Health insurers are getting innovative and providing jumbo benefits to customers. After ICICI Lombard’s ‘Elevat’, which offers Anant Yoga, 100% cumulative bonus and unlimited restoration benefits and the ‘superstar’ of Star Health Insurance, which offers the same benefits with the option to lock at its age on entry, which is fixed until the payment of premium is fixed until any claim is made for ‘premium’.
These three schemes of major insurers provide unique features to insured individuals. Here are some of the major benefits that provide these schemes.
‘Ultimate Care’ by Care Health Insurance
Premium Peback: If the insured protests for this benefit and no claim is made for five consecutive consecutive years, the company will return the premium of the first policy year of the base plan. “This benefit will be payable only once in each block of five years,” Care said.
Unlimited cover: The company will cover the expenses incurred in the hospital without any restriction/ limit on the annual ‘yoga insured’ for any one claim during the lifetime of policy. But it is subject to conditions.
“This benefit can be selected only during the establishment of the policy despite the policy tenure. Once chosen, the insured person should continue this benefit for five continuous policy years,” Care said. The advantage, however, is subject to all boundaries, sub-boundaries, coexistence and cuts.
Tenure multiplier: This benefit allows insured individuals to combine the annual ‘Yoga insured’ of the policy in the entire policy tenure in terms of multi-year policy. It can be used once during the entire policy period for a single claim. This advantage, however, will be subject to all applicable boundaries, sub-boundaries, coexistence and cuts.
For example, if the insured person has a three -year policy with annual ‘Yoga’ 5 lakhs, there will be total coverage available under this benefit 1.5 million ( 5 lakh x three-year-old policy period).
Faithful promotion: If the insured does not claim any claim for seven consecutive years, the company will provide an additional 100% of ‘Yoga insured’ as ‘promoting loyalty’. The company said, “The waiting period for this additional ‘insured person’ will be waived.”
Infinity Bonus: The insured will receive a flat 100% on a cumulative basis on a cumulative basis on a cumulative basis based on the infinity bonus, despite the claim for each complete and continuous policy year, for the unlimited period.
Unlimited automated recharge: The insurer will automatically re -establish an amount for unlimited time in Aadhaar year in a policy year. But it is subject to situations that do not include ‘to take forward the recharge’.
Instant cover: The company will waive the PED (pre-melodious disease) applied to diabetes, hypertension, hyperlipidemia, asthma, obesity, hypothyroidism and coronary artery disease if the coronary angioplasty policy is done one year before purchasing. The coverage policy will begin on the 31st day of the start date.
‘Ultimate Care’ also provides covers for subsidiary fertilizer treatment including maternity expenses, newly born children, vaccination, surrogacy and oocyte care. Customers have to wait up to 36 months to cover already existing diseases.
ICICI Lombard ‘Eleivet’
Anant Yoga: The policy includes medical expenses incurred by the insured person for any one claim during the lifetime of any limit by the insured person. The ICICI said, “Once chosen, the alternative cover should be constantly selected by the insured person, until any claim is made under this cover,” ICICI said.
Power booster (guaranteed super bonus): If the insured protests for this, each policy despite the claim launched at the end of the year, each policy at the end of the year to eliminate the annual ‘yoga insured’ (whichever is low) or apply a 100% cumulative bonus of renewed. But the policy is to be constantly renewed and the power booster can be stored. “This cover will not be available for policies with unlimited annual yoga,” said ICICI.
jump start: Under this, chronic diseases like asthma are covered from the 31st day of policy if the insured declares that he has the same when he buys the policy. Covered diseases include diabetes, hypertension, hyperlipidemia, obesity, coronary artery diseases if the coronary angioplasty policy is performed a year before purchasing.
Reset benefits: ICICI will reset (restore) up to 100% of the annual ‘yoga insured’ for any disease/disease/injury for unlimited time, which is subject to conditions. “This benefit will not be available for policies with unlimited ‘yoga insured’ options. The reset profit will not be triggered for the first claim made during the policy year. The total amount of the reset will not be more than the annual ‘Yoga Insurance’ for that policy year,” ICICI said.
‘Elevat’ provides assistance in fertility treatments including maternity expenses, newly born baby treatment costs, surrogacy and oocyte care. Customers have to wait for 36 months, during which already existing diseases are not covered.
Star Health’s ‘Superstar’
Freeze your age: The insured person’s age is closed at entry when they are first insured under the policy and continuously covered under subsequent renovation, until a claim in-class treatment / day care treatment / under the basic cover under care treatment / AYUSH treatment or under age treatment or when they get 56 years of age, whichever is earlier. For example, if you buy a policy when you are 30 years old, you will continue to pay the same premium every year until you claim.
“This benefit will be available only to the insured members whose age is up to 50 years at the beginning of the first coverage under this policy. This benefit will be closed once the insured member will be closed despite getting 56 years of age, whether claimed or not,” Star Health said.
Immense care: The policy will offer coverage for any one claim during a lifetime of policy without any limit on ‘yoga’. But the alternative cover should be selected continuously until any claim is made under this cover. Once a claim, the cover will come into existence.
Quick shield: Under this, chronic diseases are covered after 30 days. These include diabetes, high blood pressure, asthma, hyperlipidemia and coronary artery diseases if the coronary angioplasty policy is performed a year before purchasing.
Automatic restoration of insurance: The policy provides automatic restoration of insured amount for unlimited numbers and maximum maximum up to 100%, which can be used to be admitted to subsequent hospitals. The company said, “The maximum amount payable for the same claim will not be more than ‘Yoga insured’ under restoration benefits.” Uncontrolled restoration ‘Yoga Insurance’ cannot be carried forward for the next policy year and the profit does not apply to policies with ‘unlimited yoga insurance’.
The ‘superstar’ also provides covers for supportive fertility treatment including maternity expenses, newly born baby treatment costs, vaccination, surrogacy and oocyte care. The waiting period of non-coverage of pre-existing diseases is 36 months.
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.
