Benefits of Aditya Birla Health Insurance
Aditya Birla Capital Limited is a wholly owned company of the Aditya Birla Group, one of the largest and the most reputed conglomerates of the Indian industry sector. Aditya Birla Capital offers a range of financial services and the health insurance segment is a vertical arm of the company. The company offers a range of health insurance plans for meeting the different health insurance needs of individuals.
The Aditya Birla Group is a USD 44.3 billion multinational company while Aditya Birla Capital has an asset base of Rs. 3000 billion. Health insurance products are offered by the company through a strong network of more than Rs. 2 Lakh agents and channel partners.
The health plans of the company offer a wide scope of coverage as well as wellness oriented benefits which promote healthy living. Moreover, you can find the best health insurance plan for your needs through an assessment tool which has been developed by the company.
Additional Benefit of Free Health Check upUnder the different health insurance plans offered by the company, the facility of free preventive health check-ups is available. This facility is inbuilt in the coverage features of the plans and is offered after completing 1-4 policy years depending on different plans.
Additional Protection over Employer CoverageEmployer sponsored group health insurance plans are commonly provided to employees. However, such plans are not comprehensive in their coverage and the sum insured levels are also limited. Aditya Birla health plans allow individuals to increase their existing group health cover by buying a separate health insurance plan at affordable premiums.
Cashless BenefitCashless claims are facilitated by Aditya Birla health insurance plans through a wide network of hospitals across India. Individuals can avail cashless benefits if they are treated at a networked hospital.
Claim Settement RatioClaim Settlement Ratio (CSR) is the ratio of the claims settled by the company against the total number of claims presented on it in one financial year. Aditya Birla aims to settle maximum of its claims and hence has a 91%* CSR. *The claim settlement ratio change from time to time.
Coverage against Medical ExpensesThe plans offered by Aditya Birla are quite comprehensive in nature. They provide coverage for a range of benefits like inpatient hospitalisation, ambulance costs, pre and post hospitalisation, restoration of the sum insured, day care treatments, alternative treatments, etc. Moreover, premium discounts and rebates are allowed if you maintain a good health and live a healthy lifestyle.
Incurred Claim RatioIncurred Claim Ratio (ICR) measures the earned premium which is spent in paying claims. Aditya Birla's ICR for the financial year 2018-19 was 59%*. This shows that the company managed to keep the ratio below 100% and earned a profit which strengthened its financial condition. *The incurred claim ratio change from time to time.
Tax BenefitPremiums paid towards health insurance plans qualify for deduction under Section 80D. Aditya Birla’s health insurance plans also allow this tax-saving deduction. You can claim a maximum deduction of up to Rs. 55,000 (Rs. 25,000 for individual and Rs. 30,000 for senior citizen) by investing in Aditya Birla’s health insurance plans.
Aditya Birla Health Insurance Plan List
|Name of Plan||Sum Insured|
|Activ Assure DiamondMin: 91 Days; Max: No Limit||2 Lakh||Get Quotes Now|
|Activ Health EnhancedMin: 91 Days; Max: No Limit||2 Lakh||Get Quotes Now|
|Cancer SecureMin: 18 Years; Max: 65 Years||5 Lakh||Get Quotes Now|
|Activ SecureMin: 5 Years; Max: 65 Years||1 Lakh||Get Quotes Now|
|Activ CareMin: 55 Years; Max: 80 Years||3 Lakh||Get Quotes Now|
|Activ Health EssentialMin: 91 Days; Max: No Limit||50 Thousand||Get Quotes Now|
|Arogya Sanjeevani PolicyMin: 3 Months; Max: 65 Years||1 Lakh - 5 Lakh||Get Quotes Now|
|Corona Kavach PolicyMin: 1 day; Max: 65 days||50,000 - 5 lakh||Get Quotes Now|
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Aditya Birla Health Insurance FAQs
On what factors the eligibility to get a health insurance plan depends?
The two basic eligibility criteria for getting the insurance policy are entry age and medical check-up.
Can I buy a health insurance policy for my 4-year-old kid?
There are no separate individual plans for kids. But, they can be covered with their parents in either individual or floater plans.
If I don’t use the cashless facility, then in how much time claim should be submitted?
You should submit the claim within 15 days of getting a discharge from the hospital or clinic.
What is the period in which claim is settled by Aditya Birla Health Insurance firm?
ABHI settle claims, including the rejection, within 7 working days of receiving necessary documents, but not more than 30 days.
What is the Incurred Claims Ratio of Aditya Birla Health Insurance for the financial year 2018-2019?
The ICR for Aditya Birla Capital Health for FY 2018-19 is 59%.
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