How do I cancel my Niva Bupa Health Insurance?
Thinking of dropping your health policy? Read this support article for Niva Bupa policy cancellation.
However, the decision to cancel a health insurance policy is not considered a good option. The reason? You will not be able to receive medical support against your policy in time of an emergency. Additionally, you might lose all your financial savings in a medical emergency, be it on hospitalization, treatment procedures, doctor's consultations, and so on.
However, insurance companies don't encourage their policyholders to cancel the policy. According to the administrative rule, a customer is always free to make or break a decision of theirs. There could be 'n' number of reasons for cancelling your health insurance which has probably led you to this page. So, we're here to give you the right information and support.
This page discusses everything you need to know about Niva Bupa policy cancellation refund, how to cancel Niva Bupa health insurance, all the important points to consider while cancelling your health insurance, and more.
How to cancel Niva Bupa Health Insurance?
Here are the steps to Niva bupa policy cancellation online medium:
- Go to the 'Policy related' section of Niva Bupa Health Insurance
- Click on the tab 'cancel policy' > free look period/mid-term
- Enter the registered mobile number followed by the OTP received on the same number
- Select the name of your policy and click/write down the reasons for cancellation
- 'Proceed' and you'll receive an email or SMS on initiation regarding the cancellation of your policy
Benefits of Niva Bupa policy cancellation during the free look period
Read below to get the best answer to 'Why should I cancel my Niva Bupa health insurance policy in the free look period':
You can review your policy
You have some more days in your hands to thoroughly read all the terms and conditions of the policy. You can raise any concern to your insurer that you may come across during this period. Afterwards, make an educated decision whether to keep this policy active to receive all the coverage benefits or not.Flexibility to make a change
You get ample opportunity to decide further about making any changes to your policy. Even if you feel you no longer need this policy, or you're not able to afford the premiums, or you have got any other insurance plans that are more likely to fulfil your expectations and suitability than the current one. You can proceed with policy cancellation taking any of these concerns into consideration.Play safe with no financial loss
Cancelling your Niva Bupa health insurance during the free look period ensures that you get 100% refunds of all the premiums paid against your policy (after only selective deductions from the refund percentage, as per the policy schedule).Protection of consumer rights
The free look period elevates customer rights protection by providing them time to understand all the related terms and conditions of their policy. This is beneficial for those as well (mainly for senior policyholders and individuals with any kind of disability) who are not capable of reading or deciding the suitability of their policy's terms.Decide to live worry-free
For a long-term financial goal, this is crucially important to take note of all the decisions right before fully investing in a policy. A free look period helps you emphasize what you want and what are you getting in return from an insurer. Hence, securing your mental peace and saving you from the oxidative stress of a big loss.
Niva Bupa Health Insurance Network Hospital List
Niva Bupa Health Insurance Network Hospitals are present in 32 states nationwide. With a wide network of hospitals, Niva Bupa Health Insurance ensures that you are medically secured, irrespective of the city you reside in.
What should you do during the free look period?
