POSTED BY July 15, 2010 COMMENTS (334)ON
Max Bupa Health Insurance Company Limited is the latest health insurance company to join the ever-growing list of health insurance companies in India. It is a joint venture between Max India (promoters of Max New York Life Insurance) and Bupa (the UK based Health Insurance Company). Max Bupa has come out with a Family Floater Health Insurance Product by the name of Heartbeat .
So is Heartbeat Health Insurance Plan also one of the family floater products offered by other health insurance companies? What is it that makes Heartbeat different from other health insurance plans already available in the market? Let us take a closer look at this product. (Download Brochure)
Three Variants – Heartbeat comes in 3 different variants –
Yes, you read it right. The company assures you life long renewal year after year during your lifetime. This feature of the product makes it stand out among the numerous other family floater products available in the market. A lot of health insurance companies don’t offer renewal of health insurance policies after the age of 65 years or 70 years.
There is no minimum or maximum age for enrolment. A lot of insurance companies have a maximum entry age of 55 years or 60 years for health insurance. After this age, they don’t take new enrolments. Also, lot of companies have restrictions on the minimum entry age for enrolment. But in this policy, there is no minimum entry age for enrolment. A newborn baby can be covered right from day.
The policy provides maternity benefits for up to 2 deliveries. To avail this benefit the individual and spouse should have been covered for 3 years continuously. All newborn babies where the company has paid the maternity claim are automatically covered from birth until the next renewal. The plan also covers 1st-year vaccinations for newborn babies where the company has paid the maternity claim .
The company has not tied up with any Third Party Administrators (TPA) for claim processing and settlement. All the claims are handled by the company personnel inhouse. Read more about TPA’s in How to choose Medical Insurance Policy?
The company assigns a Personal Relationship Manager for Gold and Platinum variants of the product. The relationship manager helps at the time of hospitalization and also at the time of claim settlement.
The company offers all the details of the policyholders on the website. The policyholder can access his personal details, profile, claim history, etc on the company website .
Other features of the product include general features that are offered by most of the health insurance companies in their policies. Some of these features are as below:
Read More on company website
Read in detail Here
As we saw above, the policy offers some very good benefits compared to other health insurance products available in the market. But it may just be a matter of time before other companies also follow suit. If that happens the customer will truly be spoilt for choice of good plans available in the market. This will ultimately benefit the customer.
Note: Please check the company website or the product brochure for the latest features of the product carefully before deciding to buy the product.
This is a Guest post by Gopal Gidwani, He writes on his blog www.bachatkhata.com
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