature’ scheme.
There will be no change in the premium until the insured claims or whatever is earlier for 55 years. ‘Assisted Reproduction Treatment’ is covered 5 lakhs. Under this, surrogacy and oocyte donor expenses have been covered. The scheme offers the insured person the option of ‘no claim discount’ in place of ‘No Claim Bonus’, which is usually given by the insurers in a claim-free year. No -calm discount based on insured amount is 2% -4%.
Here are the main features of the product:
Both husband and wife should be covered to claim the benefits of ‘Assisted Reproduction Treatment’ (ART) under this policy continuously for a minimum period of two years. The insurer will pay for a ‘Assisted Reproduction Treatment’ cycle in a policy year.
Surrogate mother and oocyte donor should be between 25 years to 35 years of age and the proponent should be one of the interested couples. Galaxy Health Insurance said, “The proposal for insurance should be made for OOCT donor from ovarian stimulation 30 days before and/or 30 days before the fetal transfer to the surrogate mother.
Not available for automatic restoration of the insured person ,Aided fertility treatment ‘. The expenses of pre -and subsequent treatment are also excluded. Pre -and postpartum care and delivery expenses are not payable to the surrogate mother.
“After the completion of a 36 -month period, the surrogacy cover for the surrogate mother will be excluded and all other coverage will continue. After the completion of the 12 -month period, the OOCT donor cover will be excluded for OOCT donor and all other coverage,” Galaxy Health Insurance, a Standalone Health Insurance Company and a Standalone Health Insurance Company, Company, Company and
The coverage excludes the payment for services provided for a circle, cryoprasulation and costs related to storage of sperm, eggs and fetus, a fetus selective termination, surgery/procedures that increase fertility with “tubal outlook, bariatric surgery, deverian drilling and other surgery.”
“Couple, surrogate mother and surrogacy clinic should follow the surrogacy Act and Art Act. Surrogacy and OOCT donation should be made at https://artsurrogacy.gov.in/ in a recognized center registered with national art and surrogacy registry.” The same applies to oocyte donors.
Policy also includes maternity expenses Insurance of 2 lakh or 10% yoga, whichever is less. It provides covers for a new birth child 5 lakh or 10% yoga, whichever is less. The waiting period for floor policy is two years and four years for single woman policy for first delivery. There is no waiting period for later delivery. The insurer covers cataract expenses up to the insured amount under the scheme.
Here are some other characteristics of the policy:
Insta care cover
Asthma, blood pressure, cholesterol covered from 31st day
There is no need for any harmony
Automatic restoration: Unlimited restoration (applied to the same disease/ various diseases)
Consumer ingredients and other charges:68 consumables and admissions, records and insurance processing fee are covered
Cumulative bonus: 100% of the sum insured will be provided if no claim is made in the first year of policy. 25% of the insured person will be provided to the maximum of 500% for each subsequent claim free year.
Care processes are covered all day
Home Care Treatment: Covered up to 10% to insured or maximum 5 lakh whichever is less.
household size: Covered up to 2A+3C. (Two adults and three children). Parents can be covered as a separate unit.
Insurance option: 5 lakhs, 7.5 lakhs, 10 lakhs, 1.5 million, 2 million, 25 lakhs, 50 lakhs and 1 crore. The word policy is for one year, two years and three years.
Age of admission: Adult -18 years to 65 years. Dependent children -16 days to 25 years.
Room rent: Insurance 5 lakhs 20 lakhs were covered up to the ‘deluxe’ room. Insurance 25 lakhs and above – reached any room.
Pre -existing diseases: Diseases specified from 24 months to 18 months* and already existing disease from 36 months to 25 months*. The waiting period on the payment of additional premium can be reduced by 24 months or 12 months. * (Applied to Signature Plan, 3 -year term).
Pre -and post hospital recruitment cover:90 days and 180 days respectively.
Domictive hospitalized hospital: Covered for the insured person, the second medical opinion is also covered.
Hospice care: Covered up to 10% to insured or maximum 5 lakh whichever is less.
Organ transplant: Covered for the insured person.
There is no claim exemption of cumulative bonus: Insured person 5 lakhs and 7.5 lakh- 3% yoga, 10 lakhs and up – 1%.
Organ donor expenses for insured: The insured person is included, if the insured donates the organs.
For donor: Additional amount insured, covered for the insured original amount for any complications which require a REDO surgery/ ICU entry.
Air ambulance: Covered up to 10% to insured or maximum 2.5 lakhs.
Modern treatment and robotic surgery: Covered for the insured person.
Road ambulance: Covered for real.
Allerjan M is a journalist with two decades of experience. He has worked with several major media organizations in the country and has been writing on mutual funds for almost 16 years.