Don't get overwhelmed by the external influence, instead relax and go through the free-look process calmly. Here's what you need to do during the free look period:
- Compare similar-level policies from different companies
- Read your policy documents carefully and thoroughly
- Decide to either keep or switch the insurance company
- Take action at a fast pace, as you only get 15 days of the free-look period
- Keep all the records handy about your policy commencement
Deductions on the refund for Niva Bupa health insurance cancellation
All the deductions on your premium refund will be categorized on the following basis:
- Administrative charges and stamp duty
- Medical expenses that are borne by the insurer on pre-policy medical check-ups
- The pro-rated risks related to paid premiums during a policy period (till the time the policyholder is covered)
Percentage of Niva bupa policy cancellation refund
This table shows how much will be the deductions applicable against the cancellation of the Niva Bupa health policy after the free look period:
| Policy Tenure |
| 1 Year | 2 Year | 3 Year |
| Policy in force (up to) | Percentage of refund (premium) | Policy in force (up to) | Percentage of refund (premium) | Policy in force (up to) | Percentage of refund (premium) |
| Up to 30 days | 75% | Up to 30 days | 87.5% | Up to 30 days | 90% |
| 31 to 90 days | 50% | 31 to 90 days | 75% | 31 to 90 days | 87.5% |
| 91 to 180 days | 25% | 91 to 180 days | 62.5% | 91 to 180 days | 75% |
| Above 180 days | 0% or Nil | 181 to 365 days | 50% | 181 to 365 days | 60% |
| 366 to 455 days | 25% | 366 to 455 days | 50% |
| 456 to 545 days | 12% | 456 to 545 days | 25% |
| Above 545 days | 0% or Nil | 545 to 720 days | 12% |
| Above 720 days | 0% or Nil |
Source:- This table is about Niva Bupa's Aspire and Reassure 2.0 plans. However, it may vary from plan to plan, henceforth the policyholder is responsible for getting all the information from their specific policy wordings.
Note:- The table of policy refunds on cancellation is subject to only annual/yearly/one-time premium payments made against the policy. Does not apply to quarterly, half-yearly, or/and monthly premiums. The percentage of refunds may also be subject to variability according to market change.
Ask these questions before considering Niva Bupa health insurance cancellation
Here are some of the important aspects that you must consider before initiating the cancellation of your Niva Bupa health insurance:
- What are the reasons for policy cancellation?
- Are you getting the portability benefit somewhere else?
- Are you getting more affordable premiums with another insurer?
- Do you have enough financial backup to beat medical/healthcare inflation?
- Do you have another insurance policy to cover up any discrepancies?
- If you have a family history of any medical issues, then is it safe to lose health insurance?
- Are you responsible for other dependants of your family members in terms of their well-being?
- Are you ready to suffer with the deductions on refund on the overall premiums that you've paid (if you've crossed the free look period)?
Note:- If the policyholder does not initiate cancelling the policy during the given 15-day free look period, they can wait till the grace period of 30 days with their policy. Once, you've surpassed the grace period of your policy and haven't made any payment of policy premiums, the policy stands out as cancelled.
Takeaway: When should I cancel my health insurance?
Here are some useful tips that you must not forget to read:
- Cancel your health insurance policy during the free look period
- After the free look period of the policy, there will be specific deductions in the refund
- Yes, you get your money back after cancelling the policy (condition - you must read the rate % in your policy wordings)
- You cannot get a full refund once you've completed the free look period
- You can only get a 100% refund of all the premiums within 15 days of the Niva Bupa health insurance plan purchase
- Different plans have different percentages of deductions and refunds, that you must clarify from your insurer.
Are you still curious and searching for further information about cancelling your health insurance?
Don't worry, read all other aspects of health policy cancellation here. You can also reach out to the expert advisors of PolicyX.com to resolve your queries on 1800 4200 269.
Niva Bupa Health Insurance Plans
Now that we have the list of diseases covered by Niva Bupa Health Insurance Plans, let us look at all the health insurance plans offered by this trusted insurer.
Comprehensive
This plan is designed for youngsters and allows the policyholder to go overseas for treatments.
Unique Features
- Exclusive maternity benefits
- Adoption is included
- Borderless facilities
Niva Bupa Aspire Plan (Pros)
- Overseas treatment coverage
- Booster benefit
- Covers organ donor transplant
- Second medical opinion
- Teleconsultation
Niva Bupa Aspire Plan (Cons)
- No suicide cover
- No war injury cover
- Baby food & utility charges excluded
- Laundry charges excluded
- No certificate charges
Niva Bupa Aspire Plan (Other Benefits)
- 4 unique variants of the plan
- Cash-bag benefit
- WellConsult OPD Wallet
- Cashless claim settlement
- AYUSH Treatment
Niva Bupa Aspire Plan (Eligibility Criteria)
- Entry age - 18 years
- Max entry age - No AgeLimit
- SI - INR 3L to 1 Cr
- Waiting Period - 30 days
Comprehensive
A complete health insurance policy that covers you and your family with a wide range of SI (3 Lakh to 1 Crore) and continues to give you more benefits.
