Niva Bupa Health Companion Plan

Following are some of the key features of the Niva Bupa Health Companion plan:

• Refill Benefit: If you are looking for a policy that may offer you 100% of your minimum sum insured, then look no further than Niva Bupa Health Companion plan. Under the policy, if the policyholder’s base sum insured gets exhausted, the plan offers 100% of your base sum insured as a refill benefit. 

• Four Variants: The plan has four different variants to cover the needs of different individuals. The policyholder can choose from these plans as per their needs and requirements. The four variants are Variant 1, Variant 2, Variant 3, and Family First. 
• Cashless Health Check-Ups: The policyholder can choose a test based on his/her needs and have cashless health check-ups under the plan. 

• Any Age Enrolment: This plan is available to individuals at any age. One can also add a newborn (at least 91 days old) to this plan at the time of renewal. 

• Lifelong Renewability: Regardless of the claim history of the insured person, the plan offers a lifelong renewability option with no extra loadings. With the lifetime renewability feature, the insured can assure that the policy can be renewed indefinitely, regardless of age or other restrictions. This ability to renew the plan for the rest of your life provides much-needed lifelong health insurance coverage.

• No Claim Bonus: For every claim-free year, the insured will get 20% more sum insured at the time of renewal. This amount can rise up to a maximum of 100%. This amount does not reduce in case of a claim.

• Tax Benefits: Under Section 80 D of the Income Tax Act, 1961, you can avail of tax benefits by buying this policy. The taxpayers can enjoy a deduction up to Rs. 25,000 from his/her taxable income for the premium of the health insurance plan. The amount is Rs. 30,000 for senior citizens.