According to a press release by Bharti AXA General Insurance, “Health AdvantEDGE is also one of the few healthcare products that offer comprehensive wellness benefits as a key differentiator in the domestic health insurance market. It is specially designed to support healthcare and wellness needs of customers.”
How the policy will work
According to the press release, this is how the policy will work:
This health plan offers a restore benefit that automatically reinstates the basic sum insured in case it is exhausted within the policy year. If the policyholder uses up the entire sum insured and falls ill even if it is for the same illness or condition during the same year, the company will restore 100 per cent basic sum insured. This ensures that the policyholder has requisite coverage at all times and reduces the need for multiple policies.
SanjeevSrinivasan, Managing Director and Chief Executive Officer, Bharti AXA General Insurance, said, “Health AdvantEDGE addresses the healthcare and wellness requirements of the customers and offers timely and necessary support during their time of need. We are confident that our health offering will adequately prepare individuals and families against uncertainties surrounding medical exigencies and rising healthcare expenses.”
Further, this health insurance plan comes with wellness benefits and value-added services for the convenience of policyholders to address their wellness needs and also get rewarded for it. Under the wellness program, the policyholder gets credited with reward points for inculcating healthy habits. The reward points can be redeemed to avail of a discount on the policy premium or a concession on medical bills or consultation fees among others.
What is covered, how much it costs
The new-age health plan provides a holistic cover right from pre-hospitalization to post-hospitalization, in-patient treatment, and daycare treatments. It comes with 60 days pre and 90 days post-hospitalization cover as well as a wide range of sum insured from Rs 2 lakh to Rs 3 crore with the cashless facility and seamless claim procedure. This allows customers to focus on their treatment, rather than worry about which room to choose against their insurance coverage.
Bharti AXA Health AdvantEDGE also offers Ayush benefits, wherein all the expenses incurred on treatment in a hospital under Ayurveda, Yoga and Naturopathy Unani, Sidha and Homeopathy, and organ donor expenses.
Another feature of this plan is a guaranteed cumulative bonus of 20 per cent to the policyholders in a claim-free policy year upon renewal. This feature ensures that the cumulative bonus does not reduce even if there is a claim. It also extends optional maternity benefits to female lives insured between the age of 18 to 45 years, opting for a three-year policy term.
The plan covers persons in the age group 91 days to 65 years, provides hospital cash benefits, air and road ambulance with an additional premium.