In terms of health insurance in India, most people would ask, ‘Do I need health insurance?’ This was in the pre-COVID-19 era, where health insurance was thought of as an unnecessary expense.
People either depended on company-sponsored insurance or invested in plans with the lowest premiums so that they could get tax rebates under Sec 80D without spending too much money. It was rare to find deep knowledge about health insurance plans for the family, or even the benefits of a comprehensive health insurance plan.
Then Covid-19 struck the world and people’s perceptions about health insurance changed almost overnight. The high treatment cost in private hospitals, the many post-COVID complications seen in recovering patients, and the uncertainty around the illness, spurred many to think about their own future. Not just COVID, but many serious illnesses can – and do – strike individuals and wreak havoc on the family finances. If there is no health insurance plan in place, one has to spend large amounts of money out of their own pocket to meet the high costs of medical treatments.
Enter Lifetime Health Insurance.
ManipalCigna Health Insurance’s most comprehensive health insurance policy
Keeping the need of customers in mind, where they are seeking a comprehensive health plan that covers all the bases and is a solutions-oriented policy, ManipalCigna Health Insurance has unveiled one of its most detailed health plans: the ManipalCigna Lifetime Health Insurance Plan. It has two variants, Lifetime Health India Plan and Lifetime Health Global Plan. It is designed as a health plan that changes as per their different life stages and enhanced coverage.
The insured can get future proof high range of sum Insured options ranging from Rs.50 lacs to Rs 3 crore under both the variants. It is one of the most well-structured insurance plans in India, for these reasons:
- The plan offers coverage for a wide range of advanced and modern treatments and procedures like Robotics, Cyber knife and Mental care.
- It is a regular premium renewable plan with the most comprehensive healthcare financing solutions ingrained in it. The policy secures the insured individual(s) both in India and abroad.
- It offers a high degree of customisation with optional packages one can choose as per need: Women+, Health+ and Global+ and Critical Illness rider to make it further comprehensive.
- The policy ensures lifetime access to the insured. Under the Lifetime health insurance plan, the policy holder may get immediate health care in any hospital and India and abroad. The cashless hospitalisation benefit is extended to hospitals and treatment outside India, too (if the Global plan is taken).
- The plan provides the flexibility of choosing to stay covered for up to 27 listed major illnesses including cancer and has separate sum insured for treatment both in India and abroad.
- The insurance provider, ManipalCigna Health Insurance, offers host of discounts on premium renewal from the fourth year of premium payment onward, till life. A 5% discount is offered from the fourth to the seventh year, and 10% discount from the eighth year onward. You can also take this health insurance plan for your family and include two or more family members in your individual plan for a 15% family discount. The insurer waives off the premium for one year if the insured suffers from Permanent Partial Disablement, Permanent Total Disablement, death due to an injury caused by an accident or he/she is diagnosed with a listed Critical Illness mentioned in the policy. Further, you get 3% discount on the renewal premium, if the renewal premium is received through NACH or Standing Instruction (where payment is made either by direct debit of bank account or credit card). Moreover, there is also a long-term discount of 7.5% and 10% on a 2-year and 3-year policy tenure respectively.
It’s not about why, but about how much
Apart from the benefits listed above, there are tangible benefits like being able to take any hospital room for a coverage of Rs 3 crore. There is no rent capping if the policy holder needs treatment outside India under the Global plan.
This new health insurance offering in India and abroad has surely set the ball rolling for those who still do not have any form of health insurance, or who have low coverage, to rethink the idea of being inadequately covered. Today, the Coronavirus has kept the world on edge. Tomorrow, another illness or another form of the same virus might cause similar devastation. There is no way to predict the future – what we can do is prepare adequately for it.
Taking a low coverage plan is not the answer – it does not offer any financial support when the time comes to put the policy to use. Instead, you must choose the ManipalCigna Lifetime Health Insurance plan to stay protected for an unknown future and secure yourself and your loved ones for the entire lifetime.
Disclaimer: No Deccan Chronicle journalist was involved in creating this content. The group also takes no responsibility for this content.
