Aditya Birla Health Insurance Launches Add-on Covers

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NEW DELHI: Aditya Birla Health Insurance Co. Ltd.. (ABHICL), a subsidiary of Aditya Birla Capital Limited, has launched ‘Health Add-ons’, a spread of six unique add-on covers that could be added to the prevailing indemnity plans. These add-ons could be used with existing plans of Activ Health, Activ Assure, and Activ Care, the corporate said in a press statement.

In recent times, investing in medical insurance has grow to be a crucial part of economic planning. 

Mayank Bathwal, CEO, Aditya Birla Health Insurance, said, “…We have now launched a set of add-on riders that could be added to our retail indemnity plans. The six latest health add-ons will provide extra protection to policyholders by making their medical insurance policies more robust and comprehensive. Available at a reasonable premium, customers can now avail multiple advantages like protection of no claim bonus, cover for vaccines, tele-OPD consultations, and more.”

The six latest add-ons are: Future Secure, Cancer Hospitalisation Booster, Vaccine Cover, Personal Accident, reduction in PED waiting period and Tele-OPD Consultation. The important thing features of those products include:

1. Future Secure Add-On:

Non-Medical Expense waiver – The rider covers the associated fee of non-medical Items during hospitalization arising out of illness or injury in the course of the policy period.

Sum Insured Inflation protection – Helps with the extra increase within the sum insured of the bottom policy based on inflation rate within the previous calendar 12 months as an inflation protector

No Claim Bonus Protector – Ensures no impact or reduction on ‘Any No Claim Bonus’ accrued at renewals, if total claims paid within the previous policy 12 months of the bottom policy doesn’t exceed the 25% of the sum insured of the bottom policy.

2. Cancer Hospitalization Booster

Customer will stand up to 100% additional sum insured of the bottom policy towards medical expenses incurred for hospitalization in case of “Cancer of Specified Severity”. It also covers pre- and post-hospitalisation expenses as much as the sum insured of the bottom policy on reimbursement basis.

3. Vaccine Cover:

Customer will have the option to get vaccination cover for cover against any diseases that are declared as pandemic or epidemic by World Health Organization (WHO) or Central Government or State Government

4. Personal Accident

Claims in case of accidental death and everlasting total disability (100 % of the sum insured) and a portion of the sum insured in case of everlasting partial disability, if the said event occurs inside 12 months of the accident. It also offers a cumulative bonus of 5% per claim free 12 months, as much as maximum 50% of Sum Insured

5. Reduction in PED waiting period: If this Add-on cover is opted on the inception of the primary policy with the insurer they usually have accepted the identical, then it is going to reduce the applicable pre-existing disease waiting period for claims related to pre-existing diseases to the period as opted and laid out in the policy schedule/product profit table.

Option 1 : 4 Yrs to 2 Yrs

Option 2 : 4 Yrs to 1 Yr

Option 3 : 3 Yrs to 2 Yrs

Option 4 : 3 Yrs to 1 Yr

6. Tele – OPD Consultation: Medically needed consultations / e- consultation and/or tele consultation can be provided from medical practitioners inside network provider’s network on out-patient basis pertaining to an illness, injury contracted or sustained in the course of the policy period.

Available at very reasonably priced premiums, customers can select one or multiple add-on covers by paying additional premium. Same add-on covers are allowed with multiple base policies, subject to underwriting. Nonetheless, Health Add-ons can’t be purchased in isolation or as a separate product, the corporate added.

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