Unique Features
- Covers a maximum of 6 members
- Unlimited SI restoration
- Coverage for modern treatments
Health Reassure Plan (Pros)
- Booster benefit
- Organ donor transplant
- ReAssure
- Live Healthy Benefit
- Second Medical Opinion
Health Reassure Plan (Cons)
- No OPD Cover
- No Maternity Cover
- No Sleep Disorder Covered
- No Suicide Cover
- No War Injury Cover
Health Reassure Plan (Other Benefits)
- Air Ambulance
- Hospital Cash
- Personal Accident Cover
- Domiciliary hospitalization
- Day care treatment
Health Reassure Plan (Eligibility Criteria)
- Entry Age - 18 Years
- Max Entry Age - No Age Limit
- SI - 3 L to 1 Cr
- Waiting Period - 30 Days
Comprehensive
An individual and family plan that covers all day care treatments, modern treatments, comes with a safeguard add-on and provides annual health check-ups.
Unique Features
- No room rent capping
- 20% no-claim bonus on SI
- 100% SI restoration
Health Companion V2022 (Pros)
- 5% Doctor Discount
- 10% Family discount
- Tenure Discounts of upto 15 %
- Annual Aggregate Deductible
- Home Care Treatments
Health Companion V2022 (Cons)
- No OPD Cover
- No Maternity Cover
- Cosmetic Surgery Uncovered
- Specific Diseases after 2 yrs
- No Alcoholism Cover
Health Companion V2022 (Other Benefits)
- Air Ambulance
- Modern Treatments
- Vaccination on Animal Bite
- Organ Donor Benefit
- Domiciliary treatments
Health Companion V2022 (Eligibility Criteria)
- Entry Age - 18 Years
- Max Entry Age - No Age Limit
- SI - 3 L to 1 Cr
- Waiting Period - 30 Days
Comprehensive
A policy for you and your family which covers modern treatments, laser surgery, e-consultations, annual health check-ups, and coverage of 3 Crores.
Unique Features
- Maternity Cover
- International coverage
- In-Built travel insurance
NivaBupa Health Premia (Pros)
- Refill benefit for any illness
- 10% Loyalty Additions in SI
- Tenure Discounts of upto 15 %
- Worldwide Maternity Benefit
- In-patient care
NivaBupa Health Premia (Cons)
- No OPD Cover
- No HIV/AIDS Covered
- 20% co-payment
- Pre-existing Diseases after 2 yrs
- Treatment for Alcoholism
NivaBupa Health Premia (Other Benefits)
- Zonal Coverage available
- Pharmacy and diagnostic services
- Opt for additional features
- Living Organ Donor Benefit
- Premium waiver and portability
NivaBupa Health Premia (Eligibility Criteria)
- Entry Age - 18 Years
- Max Entry Age - 65 Years
- SI - 3 L to 1 Cr
- Waiting Period - 30 Days
Affordable
A budget-friendly health insurance plan that offers coverage to individuals and families with tailor-made benefits and great value for money.
Unique Features
- No room rent capping
- Up to 100% of SI restoration
- 20% No Claim Bonus
NivaBupa Health Pulse (Pros)
- Optional benefits available
- 150% Refill Benefit
- Annual Health Checkup
- Emergency Ambulance
- Living Organ Donor Benefit
NivaBupa Health Pulse (Cons)
- Conflict and Disaster cases
- 20% co-payment
- No Maternity Benefit
- Cosmetic surgeries
- Treatment for Alcoholism
NivaBupa Health Pulse (Other Benefits)
- Operation Theatre Coverage
- Modern Treatments
- Personal Accident Cover
- e-Consultation
- Daily Hospital Cash
NivaBupa Health Pulse (Eligibility Criteria)
- Entry Age - 18 Years
- Max Entry Age - 65 Years
- SI - 3 L to 25 L
- Waiting Period - 30 Days
Digital
A modern-day digital insurance plan offering you cashless OPD and diagnostic services along with basic coverage and healthcare benefits.
