Max Bupa Health Assurance Critical Illness
Objective
A standalone policy that provides financial respite in case policyholder is diagnosed with life threatening illness.
Suited for
Any one who fulfills the eligibility criteria may take this policy but a critical illness cover is important for a person with family history of any such disease.
What does it do?
This policy covers against 20 critical illnesses. It pays the sum insured on confirmed diagnosis of any listed critical illness. Each covered critical illness has specific exclusions. Once a claim under this cover has been admitted, the policy shall not be renewed for that person.
Pros
This policy can be bought online. It covers 20 illnesses.
It allows lifelong renewal. It offers a discount on selecting 2-year policy term.
Premium paid towards this policy qualifies for tax relief under Section 80D of Income Tax Act.
Our View
Critical illness policy is useful as it helps sail through financial turmoil if a family member contracts any life threatening disease. Anyone with a history of critical illness in the family must buy an adequate critical illness cover as the protection offered by a basic health policy may not be sufficient to cover higher expenses.
Eligibility
Entry Age (years) | |
Minimum | 18 |
Maximum | 65 |
Maximum Policy Renewal Age (years) | Life long renewal |
Coverage Type | Individual / Individual+spouse |
Sum Insured (Rs) | |
Maximum | 10 lakh |
Minimum | 3 lakh |
Policy Term (years) | 1/2 |
Discount | Discount on selecting 2 years policy term |
No Claim Bonus | 5% for each claim free years upto maximum of 25% of the sum insured |
Pre Policy Medical Check Up | Not required upto 45 years of entry age |
Free look Period | 15 days |
Grace Period for Policy Renewal | 30 days |
Policy Termination | Either of the insurer or ipolicyholder may cancel this policy by giving a 30 days notice period. |
Customer Service | |
Address | Corporate Office: Max Bupa Health Insurance Company Limited, 2nd Floor, Salcon Ras Vilas D-1, District Centre, Saket, New Delhi 110017 |
Network Hospitals | Http://www.maxbupa.com/customer-care/health-services/hospital-locator.aspx |
Additions to the Plan
Scope Of Cover | |
Critical Illnesses | |
Cancer | covered with specific exclusions. pays 100% of the Sum Insured. |
First Heart Attack | |
Open Chest Coronary Artery Bypass Surgery | |
Open Heart Valve Replacement or Repair | |
Coma | |
Kidney failure | |
Stroke | |
Major Organ Transplant | |
Paralysis | |
Motor Neurone Disease | |
Multiple Sclerosis | |
Aplastic Anaemia | |
Bacterial Meningitis | |
Loss of Speech | |
End Stage Liver Disease | |
Deafness | |
End-stage Lung Disease | |
Fulminant Viral Hepatitis | |
Major Burns | |
Muscular Dystrophy |
Exclusions and Waiting Period | |
Pre-existing diseases | covered after 4 continuous policy renewal |
No claim period | 90 days from policy commencement date |
Survival period | 30 days after confirm diagnosis of critical illness |
Other exclusions | AIDS/ HIV or related conditions |
Annual Premium for 1 Adult | |||||
Age (in years) | Sum Insured (in Rs) | ||||
3 lakh | 5 lakh | 7.5 lakh | 10 lakh | ||
18-25 | 509 | 848 | 1272 | 1696 | |
26-30 | 669 | 1115 | 1672 | 2229 | |
31-35 | 825 | 1375 | 2062 | 2749 | |
36-40 | 1399 | 2332 | 3498 | 4664 | |
41-45 | 2168 | 3613 | 5419 | 7225 | |
46-50 | 3449 | 5748 | 8621 | 11495 | |
51-55 | 5343 | 8904 | 13356 | 17808 | |
56-60 | 8024 | 13373 | 20059 | 26745 | |
61-65 | 11984 | 19973 | 29959 | 39946 | |
Premiums are exclusive of service tax and cess. |
Annual Premium for 2 Adults | |||||
Age (in years) | Sum Insured (in Rs) | ||||
3 lakh | 5 lakh | 7.5 lakh | 10 lakh | ||
18-25 | 891 | 1484 | 2226 | 2968 | |
26-30 | 1171 | 1951 | 2926 | 3901 | |
31-35 | 1444 | 2406 | 3609 | 4811 | |
36-40 | 2448 | 4081 | 6122 | 8162 | |
41-45 | 3794 | 6323 | 9483 | 12644 | |
46-50 | 5863 | 9772 | 14656 | 19542 | |
51-55 | 9083 | 15137 | 22705 | 30274 | |
56-60 | 13641 | 22734 | 34100 | 45467 | |
61-65 | 20373 | 33954 | 50930 | 67908 | |
Premiums are exclusive of service tax and cess. |