For a young and healthy person, he/she may not be hospitalized for probably 10 years or more, yet he/she has to pay an increase in premium with progressing age. This will change for the better with Niva Bupa Reassure 2.0
Health insurance is an essential aspect of financial planning, especially in today’s time when medical expenses are skyrocketing. An ideal health insurance plan should offer comprehensive coverage, including hospitalization expenses, doctor’s fees, diagnostic tests, and other medical costs. It should also offer coverage for critical illnesses and pre-existing conditions. The plan should be affordable, easy to understand, and should have a hassle-free claims process.
Niva Bupa ReAssure 2.0
Niva Bupa’s Reassure 2.0 is a new health insurance plan that offers some unique features that make it an excellent option for people below 50 years of age. One of the most attractive features of this plan is that the premium is based on the entry age, and it remains the same until the policyholder makes a claim. This means that a young and healthy person can buy this plan and pay the same premium for many years until he/she makes a claim.
Another unique feature of this plan is that the unused sum insured can be carried forward up to ten times the base cover. This means that if the policyholder does not make a claim, the cover amount keeps adding up to the policy every year. So, if a young and healthy person buys this plan and does not make a claim, the cover amount will keep increasing every year, up to ten times the base cover.
The best part about this plan is that when the policyholder makes the first claim, the total accumulated unused sum insured is triggered, and it will be available for the policyholder forever. This means that if a young and healthy person buys this plan and doesn’t make a claim for many years, the cover amount keeps adding up to the policy. But, if the person makes a claim, the accumulated cover amount will continue forever.
Is it possible to upgrade an existing policy to Niva Bupa ReAssure 2.0?
Yes, it is possible to upgrade an existing health insurance policy from Niva Bupa or any other company to Reassure 2.0, subject to certain terms and conditions. The eligibility for upgrading the policy may vary based on factors such as the age of the policyholder, the type of policy held, and the number of claims made in the current policy year.
To upgrade to Reassure 2.0, the policyholder needs to contact Simple Path. Simple Path’s representative will guide the policyholder through the upgrade process and provide the necessary details about the terms and conditions, the premium payable, and the cover benefits.
It is important to note that the premium payable for upgrading the policy to Reassure 2.0 may be higher than the premium payable for the existing policy, as Reassure 2.0 offers additional benefits and features. Also, the policyholder will have to disclose the medical history and reports to determine eligibility for the upgrade.
Niva Bupa ReAssure 2.0 : Key Highlights
| Categories | Specifications |
| Sum Insured – | Rs 5 lakh to Rs 1 crore |
| Policy Tenure – | 1 year |
| Plan Variants – | Platinum+ and Titanium+ |
| Pre-existing Diseases Waiting Period – | 3 years |
| Specific Diseases Waiting Period – | 2 years |
| Initial Waiting Period – | 30 days |
| Discount – | Up to 30% live healthy discount |
Benefits of Niva Bupa ReAssure 2.0 Plan
Here’s a list of the key benefits of buying the Niva Bupa ReAssure 2.0 plan:
1. Unlimited Sum Insured Forever
The insured can avail unlimited sum insured for the lifetime of the policy even after a claim is made under the ‘ReAssure Forever’ feature of the ‘ReAssure+’ benefit. However, this health insurance policy gets activated after the first claim is made by the policyholder.
2. Lock the Clock with Niva Bupa ReAssure 2.0
The ‘Lock the Clock’ feature under the ‘ReAssure+’ benefit allows the insured to pay the premium as per the entry age unless a claim is made by locking the age at which the policy was bought.
3. Unlimited Carry Forward of Unused Sum Insured
The Niva Bupa ReAssure 2.0 comes with the ‘Booster+’ benefit that allows the insured to carry forward the unused sum insured to the next policy year for a maximum of 5 to 10 times the base sum insured amount.
4. Coverage for Hospitalization of a Minimum of 2 hours
This plan offers coverage for any hospitalization of 2 hours or more as opposed to the general mandate for in-patient coverage that requires at least 24 hours of hospitalization to qualify as a claim.
5. Annual Health Check-ups from Day 1
Annual health check-up facilities are available to the insured from day 1 of the policy period on a cashless basis ensuring that any disease or medical condition is detected at the right time.
6. No Room Rent Limit
The Niva Bupa ReAssure 2.0 does not come with any room rent limit for in-patient hospitalization or ICU admission.
7. Live Healthy Benefit
The live healthy benefit allows the insured to save up to 30% on the renewal premium by earning health points on the Niva Bupa Health app for every 1000 steps.
8. Cashless Treatment
The Niva Bupa Health Insurance offers cashless treatment facilities to the insured across 10,000+ empanelled hospitals on its network.
9. Tax Benefits
Policyholders can claim tax benefits on the premium paid for buying a Niva Bupa ReAssure 2.0 under Sec 80D of the Income Tax Act, 1961.
10. Many More Benefits …
Niva Bupa Reassure 2.0 is an ideal health insurance plan, especially for people below 50 years of age. It offers comprehensive coverage and the health insurance plan is affordable, easy to understand, and has a hassle-free claims process. With the unique features of this plan, a young and healthy person can buy it and pay the same premium for many years until he/she makes a claim.
[simple-author-box]If you are below 50 years of age and looking for a health insurance plan, Niva Bupa’s Reassure 2.0 is the best plan for you. Contact Simple Path today to get started.
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About the Author: Donald Gonsalves