Unique Features
- Early age enrolment discounts
- Annually 10 OPD consultations
- No room rent capping
NivaBupa Go Active (Pros)
- Pharmacy and Diagnostic Services
- Domiciliary hospitalization
- Personal Accident Benefit
- Refill Benefit
- Daily health coaching
NivaBupa Go Active (Cons)
- Maternity Benefit Not available
- Adventure Sports not covered
- HIV/AIDS not covered
- Cosmetic Surgery Not Covered
- War Injuries not covered
NivaBupa Go Active (Other Benefits)
- Behavioural Assistance Program
- Alternate Treatment
- I-Protect option to increase SI
- 2 % ICU Cover (per Day)
- No Room Rent Sub Limit
NivaBupa Go Active (Eligibility Criteria)
- Entry Age - 18 Years
- Max Entry Age - 65 Years
- SI - 4 L to 25 L
- Waiting Period - 30 Days
Comprehensive
A complete health plan, providing a wide range of medical benefits along with global emergency coverage.
Unique Features
- Maternity & New born coverage
- No room rent capping
- 10% increase in SI annually
NivaBupa Heart Beat (Pros)
- Additional Coverage
- 10% Loyalty Benefit
- Annual Health Check ups
- Refill benefits
- Coverage out of hospitals
NivaBupa Heart Beat (Cons)
- Obesity Treatment not covered
- Hazardous Activities not covered
- HIV/AIDS not covered
- Cosmetic Surgery unavailable
- Injuries due to breach of law
NivaBupa Heart Beat (Other Benefits)
- OPD Consultations
- Alternative Treatments
- New Born Baby Cover
- Pharmacy and diagnostic services
- No WP up to 45 years
NivaBupa Heart Beat (Eligibility Criteria)
- Entry Age - 18 Years
- Max Entry Age - 65 Years
- SI - 5 L to 1 Cr
- Waiting Period - 30 Days
Affordable
An individual and family health plan, providing a cover of up to 1 crore at affordable premiums combined with advanced features and benefits.
Unique Features
- Up to 200% of SI as NCB
- Up to 150% of SI restoration
- Unlimited e-consultation
NivaBupa Super Saver (Pros)
- Day 1 Health check-up
- No pre-issuance medical tests
- Ambulance cover up to Rs 2000
- ReAssure Benefit
- No sub-limits
NivaBupa Super Saver (Cons)
- No Maternity Benefit
- Adventure Sports not covered
- STDs not covered
- Cosmetic Surgery Not Covered
- Self Inflicted Injuriesnot covered
NivaBupa Super Saver (Other Benefits)
- Air Ambulance Cover
- Health Checkup
- Organ Donor Benefit
- Ayush Benefit
- Room selection Option
NivaBupa Super Saver (Eligibility Criteria)
- Entry Age - 61 Years
- Max Entry Age - 75 Years
- SI - 5 L to 25 L
- Waiting Period - 30 Days
Comprehensive Plan
Niva Bupa Reassure 2.0 provides insurance holders with a high sum insured through their platinum, titanium, and bronze variants along with a multitude of other features.
Unique Features
- Booster+ Benefit
- Lock premiums at entry age
- Health check-ups from day 1
Health ReAssure 2.0 Plan (Pros)
- Personal accidents covered
- Acute Care
- Emergency Ambulance
- Three Plan variants
- Home Care Treatments
Health ReAssure 2.0 Plan (Cons)
- No OPD Cover
- No Maternity Cover
- No Sleep Disorder Covered
- Pre-Existing Diseases after 3 yrs.
