Understanding the Benefits of Niva Bupa Health Insurance Plans in 2024

Today, where healthcare costs are soaring, a comprehensive healthcare insurance plan has become necessary. Niva Bupa, a joint venture between Fettle Tone LLP and Bupa Singapore Holdings, is the best health insurance company in India. It was previously known as Max Bupa and was founded in 2008.

Niva Bupa provides some of the best health insurance plans that cater to diverse needs, offering financial protection and peace of mind to individuals and families alike. This article will shed light on the benefits of Niva Bupa health plans, enabling you to make informed decisions about your healthcare coverage.

7 Benefits of Niva Bupa Healthcare Insurance Plans

Niva Bupa, the best health insurance company in India, provides an extensive array of advantages aimed at offering financial aid during health crises, thereby ensuring tranquillity for you and your loved ones. Some of them are:

1. Comprehensive Coverage

Niva Bupa provides comprehensive coverage for many health risks. This includes critical illnesses such as heart disease, stroke, and cancer, along with a wide range of medical issues.

Its best health insurance plans are designed to financially protect you against the high costs of treating these diseases. It also covers the hospitalisation costs, pre and post-hospitalisation expenses, and sometimes even the cost of medicines and rehabilitation.

2. Annual Health Check-ups

Niva Bupa's healthcare insurance plans include annual health check-ups. Regular check-ups are crucial for early detection of potential health issues, which can lead to better treatment outcomes and lower healthcare costs in the long run.

Depending on the best health insurance plans you own, these check-ups might include blood tests, urine tests, liver function tests, kidney function tests, cholesterol checks, blood pressure checks, and more.

3. Lifetime Renewability

Niva Bupa’s policies offer lifetime renewability, which means there is no maximum age limit for renewing it. The policy can be renewed as long as the premiums are paid promptly, ensuring you are covered for life.

This is particularly beneficial as health risks increase with age, and having a healthcare insurance policy provides a safety net against high medical costs.

4. Sum Insured Refill Benefit

These policies provide you with a unique feature that further expands the safety net to you. The Sum Insured Refill Benefit allows you to get your sum insured refilled if your sum insured is exhausted due to claims made during a policy year.

This means you would continue to enjoy the coverage even if your sum insured gets exhausted within the same policy year. This refill comes at no extra cost and can be particularly beneficial in case of multiple hospitalisations or high treatment costs in a single year.

5. Tax Benefits

The premiums paid towards Niva Bupa's healthcare insurance policies are eligible for tax deductions under Section 80D of the Income Tax Act in India. This means that the amount you pay as a premium can be deducted from your total taxable income, thereby reducing your tax liability.

The deduction amount depends on your age and the age of your family members covered under the policy. For example, an individual below 60 can claim a deduction of up to ₹25,000 for healthcare insurance premiums paid for themselves, their spouse, and dependent children. An additional deduction of up to ₹50,000 is available for premiums paid for parents aged 60 years and above.

6. Cashless Hospitalisation

Niva Bupa's healthcare insurance has a network of over 10,000 cashless hospitals across India. If you get hospitalised in any of these network hospitals, Niva Bupa will directly settle the bills with the hospital.

This means you don't have to pay the hospital at the time of admission and then wait for reimbursement from the insurer. This feature ensures hassle-free treatment and can be particularly beneficial during emergencies when arranging funds can be challenging.

7. No Claim Bonus

This is a reward that Niva Bupa offers to you if you do not want to make a claim during a policy year. The no-claim bonus typically increases the sum insured for the next policy year without any additional premium.

This means that for each claim-free year, the sum insured increases, providing you with enhanced coverage at no extra cost. This pushes the policyholders to stay healthy and make judicious use of their policies.

Conclusion

Niva Bupa offers comprehensive benefits catering to individuals' and families' diverse healthcare needs. From extensive coverage for hospitalisation expenses to wellness programmes aimed at preventive care, Niva Bupa ensures you receive the best possible healthcare support.

For those seeking reliable healthcare insurance solutions, Niva Bupa, the best health insurance company in India, stands out as a trusted partner in safeguarding your well-being. Niva Bupa's healthcare insurance plans offer peace of mind and financial security in medical emergencies, backed by comprehensive coverage, a vast network of healthcare providers, and dedicated customer service. Call them today!