Max Bupa Health Insurance Company Ltd. is a health insurer founded by the collaboration of Max Limited and UK's Bupa (a healthcare services specialist) offering a wide range of health insurance products.
Paying the huge costs for medical treatments, for an expensive medical test, hospitalization, several daycare procedures, etc., can drain all your hard-earned money or your savings. Max Bupa Health Companion comes out with benefits such as 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.
|Age at Entry (in completed years)||Children from 91 days||Adults - No Bar|
|Plan Tenure||1 year||2 year|
|Premium Paying Options||Single Pay||NA|
|Sum Assured||Rs. 1 lakh||Rs. 50 lakhs|
A medical or accidental emergency can disrupt your current lifestyle drastically. Max Bupa Health Companion Plan shields your savings against unexpected medical costs. Let's discuss the key features of Max Bupa Health Insurance designed to help you lead a financially healthy and secured life.
The policy is specially designed for individuals, couples, nuclear & extended families. This plan covers following relationships:
Max Bupa Health Companion plans offer several benefits such as day care treatments, no-claim benefits, pre, and post-hospitalization. Let's explore them:
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 covers all such procedures.
No claim benefit is a form of bonus that you will get for every claim-free year. It can be equal to 20% of your basic sum assured or up to a maximum of 100%. It will not be there if you file any claim within the policy's tenure.
Organ Donor Cover
Any expense that you make towards an organ donor's treatment for the harvesting of the donated organ is covered up to the sum insured.
Under this feature, you will get the cover for the expenses associated with 30 days before the hospitalization.
Like the pre-hospitalization feature, this plan will offer the required cover against post-hospitalization as well (60 days after hospitalization).
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 applicable in the case of the family health plan.
Apart from the basic features and benefits, this plan has come out with several additional benefits.
A few of them are mentioned below:-
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 depending upon the different variants of the plan.
This benefit varies from plan to plan. Under the same, the insured will be liable to avail a complimentary health check-up during the policy's tenure.
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 amount should be up to the chosen sum assured. There are a few terms and conditions attached to this plan. You must check the policy's document for a deep understanding.
The plan is popular to cover expenses that are related to non-allopathic treatment that includes Ayurveda, up to a maximum limit of the base sum insured.
In the case where you have to go for an ambulance cover for your hospitalization, this policy will also reimburse the same up to Rs.3,000.
The plan also offers the required coverage to the insured but after a selected time tenure. The tenure can be of one or two years. After this fixed tenure, the plan will be liable to cover your pre-existing disease.
1 Daily Hospitalization Allowance
Apart from basic features and benefits, this plan allows you to opt for a 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 additional cover to the insured. The choice of deductible ranges from Rs.1 lakh to Rs.10 lakh. Top-up plans 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
A cashless facility is there to offer 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 the 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.
Well, when it comes to investing in Max Bupa Health Companion, you will get the option to choose between Individual and Max Bupa Health Companion Family Floater cover options. The Family Cover is further divided into 2 options, Family Floater and Family First.
Family Floater: Under the same, you can choose the sum assured on the basis of three variants of cover.
Here's the combination that you can choose from:
Family First: This is the plan which is designed to cater to the different health insurance needs of a family. There are basically 2 levels in this plan which are - individual sum insured & floater sum insured.
Individual Sum Insured: It offers a flat sum insured for each family member.
Floater Sum Insured: It offers a single cover for all members and can be used for any member once his/her individual sum insured is exhausted.
This table illustrates the comparison of three variants of Max Bupa Health Insurance. Let's explore them for a better understanding.
|Features||Variant 1||Variant 2||Variant 3|
|Coverage||Cover up to Rs. 4 Lakh||Cover up to Rs. 5 lakh to Rs. 12.5 lakh||Cover up to Rs. 15 lakh to Rs. 1 crore|
|Health Check-up||Once in 2 years||Annual check-up||Annual check-up|
|Cover starts from||Rs. 3 lakhs - Rs. 4 Lakhs||Rs. 5 lakhs - Rs. 12.5 lakhs||Rs. 15 lakhs - Rs. 1 crore|
|Sum Insured Options||3 Lakhs, 4 Lakhs||5 lakh, 7.5 lakh, 10 lakhs, and 12.5 lakhs||15 lakhs, 20 lakhs, 30 lakhs, 50 lakhs, and 1 crore|
|Inpatient care||Covered up to sum insured||Covered up to sum insured||Covered up to sum insured|
|Hospital Cash||Up to Rs. 1,000/-per day||Up to Rs. 1,000/- per day||Up to Rs. 4,000/- per day|
|Premium Starts from||Rs. 5,085/year||Rs. 5,085/year||Rs. 5,085/year|
|Emergency Ambulance||Up to Rs. 3000|
|AYUSH Treatment||Up to the base, the sum insured|
|No Claim Bonus||20% of the base sum insured up to a maximum of 100%|
|Vaccination (in case of an animal bite)||Up to Rs. 2500||Up to Rs. 5000||Up to Rs. 7500|
|Domiciliary Hospitalization||Covered up to the base sum insured|
|Room Rent||Covered up to Sum insured|
The plan will not be liable to offer the cover in a few cases such as:
SuicidePregnancy, childbirth, miscarriage, and abortionAIDSUse of alcohol or drugCongenital disease Hospitalization out of war, riot, strike, and nuclear weaponsInfertility and in vitro fertilization
It is advisable for you to check the policy document thoroughly to get a clear-cut idea about the policy or go through the Max Bupa Health Companion Plan Brochure.
Here is the sample rate of Max Bupa Health Companion premium payable. This estimate is for a non-smoking male of 30 years 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/medical history, etc. The family floater variant has been assumed to include 2 adults and 1 child.
Premium Payable by Individual and family at different ages
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 a lot of 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 for Max Bupa Health companion as it was a perfect fit according to his requirements and needs. His wife contacted the insurer and asked for the claim. Within a short span of time, Rahul took the required treatment at one of the network hospitals and availed the cashless benefit. He also got post-hospitalization assistance which saves the couple from several other difficulties.
Initially, by paying a minimal amount of Rs 8219 yearly, he successfully saves his family from several unwanted situations. Now he is fine and ready to insure his wife under the same plan.
For a quick and time-saving process, consider buying from the company and PolicyX.com. Below are the steps for the same:
The company releases the claim amount in two manners - cashless and reimbursement.
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.
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.
Let's discuss the Max Bupa health insurance renewal process. Follow the below steps to renew your policy easily:
What is Domiciliary Hospitalization
Introduction About Ayushman Bharat Yojana or PMJAY
Common Exclusions In A Health Insurance Policy
Medical Indemnity Insurance
Health Insurance Claim Settlement Ratio
Health Insurance FAQs
Benefits Of Renewing Health Insurance On Time
Preventive Health Checkup
It is an affordable plan that comprises of direct claim settlement, pre and post-hospitalization expenses along with a cover of up to Rs 1 cr among others.
Yes, for your health insurance needs you can easily trust this plan as it carries the features that can go well with different needs. And the company itself is very good when it comes to health insurance claim ratio.
The company believes in offering hassle-free claim settlement service. They will be there to support you throughout the process. The helpful customer service will be there to assist you with each and every crucial step.
Yes, the company holds a long list of network hospitals, so if a person is taking treatment in one of such hospital, he/she will be liable to get cashless service and can fully focus on the treatment rather than the expenses.
Most of the companies can ask you for the same. It is advisable to go for a senior citizen plan to avail such required cover. You might have to go under a medical test.
You can insure yourself or your family for one or two years under the same. If you choose a two-year plan then you will be liable to avail huge discounts on the same.
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