- Alcoholism not covered
Health ReAssure 2.0 Plan (Other Benefits)
- Air Ambulance
- Modern Treatments
- Second Opinion
- Booster Benefit
- Shared Accommodation Benefit
Health ReAssure 2.0 Plan (Eligibility Criteria)
- Entry Age - 18 Years
- Max Entry Age - No Age Limit
- SI - 5 L to 1 Cr
- Waiting Period - 30 Days
Senior Citizen
A plan providing comprehensive protection to senior citizens with multiple coverage options counting from 5 - 25 Lakhs.
Unique Features
- Coverage for modern treatments
- Multiple co-payment options
- Unlimited SI restoration
NivaBupa Senior First (Pros)
- 3 Variant Available
- No pre-issuance medical tests
- Day 1 Health Check-up
- Safeguard (Add-on)
- Day Care Treatment
NivaBupa Senior First (Cons)
- No Critical Illness Cover
- 50% Co-payment
- No Specific Diseases Covered
- No Pre-existing Disease Cover
- Self Inflicted Injuriesnot covered
NivaBupa Senior First (Other Benefits)
- ReAssure Benefit
- Domiciliary Hospitalization
- Organ Donor Benefit
- Ayush Benefit
- Annual Aggregate Deductible
NivaBupa Senior First (Eligibility Criteria)
- Entry Age - 61 Years
- Max Entry Age - 75 Years
- SI - 5 L to 25 L
- Waiting Period - 30 Days
Top-up plan
A super top-up plan providing extra coverage to you and your family on the basis of deductible with SI options of up to 95 lakhs.
Unique Features
- No room rent capping
- Unlimited E-consultation available
- Pharmacy and diagnostic services
NivaBupa Health Recharge (Pros)
- Loyalty Additions up to 50%
- Pharmacy and Diagnostic Services
- Personal Accident Cover
- Easy Plan Convertibility
- Day Care Treatments Coverage
NivaBupa Health Recharge (Cons)
- Maternity Treatment not covered
- Pre-existing Diseases not covered
- Alcoholism not covered
- Dietary Supplements not covered
- No COVID-19 cover
NivaBupa Health Recharge (Other Benefits)
- Intensive Care Unit charges
- Domiciliary treatment
- HIV / AIDS Treatment Covered
- Artificial Life Maintenance Benefit
- Room Rent (per day) Up to 1%
NivaBupa Health Recharge (Eligibility Criteria)
- Entry Age - 18 Years
- Max Entry Age - 65 Years
- SI - 2 Lakh - 95 Lakh
- Waiting Period - 30 Days
Critical Illness
Buy a cover of up to 2 crores to secure you and your loved ones against 20 major critical illnesses with the Niva Bupa CritiCare plan.
Unique Features
- Daily hospital cash
- Accident care available
- Lifelong renewability
NivaBupa CritiCare (Pros)
- 20 critical illnesses Covered
- Long-term tenure savings
- Different pay-out options
- Tax benefits
- Direct claim settlement
NivaBupa CritiCare (Cons)
- Accident Death
- No Total Disability Cover
- AIDS Not Covered
- Child Education Benefit
- Funeral Expenses
NivaBupa CritiCare (Other Benefits)
- Flexibility Plan Options
- Surgeon's Fee Covered
- Renewal for life
- Diagnostic Procedures/Therapies
- Prosthetic Implants Covered
NivaBupa CritiCare (Eligibility Criteria)
- Entry Age - 18 Years
- Max Entry Age - 65 Years
- SI - 3 L to 3 Cr
- Waiting Period - 30 Days
Personal Accident
Offers personal accident cover of up to 2 crores on an individual and family floater basis. Pays 100% of SI to your family in case of accidental death.
