New Health Insurance Policy Covers Hospitalization Charges for Accident, Surgery; See Features


Universal Sompo General Insurance Company Ltd, a three way partnership of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments, and Sompo Japan Insurance Inc, has launched a medical insurance bundle that gives a number of providers together with hospitalisation costs because of accident, sickness or surgical procedure arising out of any illness, occurred in the course of the coverage interval. The Complete Healthcare Insurance plan is a complete medical insurance cowl that features a slew of recent options, together with 14 base and 26 add-on covers to guard policyholders from escalating medical prices, the corporate stated in a press launch dated July 1, Friday.

“Additionally, it has five product variants to cater to various customer segments. It covers medical expenses incurred by the insured due to hospitalization/ domiciliary hospitalization in the event of a sudden illness, accident, or any surgery required in the course of any disease that has developed during the policy period,” Universal Sompo General Insurance stated within the press launch.

Benefits of Universal Sompo Complete Healthcare Insurance Plan

– The Universal Sompo healthcare bundle offers complete protection that may be renewed indefinitely.

– It affords a variety of Sum Insured choices, as much as Rs 50 lakh, at a aggressive premium charge.

– Further, the policyholders can anticipate a premium waiver for the fourth 12 months of the coverage.

– The differentiating attribute of the coverage is a one-year ready interval for sure particular illnesses together with a diminished ready time for pre-existing ailments.

– Other salient options of the coverage embrace OPD and maternity protection together with Emergency Assistance Services that may be availed the world over.

Key Features of the Policy

– The coverage tenure ranges between one, two and three years

– There are 5 kinds of plans below the Universal Sompo healthcare bundle — Essential, Privilege, Plus, Premier, Executive, Digi – Pro

– The minimal age at entry for normal individuals must be 18 years, whereas the utmost age is 75 years. For youngsters, the minimal age is 91 days, with the utmost being 25 years

– Up to twenty relationships with insured is roofed below this bundle

– The base bundle affords protection on in-patient remedies together with Day-Care Procedures, Post Hospitalisation, Domiciliary Expenses, Organ Donor, Ambulance Charges, Pre-Hospitalisation. It additionally covers out-patient remedies together with – Mother and Child-Care Benefit, Dental Treatment (Accident Only),
Ayush Benefit, Daily Cash for Accompanying Child, Vaccination, Convalescence Benefit. Moreover, in case the policyholder exhausts Base Sum Insured (SI) and No Claim Bonus in a coverage 12 months, then the Company will restore SI equal to Base SI. Further, the bottom bundle additionally affords tax advantages below Sections 80 D, 10 D

While saying the launch of the Complete Health Insurance plan, Sharad Mathur, managing director and CEO at Universal Sompo, stated, “An effective health insurance is a prime foundation of social security. The set of new features in our policy provides customers with a variety of add-on coverages while keeping the premium rates affordable. The uncertainties that all of us face today, be it financial or in terms of health and wellbeing, invigorates the need for having a comprehensive health insurance cover”

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