Max Bupa today announced the launch of ‘Senior First’ – a tailor-made program for senior citizens. The program is made to provide help and care to seniors in their golden years. Senior First program consists of coverage solutions of up to Rs 25 lakh with no sub-limits on widespread wellness circumstances like cataract, knee replacement, and so forth.
To aid consumers overcome the existing challenges faced though getting wellness insurance coverage for senior citizens and to provide them ease of policy issuance, the Senior First program comes with quite a few eye-catching characteristics, like no mandatory pre-issuance healthcare tests, wellness verify-ups from day 1, hassle-totally free claims procedure and more.
Some of the crucial positive aspects of the program contain, reassure positive aspects, safeguard add on, no sub-limits applicable on widespread circumstances, no mandatory pre-healthcare tests, picking personal co-payment, swap co-payments for deductibles, no claim bonus, wellness verify-ups from day one, coverage for domiciliary therapy, and daycare treatment options.
The ReAssure advantage is triggered with the initial claim itself and is an limitless sum insured advantage. Anyone claim paid from this advantage can be up to the base sum insured. One can make as a lot of claims as expected in the very same policy year, for the very same or distinct illnesses.
In a nutshell, this function will allow senior citizens to never ever fall quick of coverage which is essential to safeguard against unforeseen healthcare expenditure towards all types of illnesses, like Covid-19. Even in case of essential illnesses like kidney failure, dialysis or cancer, when patients usually need to have hospitalization numerous occasions in the very same year. Unlimited coverage of the item will prove to be particularly helpful.
Krishnan Ramachandran, MD and CEO, Max Bupa Health Insurance, says, “The product has been designed to address the current gaps in providing quality healthcare services to senior citizens. Currently, senior citizens face several challenges while purchasing health insurance. This includes undue hassles of going through mandatory medical tests, policy denial due to chronic pre-existing conditions, high premium, inadequate coverage, high co-pay options, amongst others.”
He additional adds, Senior First program has been meticulously made maintaining in view the economic safety required for seniors amidst increasing healthcare inflation. We comprehend that people today want to be financially secured in these hard occasions, therefore a definitely cashless item will guarantee there is no economic burden on them when they opt for this policy.’’
Senior First is a cashless item and with safeguard positive aspects providing one hundred per cent coverage for otherwise non-payable expenditures such as PPE Kit, Gloves, Oxygen masks, Conveyance charges and more. The item also covers expenditures incurred for the duration of all-day Care Treatments, requiring more than 2 hours of hospitalization, like angiography, dialysis, and radiotherapy. Senior First program also consists of No Claim Bonus advantage to reward consumers for staying healthier. Additionally, policy purchasers can also opt for their personal co-payment as per their economic wellness and can swap co-payments for the deductible.
Max Bupa’s Senior First program is obtainable in the Gold and Platinum variety, with sum insured ranging from Rs 5 lakhs up to Rs 25 lakhs.
Key characteristics of Max Bupa’s Senior First program
ReAssure advantage: Triggered by the initial claim, this advantage has an limitless sum insured. Customers can claim an limitless quantity of occasions below this advantage. Anyone claim can be up to the base sum insured.
No Sub-Limits: No capping for therapy of widespread wellness circumstances like cataract, joint replacements and more.
No sum insured and age-based pre-policy healthcare verify-up: Pre-issuance healthcare verify-up is not mandatory. Seniors can take this policy without having obtaining to undergo any sum insured and age-based pre-policy healthcare verify-up.
Annual Health Check-ups from day 1: No linkage to claim or renewal. Customers can claim for a wellness verify-up from the initial day of the policy itself.
Safeguard Add On: one hundred per cent coverage for non-payable expenditures such as PPE Kit, Gloves, Oxygen masks, Conveyance charges and more. Inflation-adjusted raise in base sum assured each year, with no influence on No Claims Bonus if claims in a policy year are up to Rs 50,000.
All Day Care Treatments Covered: Coverage for expenditures incurred for the duration of Day Care Treatments requiring more than 2 hours of hospitalization, like angiography, dialysis, radiotherapy and more.
Reduce co-payment or swap it with deductible solutions: An optional advantage to lessen co-payment from 50 to 40/30/20 per cent. Alternatively, consumers can opt for deductible and appreciate a copayment totally free wellness cover.
Easy to have an understanding of: Policy terms and circumstances written in a basic, plain manner without having a great deal jargon.