Founded following a joint venture between UK-based healthcare service Bupa and Max India Limited, Max Bupa is currently one of the leading health insurance companies in the country offering a plethora of health insurance products that cater to individuals, joint insurance holders, and families. To cater to the needs of families across the country, Max Bupa has launched the Health Companion Family Floater Plan - a comprehensive health insurance plan that is affordable, comes with cashless and direct settlement facilities, and 3 different variants with varying features and benefits as listed below.
The eligibility criteria for one to avail the Max Bupa Health Companion Family Floater are listed as follows:
The main features of the Max Bupa Health Companion Family Floater are listed as follows:
Listed below are some of the key benefits of the Max Bupa Health Companion Family Floater in the table:
|Benefits||Extent of Coverage|
|Sum Assured benefits||For Variant 1: Rs.3 lakh and Rs.4 lakh For Variant 2: Rs.5 lakh, Rs.7.5 lakh, Rs.10 lakh, and Rs.12.5 lakh. For Variant 3: Rs.15 lakh, Rs.20 lakh, Rs.30 lakh, Rs.50 lakh and Rs.1 crore.|
|Top-up benefits||Rs.1 lakh, Rs.2 lakh, Rs.3 lakh, Rs.4 lakh, Rs.5 lakh and Rs.10 lakh (for all variants).|
|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. Subject to a maximum of 100%.|
|Policy discount benefit||Avail a policy for two years and get a discount of 12.5% on the premium of the second year.|
|Emergency ambulance benefit||Coverage of ambulance expenses up to Rs.3,000 if in-patient claim has been accepted.|
|Organ transplant benefit||Coverage to harvest the organ of the donor if the organ is for the treatment of the insured person.|
|Domiciliary treatment benefit||Coverage of medical expenses at home if hospital bed is unavailable. Possible only following confirmation from the doctor and if the treatment is for a minimum of 3 consecutive days.|
|Animal bite vaccination||
Vaccination coverage up to:
|Hospital cash benefit||Additional hospital cash allowance above the sum assured up to Rs.1,000/day for variant 1, Rs.2,000/day for variant 2, and Rs.4,000/day for variant 3.|
|Tax benefits||Tax exemptions under Section 80D of the Income Tax Act, 1961.|
|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 policy 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 Floater based on the circumstances listed below:
In the case of hospitalisation, the policyholder will have to follow the steps mentioned below regarding the claim procedure. In case of planned hospitalisation (at a network hospital), the policyholder has to intimate Max Bupa at least 72 hours prior to being admitted.
1. Does the Max Bupa Health Companion Family Floater come with tax benefits?
Yes, policyholders can avail tax deductions up to Rs.25,000 per year under Section 80D of the Income Tax Act, 1961. For senior citizens, the tax deduction is capped at Rs.30,000 annually.
2. Is a medical checkup required before availing the policy?
Depending on the age of the policyholder, a medical checkup might be required.
3. Will my family receive coverage under this policy though they reside in another city?
Yes, provided that the family members are listed under the policy, they can avail the policy coverage anywhere in India at any of the network hospitals of Max Bupa.
4. Can I purchase this policy online?
Yes, you can purchase this policy online on the Max Bupa website.
5. What is the maximum policy tenure I can opt for?
You can purchase the policy either for a span of one year or two years. If you purchase the policy for two years, you’ll get a premium discount on the second year.
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