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Niva Bupa Health Companion Health Insurance

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Niva Bupa Health Insurance
Health Companion Policy
Claim Settlement Ratio91.20%
COVID-19 CoverYes
Inception2008
Incurred Claim Ratio54%
Network Hospitals4,500+
RenewabilityLifetime

About Niva Bupa Health Companion Health Insurance

Health Companion Policy offered by Niva Bupa Health Insurance is a comprehensive medical insurance policy that offers both individual and family floater cover for several healthcare expenses. The policy has different sum insured options starting from as low as Rs. 2 Lakh going up to Rs. 1 crore, that you can choose as per your budget and requirement. The policy comes in different variants namely variant 1, 2, 3, and Family First, which differ in terms of coverage benefits as well as sum insured options. You can buy it for either 1 year or 2 years. On buying it for 2 years, you can avail a discount on the premium paid for second year. You can also buy this policy as top-up with different deductible options between Rs. 1 Lakh and Rs. 10 Lakh.

Health Companion Policy offers several coverage benefits to the insured, some of which include organ donor expenses, in-patient hospitalisation expenses, pre-hospitalisation and post-hospitalisation expenses, daycare expenses, health check-up, domiciliary hospitalisation expenses, and modern treatments. Apart from this, the policy offers two optional covers namely hospital cash and Safeguard (rider) which you can include in your policy for additional coverage above the benefits of the base policy. Other policy benefits include refill benefit, No Claim Bonus, lifetime renewability benefit, and tax benefits under Section 80D of the Income Tax Act, 1961. All in all, the policy comes with a lot of benefits which may bring some relief to the insured in case of a health emergency, and hence, is a preferred choice for many.

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Key Inclusions and Exclusions of the Plan

What's Included

  • All daycare treatments
  • Alternative treatments
  • In-patient hospitalisation expenses
  • Pre-hospitalisation and post-hospitalisation expenses
  • Domiciliary hospitalisation expenses for up to the base sum insured

What's Not Included

  • Expenses related to OPD treatment
  • Sexually transmitted diseases or infections
  • Reproductive medicine
  • Admission solely for diagnostic or evaluation purpose
  • Treatment to correct refractive errors, unless required due to accident

1904 Niva Bupa Cashless Network Hospitals in India

Add-ons to Enhance Benefits

  • Hospital Cash

    With hospital cash add-on, you can enjoy hospital cash benefit for up to a specific number of days, for Rs. 1,000 per day; Rs. 2,000 per day; Rs. 4,000 per day; and Rs. 1,000 and Rs. 2,000 per day for variant 1, 2, 3, and Family First respectively. The benefit can be availed for a maximum of 30 days, if the hospitalisation exceeds 48 continous hours.

Claim Process at Niva Bupa Health Insurance

  • Network Hospital
  • Non-Network Hospital
  • 1

    Claim Assistance

    For any assistance or query, call InsuranceDekho at the toll-free number 755 1196 989.
  • 2

    Claim Intimation

    Emergency hospitalisation needs intimation within 24 hours and for planned hospitalisation intimate within 48 hours prior to admission.
  • 3

    Claim Processing

    Fill in the pre-authorisation form and hand it over to hospital's insurance/TPA desk to initiate claim request.
  • 4

    Claim Settlement

    Once your request is approved, claim is settled. If not approved, claim for reimbursement after discharge.
  • 1

    Claim Assistance

    For any assistance or query, call InsuranceDekho at the toll-free number 755 1196 989.
  • 2

    Claim Intimation

    Emergency hospitalisation needs intimation within 24 hours and for planned hospitalisation intimate within 48 hours prior to admission.
  • 3

    Claim Processing

    Submit claim form with original documents such as doctor’s reports, hospital bills, diagnostic tests, etc.
  • 4

    Claim Settlement

    Once your request for reimbursement of expenses is approved, the claim will be settled.

FAQs on Health Companion Policy Health Insurance Plan

  • What are the standout features for Health Companion Policy offered by Niva Bupa Health Insurance?

    Some standout features of Health Companion Policy offered by Niva Bupa Health Insurance include cashless treatment benefit, tax benefits under Section 80D of the Income Tax Act, 1961 on the premium paid, refill benefit, No Claim Bonus, wide range of sum insured options, and lifetime renewability benefit. 

  • Am I covered for treatment required due to positive diagnosis of COVID-19, under this policy?

    Yes. You are covered for treatment required due to positive diagnosis of COVID-19, under this policy, as per its terms and conditions. 

  • What is the minimum and maximum entry age for Health Companion Policy offered by Niva Bupa Health Insurance?

    The minimum entry age for Health Companion Policy offered by Niva Bupa Health Insurance is 91 days. There is no maximum entry age to be covered under the policy. 

  • What are the minimum and maximum policy terms?

    The Health Companion Policy offered by Niva Bupa Health Insurance can be purchased for either 1 year or two years. You can avail discount if you buy the policy for 2 years. Kindly note that in this case the discount can be availed on the premium paid for second year only. At the end of your policy term, you will be required to renew your policy if you want to continue availing coverage benefits. 

  • Can I avail tax benefits on the premium paid for this policy?

    Yes. You can avail tax benefit on the premium paid for this policy, under Section 80D of the Income Tax Act, 1961. Every taxpayer can avail a discount of Rs. 25,000 every year, whereas senior citizens can avail the same for Rs. 30,000. 

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