Niva Bupa ReAssure Family Health Plan: Benefits, Renewal

Niva Bupa ReAssure Plan - Family Floater Plan

Niva Bupa (Formerly known as Max Bupa) ReAssure Family Floater is a comprehensive policy under Niva Bupa (Formerly known as Max Bupa) Health Insurance that delivers extensive medical coverage to the entire family in a single policy. The policy provides a host of benefits with a large sum insured range of up to Rs 1 crore with reassurance at every step. Thus, the insured is assured of a seamless claim settlement with unlimited reinstatement of the sum insured and booster benefit that double it in two claim-free years.

Categories	Specifications
Coverage Type	Individual/Family Floater
Sum Insured	Rs 3 lakh to Rs 1 crore
Renewability	Lifelong
Health Check-up	Annually
Live Health Benefits	30% savings on premium

Features & Benefits of the Niva Bupa (Formerly known as Max Bupa) ReAssure Plan

Some of the significant benefits of the Niva Bupa (Formerly known as Max Bupa) ReAssure Family Floater policy are:

Sum Insured: The sum insured under this policy ranges from Rs 3 Lakh to Rs 1 Crore.
Purchase Options: The policy can be procured in several ways, including online
Flexible Policy Term: One can choose a policy term of 1, 2, and 3 years depending on the individual preference.
In-built Benefits: The initial waiting period has been reduced to 15 days for all COVID-19-related hospitalization.
Tax Benefit: The premium paid for the Niva Bupa (Formerly known as Max Bupa) ReAssure Family Floater Insurance Policy is tax-exempt under Section 80D of the Income Tax Act, 1961, subject to applicable limits.

Niva Bupa (Formerly known as Max Bupa) ReAssure Plan Eligibility Criteria

The minimum eligibility conditions to buy the Niva Bupa (Formerly known as Max Bupa) ReAssure Family Floater plan are:

Categories	Eligibility Criteria
Minimum Entry Age	18 years
Maximum Entry Age	Adult: 65 yearsLifelong Renewal
Number of people covered	Max 6 members in various family combinations; Son and daughter are not eligible for the family floater policy.

Inclusions of Niva Bupa (Formerly known as Max Bupa) ReAssure Plan

The coverage has been thoughtfully designed to keep the insured secure and comfortable during hospitalization. Anyone looking to buy the Niva Bupa (Formerly known as Max Bupa) ReAssure Family Floater plan can look through the following coverage:

In-patient Treatment
Pre and Post-Hospitalization Expenses for 60 and 180 days respectively
Day Care Treatment
Living Donor Organ Transplant
Alternative Treatments
Modern Treatments
Domiciliary Hospitalization
HomeCare Treatment
Emergency Ambulance
Air Ambulance
Second Medical Opinion
Annual Health Check-up from day one
Shared Accommodation Cash Benefit

Optional Covers:

Personal Accident Cover
Hospital Cash
Safeguard

Exclusions of Niva Bupa (Formerly known as Max Bupa) ReAssure Plan

It is essential to know about the exclusions when deciding to buy Niva Bupa (Formerly known as Max Bupa) ReAssure Family Floater Health Insurance to raise flawless claims:

Waiting Periods:

Initial Waiting Period: No claim for illness other than accidental injury is accepted during the first 30 days.
Specific Diseases Waiting Period: The cover is not available for specifically listed diseases and treatments during the first 24 months.
Pre-existing Medical Conditions: Indemnity for the pre-existing conditions is available after continuous coverage of 36 months.

Permanent Exclusions:

These are wide-ranging situations and medical conditions for which no coverage is available in the plan. For example, intentional self-injury, OPD treatment, maternity expenses, etc. The insured must consult the policy document to know about them in detail.

Cancellation Terms of the Niva Bupa (Formerly known as Max Bupa) ReAssure Plan

Under IRDAI provisions, every insurer is mandated to provide a free look period. The Niva Bupa (Formerly known as Max Bupa) ReAssure Family Floater Insurance Policy offers 30 days to review and cancel the plan if the terms are not acceptable. The period is extended to 30 days if a 3-year plan has been purchased through distance marketing.

FAQs

Q. What is the impact of the Booster Benefit in the Niva Bupa (Formerly known as Max Bupa) ReAssure Family Floater?

Ans: The Booster Benefit enhances the sum insured by 50% at renewal, following a claim-free year, subject to a maximum of 100%. Thus, the sum insured doubles in two consecutive claim-free years.
Q. How does the ReAssure Benefit help the insured in the Niva Bupa (Formerly known as Max Bupa) Reassure Family Floater?

Ans: The sum insured is reinstated after the first claim is settled so that the insured is never short of cover. The reinstatement is unlimited in a policy year, regardless of the number of claims.
Q. What are the claim modes and the settlement mechanism in the Niva Bupa (Formerly known as Max Bupa) ReAssure Family Floater?

Ans: The insured can avail of cashless treatment in over 7400+ network hospitals. The claim is settled in 30 minutes by the in-house team. The insured can also lodge reimbursement claims online as per the defined procedure.
Q. What are the benefits of renewing the Niva Bupa (Formerly known as Max Bupa) ReAssure Family Floater?

Ans: The insured gets the benefit of lifelong renewal under the Niva Bupa (Formerly known as Max Bupa) ReAssure Family Floater plan regardless of the health status and claim experience. The sum insured can be enhanced as per the choice of the insured for additional coverage. However, the premium goes upward with the increasing age.
Q. Is there any monetary limit for modern treatments in the Niva Bupa (Formerly known as Max Bupa) ReAssure Family Floater?

Ans: Few robotic surgeries cover is limited to a maximum of Rs 1 Lakh.

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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

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