Aditya Birla Health Insurance introduces supplementary insurance

NEW DELHI: Aditya Birla Health Insurance Co.Ltd. (ABHICL), a subsidiary of Aditya Birla Capital Limited, has launched ‘Health Add-ons’, a range of six unique supplemental plans that can be added to existing compensation plans. These add-ons can be used with existing Activ Health, Activ Assure and Activ Care plans, the company said in a press statement.

Recently, investing in health insurance has become an important part of financial planning.

Mayank Bathwal, CEO of Aditya Birla Health Insurance said: “…We have introduced a number of supplemental insurance policies that can be added to our retail liability plans. The six new health supplements offer policyholders additional protection by making their health insurance policies more robust and comprehensive. Available at an affordable rate, the customers can now avail multiple benefits such as:

The six new add-ons are: Future Secure, Cancer Hospitalization Booster, Immunization Protection, Personal Accident, PED Wait Time Reduction, and Tele-OPD Counseling. Key features of these products include:

1. Future-proof add-on:

Waiver of Non-Medical Expenses – The Passenger pays for the cost of non-medical items during hospitalization resulting from illness or injury during the Coverage Period.

Sum Insured Inflation Protection – Helps to add additional sum insured to the base policy based on the rate of inflation in the previous calendar year as inflation protection

No Claim Bonus Protector – Ensures that the Any No Claim Bonus accrued on renewals is not affected or reduced where base policy claims paid in the previous insurance year do not exceed 25% of the base policy sum insured.

2. Cancer Hospitalization Booster:

The customer will receive up to 100% additional sum insured of the base policy for medical expenses incurred for hospitalization in the event of “Cancer of Certain Severity”. It also covers costs before and after a hospital stay up to the insured sum of the basic policy.

3. Vaccine coverage:

The customer can receive vaccination protection against diseases that are declared as a pandemic or epidemic by the World Health Organization (WHO) or the central or state government

4. Personal Accident:

Claims for Accidental Death and Total Permanent Disability (100% of sum insured) and part of sum insured for Partial Permanent Disability if said event occurs within 12 months of accident. It also offers a 5% cumulative bonus per claim-free year, up to a maximum of 50% of the sum insured

5. Reduction of PED waiting time: If this add-on coverage is elected at the inception of the first policy with the insurer and the insurer has accepted it, the applicable Pre-Existing Illness Wait Period for Pre-Existing Illness related claims will be reduced to the period of elected and in the Policy Plan/Product Benefits Table specified.

Option 1: 4 years to 2 years

Option 2: 4 years to 1 year

Option 3: 3 years to 2 years

Option 4: 3 years to 1 year

6. Tele – OPD Consultation: Medically necessary consultations / e-consultation and/or teleconsultation are provided by doctors within the Network Provider’s network on an outpatient basis in relation to an illness, injury contracted or suffered during the Term of Insurance.

Customers can choose one or more supplementary insurances by paying an additional premium at very affordable premiums. The same supplemental coverages are permitted with multiple base policies, subject to underwriting. However, health add-ons cannot be purchased in isolation or as a separate product, the company added.

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