Unique Features
- Global coverage available
- Child education benefit
- Permanent Disability Cover
- Funeral Expenses
- Accidental OPD
- Adventure Sports Cover
- Elderly Care Cover
- Burns Cover
- No Alcohol Ailment Cover
- No Cosmetic Surgery
- No Obesity Surgery
- No Suicide Cover
- No War Injury Cover
AccidentCare (Other Benefits)
- Air Ambulance
- Broken Bone/Fracture
- Head & Spinal Injury
- Marriage Expenses for Children
- Comatose Cover
AccidentCare (Eligibility Criteria)
- Entry Age - 18 Years
- Max Entry Age - No Age Limit
- SI - 3 L to 5l
- Waiting Period - 30 Days
Comprehensive and Top-Up plan
A unique health insurance plan that combines the benefits of basic SI and top-up cover to offer enhanced protection to individuals and families.
Unique Features
- 100% SI restoration
- Unlimited e-consultation
- No room rent capping
NivaBupa Money Saver (Pros)
- All Day Care Procedures covered
- Accumulated Bonus
- 100% Refill Benefit
- 20% cumulative bonus
- Organ Transplantation Covered
NivaBupa Money Saver (Cons)
- No Maternity Benefit
- Adventure Sports not covered
- STDs not covered
- Cosmetic Surgery Not Covered
- Self Inflicted Injuriesnot covered
NivaBupa Money Saver (Other Benefits)
- Road Ambulance Cover
- Alternate Treatment
- Pharmacy and Diagnostic Services
- Hassle-Free Claims
- Pre & Post Hospitalisation
NivaBupa Money Saver (Eligibility Criteria)
- Entry Age - 3 Months
- Max Entry Age - 65 Years
- SI - 10.5 L to 1 Cr
- Waiting Period - 30 Days
Suraksha Plan
Niva Bupa Saral Suraksha Bima
A personal accident insurance policy that offers a lump sum compensation in case of permanent disability or death resulting from an accident.
Unique Features
- Large Sum Insured
- High sum insured
- Up to 50 % Cumulative Bonus
Saral Suraksha Bima (Pros)
- Accidental Death Covered
- Pay Rs 296 monthly as premium
- Education Grant to children
- Temporary Total Disablement
- Hospitalisation due to an accident
Saral Suraksha Bima (Cons)
- No Maternity Benefit
- No Disablement Claims
- War Injuries not covered
- Accident through intoxication
- COVID-19 death not covered
Saral Suraksha Bima (Other Benefits)
- 30-minute cashless claims
- Paperless Reimbursement
- Road Ambulance Covered
- Emergency Treatment Covered
- Hassle Free Renewal Process
Saral Suraksha Bima (Eligibility Criteria)
- Entry Age - 18 Years
- Max Entry Age - 65 Years
- SI - 2.5 L to 1 Cr
- Waiting Period - 30 Days
Corona Plan
The plan covers you and your family against COVID-19, covers the Comorbidities arising out of COVID, and imposes no room rent capping.
Unique Features
- Ventilator Expenses Included
- PPE Kit expense Included
- Covers ICU Charges
Niva Bupa Corona Kavach (Pros)
- Home Care Treatment Expenses
- Hospitalisation Coverage
- Pre and Post Hospitalisation
- Hassle-free Claims
- AYUSH Treatments Coverage
Niva Bupa Corona Kavach (Cons)
- OPD and Day Care Treatment
- Evaluation and Investigations
- Rehabilitation
- Dietary supplements
- COVID Claim
Niva Bupa Corona Kavach (Other Benefits)
- Coverage for Parents & PILs
- Coverage for Dependent Children
- Road Ambulance Covered
- Hospital Daily Cash
- Spouse Cover Available
Niva Bupa Corona Kavach (Eligibility Criteria)
- Entry Age - 18 Years
- Max Entry Age - 65 Years
- SI - 50 Thousand to 5 Lakh
- Waiting Period - 30 Days
Explore Niva Bupa Health Insurance
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