One of the leading health insurance companies in India following a joint venture between UK-based healthcare service Bupa and Max India Limited, Max Bupa, since their formation have been rolling out a plethora of health insurance products that cater to the specific need of the Indian population. One such plan is the Max Bupa Health Companion Family First that uniquely caters to joint families in the country. With the Max Bupa Health Companion Family First policy, policyholders can insure up to 19 family members, which each family member getting a individual insured amount. Depending on the premium chosen by the policyholder, the sum assured for the Max Bupa Health Companion Family First insured person can range between Rs.1 lakh to Rs.10 lakh. Policyholders can also opt for the floater base sum assured, which ranges between Rs.3 lakh to Rs.20 lakh. For those who wish to purchase this policy for their family, they can go through the features and benefits of the policy, its exclusions and the claim settlement process to assess whether the policy suits their needs or requirements.
The eligibility criteria for one to avail the Max Bupa Health Companion Family First are listed as follows:
The main features of the Max Bupa Health Companion Family First are listed as follows:
Listed below are some of the key benefits of the Max Bupa Health Companion Family First in the table:
|Benefits||Extent of Coverage|
|Sum Assured benefits||For individual based sum insured: Rs.1 lakh, Rs.2 lakh, Rs.3 lakh, Rs.4 lakh, Rs.5 lakh and Rs.10 lakh. For floater based sum insured: Rs.3 lakh, Rs.4 lakh, Rs.5 lakh, Rs.10 lakh, Rs.15 lakh and Rs.20 lakh.|
|Pre-hospitalisation benefits||Coverage of expenses 30 days prior to hospitalisation.|
|Post-hospitalisation benefits||Coverage of expenses 60 days following discharge from hospital.|
|No-claim bonus||Increase of sum assured by 20% for every claim-free year. Maximum increase subject to 5 claim-free years or 100%.|
|Policy discount benefit||Avail a policy for two years at once and get a discount of 12.5% on the premium of the second year.|
|Emergency ambulance benefit||Coverage of ambulance expenses upto Rs.3,000.|
|Organ transplant benefit||Coverage to harvest the organ of the donor. Applicable for all joint insured family members.|
|Domiciliary treatment benefit||Coverage of medical expenses at home if hospital bed is unavailable. Possible only following approval from the doctor and if the treatment is for a minimum of 72 hours (3 days).|
|Animal bite vaccination||Up to Rs.5,000 on reimbursement basis.|
|Hospital cash benefit||Up to Rs.1,000/day or Rs.2,000/day if the insured person is hospitalised for a minimum of 2 days. Payment will be made upto 30 days of hospitalisation - above and apart from the sum assured.|
|Tax benefits||Tax exemptions under Section 80D of the Income Tax Act.|
|Cashless facility benefit||Available at all listed cashless hospitals.|
|Free-look period||Policyholders are granted a 15-day free-look period from the day of issuance. The policyholder can wish to return the policy for no extra cost if the policy does not suit his/her needs.|
Policyholders cannot avail any coverage from the Max Bupa Health Companion Family First based on the circumstances listed below:
In the case of hospitalisation, the policyholder will have to follow the steps mentioned below to register a claim. In the case of planned hospitalisation, the insured person has to intimate Max Bupa at least 72 hours (3 days) before being admitted in any of the network hospitals of the insurer.
Max Bupa policyholders or those insured and have received treatment can avail tax deductions up to Rs.25,000 annually under Section 80D of the Income Tax Act 1961. In the case of senior citizens, the tax deduction is capped at Rs.30,000 per year.
Yes, to check if the applicant has any pre-existing diseases, depending on the age of the applicant, and so on.
As long as they are receiving treatment in India, your family members can receive coverage for treatment at any network hospital of Max Bupa.
You can purchase the policy online on the Max Bupa website. You can make the payment via debit card, credit card or by using your net banking account.
You have the choice of purchasing the policy either for one year or two years. If you do purchase the policy for two years, you will get a 12.5% discount on the premium of the second year of the policy.
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