Max Bupa Health Companion Plan

Max Bupa Health Companion is a cost-effective plan that comes out with hosts of benefits which includes direct claim settlement, pre and post hospitalization expenses along with a cover of up to Rs 1 cr among others. The plan offers assured renewal for life.

You might face a point in life when you will be not ready for any unwanted challenges. And out of all, a medical or accidental emergency is at the top that can ruin the current lifestyle. There is no doubt in saying that nowadays the healthcare cost is rising day by day. And in this era a single medical emergency, a person can easily ruin your savings and happiness as well.

Paying huge cost for such treatments, for an expensive medical test, hospitalization, several day care procedures, etc, will not be easy. An emergency can be big or small but the charges of the same surely are expensive, so your savings might not be sufficient. So, here Max Bupa Health Companion plan comes to your rescue and covers all your medical expenses smartly.

The support that Max Bupa Health Companion is not limited to monetary support but it also offers the required mental support. It will offer the required peace of mind to you. The plan will be there with the needful financial support in case of an emergency.

It is true that unexpected illness can easily drain your hard earned money and may also force you to borrow money from others. Max Bupa Health Companion is designed in a way that can deal with all such medical contingencies. It will protect you, your loved ones and savings from the unforeseen situation.

Highlights of Max Bupa Health Companion Plan

1. The policy is specially designed for Individual, Couple, Nuclear Family & Extended Family
2. You will get the comprehensive cover up to Rs.1 Crore under the same
3. This plan offers the lifetime renewability
4. It also comes out with smart Top-up options that offer additional coverage
5. This plan is liable to offer the cashless treatments in more than 3500 network hospitals
6. On choosing a two-year policy, you will get a 12.5% discount on second year's renewal premium
7. Tax benefit under Section 80D of the Income Tax Act

How does Health Companion Plan work?

Well, when it comes to investing in Max Bupa Health Companion, you will get the option to choose between Individual and Family cover option. The Family Cover is further divided into 2 option, viz – Family Floater and Family First

Family Floater: Under the same, you can choose the sum assured on the basis of 3 variants of cover.

Here's the combination that you can choose from

• 1 Adult + 4 children (minimum 1, maximum 4)
• 2 Adults
• 2 Adults + 4 children (minimum 1, maximum 4)

Family First: This is the plan which is designed to cater to different health insurance needs of a family. There are basically 2 levels in this plan, viz - Individual sum insured & Floater Sum Insured.

Individual Sum Insured – It offers flat sum insured for each family member

Floater Sum Insured – It offers to cover a single cover for all members and can be used for any member. Once his/her individual sum insured is exhausted.

Features of Health Companion Plan

1. Day Care Treatments
   Because of scientific advancement, a few procedures and treatments do not ask you to get hospitalized for a minimum of 24 hours to file a claim. This plan is designed in a way that can cover all such procedures.
2. No-Claim Benefits
   No claim benefit is basically a form of a bonus that you will get for every claim free year. It can be equal to 20% of your basic sum assured or up to maximum 100%. It will not be there if you file any claim within the policy's tenure.
3. Organ Donor Cover
   Any expense that you made towards an organ donor's treatment for the harvesting of the donated organ is covered up to the sum insured.
4. Pre Hospitalization
   Under this feature of this plan, you will get the cover for the expenses associated to 30 days before the hospitalization.
5. Post Hospitalization
   Like pre-hospitalization feature, this plan will offer the required cover against post hospitalization as well (60 days after hospitalization).
6. Restore Benefits
   This feature of this plan refills the sum assured in the case where the no claim bonus has been partially or completely exhausted. This feature is there to refill up to the base sum insured. It is not liable in case of the family health plan.

Additional Benefits

Apart from the basic features and benefits, this plan has come out with several additional benefits.

A few of them are mentioned below:-

1. Opd Expense Cover
   OPD treatment is liable to get the cover only in case of vaccinations or immunization after an animal bite. Such covers range from Rs.2,500 – Rs.7,500 depend upon the different variants of the plan.
2. Health Check-Up
   This benefit varies according to the plan to plan. Under the same, the insured will be liable to avail a complimentary health checkup during the policy's tenure.
3. Domiciliary Hospitalization
   Domiciliary hospitalization is also popular by the name of home hospitalization. Under the same, you will be liable to get the treatment at your home. The mount should be up to the chosen sum assured. There are few terms and conditions attached to this plan. You must check the policy's document for a deep understanding.
4. Non- Allopathic Treatment Expense Cover
   The plan is popular to cover expenses which are related to non-allopathic treatment that includes Ayurveda, up to a maximum limit of the base sum insured.
5. Emergency Ambulance
   In the case where you have to go for an ambulance cover for your hospitalization, this policy will also reimbursement the same up to Rs.3,000.
6. Pre Existing Cover
   The plan is also offer the required coverage to the insured but after a selected time tenure. The tenure can be of 1 or two years. After this fixed tenure, the plan will be liable to cover your pre-existing disease.

