Niva Bupa launches ‘ReAssure 2.0’ to enhance its current plan

New Delhi: Niva Bupa Health Insurance Company Limited announced the launch of ‘ReAssure 2.0’ to enhance its current plan ‘ReAssure’. Under this new insurance scheme, Niva Bupa will offer benefits through two components named ‘ReAssure Forever’ and ‘Lock the Clock.’

Commenting on the launch of ReAssure 2.0, Krishnan Ramachandran, MD and CEO, Niva Bupa Health Insurance said, “With this product, we have addressed the prevailing concerns of customers which act as a hindrance during health insurance purchase. We have designed this product in a unique way that will encourage customers to start investing for their health and financial security at an early age.”

Under ‘ReAssure Forever, ’ the base sum insured will be triggered after the first claim and once triggered it will remain forever, meaning that a customer will always have a sum-insured equal to his base sum insured available to him after the customer has made his first claim, unlimited times in this policy.

Under the second feature called ‘Lock the Clock,’ the age at which the consumer enters the policy gets locked until the customer makes their first claim in the policy. Hence the customer gets to pay the applicable premium as per the entry age, till the first claim comes. After which the regular age band-wise premiums will be paid.

Commending the benefits offered under ReAssure 2.0, Dr Bhabatosh Mishra, Director, Underwriting, Products and Claims, Niva Bupa Health Insurance said, “This product offers a win-win situation for the customer, both in case of making a claim as it triggers ReAssure+ benefit ‘forever’, and in case of not making any claim, the customer continues to pay the premium of the age at which he purchases the policy.”

ReAssure 2.0 also offers the ‘Live Healthy’ benefit that gives a premium discount of up to 30 per cent on policy renewal basis health points earned. Other benefits include - no capping on room rent, any hospitalisation of two hours and above will be covered, ‘Smart Health+ rider’ offering unlimited tele consultations and day one coverage for diabetes and hypertension. The product is available as an individual, multi-individual and family floater starting from Rs 5 lakh to Rs 1 crore for the age bracket of 18 years to 65 years.