Value Adds

1. Daily Hospitalization Allowance
   Apart from basic features and benefits, this plan allows you to opt for daily cash allowance from Rs.1,000 to Rs.4,000 per day. After 48 hours of hospitalization claim for this benefit. It will be there with you for a maximum of 30 days of being in the hospital.
2. Top Up Plan On Annual Aggregate Basis
   Top up plans are there to offer the additional cover to the insured. The choice of deductible ranges from Rs.1 lakh to Rs.10 lakh. Top up plans basically increase the sum insured and boost the overall cover. This is to supplement your base policy.
3. Critical Illness Cover
   You might have to pay an additional premium to add this feature. It will provide the cover against critical diseases that are unable to get coverage under the basic health insurance plan.
4. Tiered Hospital Network
   Cashless facility is there to offer the worry-free service. It will take care of all medical bills only if you are taking the treatment in the network hospital. If you don't want to go for this then you can take help of reimbursement mode.
5. Free Look Period
   Because of any reason, if you think that you don't want to proceed with the policy, then you can return the same and can get a refund within 15 days.

Permanent Exclusions

The Plan will not be liable to offer the cover in a few cases such as

1. Suicide
2. Pregnancy, childbirth, miscarriage, and abortion
3. AIDS
4. Use of alcohol or drug
5. Congenital disease
6. Hospitalization out of war, riot, strike and nuclear weapons
7. Infertility and in vitro fertilization.

It is advisable for you to check the policy document thoroughly to get a clear cut idea about the policy.

Eligibility Criteria

Premium Illustration

Here is the sample rate of premium payable. This is for a non-smoking male living in Mumbai. The Sum Insured is Rs.10 lakhs and the policy is taken for 1 year. The premium can vary according to the health history, etc.

Example- Rahul is a newly married man and working at a reputed firm in Gurgaon. The new couple was excited about their new journey. Suddenly, he falls sick and when it comes to the reports, he was diagnosed with a very serious disease that is very costly. After investing huge money on his wedding and other associated funds he was left with no money. But he was smart enough to insure himself during the initial days of his job. He opted gr Max Bupa Health companion as it was a perfect fit according to his requirements and needs. His wife contacted the insurer and ask for the claim. Within a short span of time, Rahul took the required treatment at one of the network hospitals and avail the cashless benefit. He also got the post-hospitalization assistance which really saves the couple from several other difficulties.

By paying a minimal amount of Rs 9634 yearly in starting he successfully saves his family from several unwanted situations. Now he is fine and ready to insure his wife under the same plan.

Is it ok to by Max Bupa Health Companion Online?

Yes, in fact, it is better to purchase the same online as there are several discounts that you can get. By buying online, you will be able to save more and it also helps in saving time. The online presence of the company has made it all easier for you. The entire buying process is easy and affordable that you can perform from anywhere and anytime. You don't have to rush to the insurance company. The portal has simplified almost every step, whether it is related to your purchase, claim, etc. By sitting at your home, you can check features and benefits of the plan and can compare it with other options before taking a final step. So you must go for the online medium for your purchase.

Claim Process

Unlike other insurance companies, the claim settlement of Max Bupa Health Companion is extremely easy and helpful. You don't have to rush to the office to file the claim, you can do the same online as well. The company is releasing the claim amount in two manners and that is cashless and reimbursement.

Cashless- Under this form of payment, the company clears all dues of treatment in the hospital only. You don't have to pay anything from your pocket for the treatment. With the same, you can completely focus on the treatment rather than the cost of it.

Reimbursement- Under this form of claim settlement, you have to pay for the treatment on your own and then the insurance company will reimburse the amount accordingly.

About Max Bupa Health Insurance Company

Max Bupa Health Insurance Company Ltd. which is a renowned health insurer founded by the collaboration of Max Limited and UK's Bupa (a healthcare services specialist) is offering a wide range of effective health insurance products and Max Bupa Health Companion. With this classic blend of global expertise in both healthcare and insurance offers a complete edge to the company when it comes to family's health and well being.

In India, Max India Limited carries a wider customer base that comprises a life insurance company, hospitals, researchers, etc and it also has a great dealing with its client. Simply, Max Bupa Health Insurance Company is in the healthcare domain for many years and carry expertise in that as well. The company has its presence in 190 countries and hold a customer base of  29 million customers. This organization is offering a great mixture of health and wellness which can take care of you and your family.

With the commitment of maintaining a long-term relationship with its client, the company is offering great customer service. The company is here to offer every possible service.

Summary

It is an effective health insurance policy that is there to deal with almost all forms of medical emergencies. The plan is a complete hospitalization cover no co-payment and refill benefit in case you exhaust the basic sum assured. The company has a long list of network hospitals which make sure that you are getting the right treatment on time and that too worry free. With w wide range of cover amount varying from Rs.2 lakh to Rs.1 crore, the plan is a value for money.