Bharti Axa general insurance launches 'Health AdvantEDGE' plan

New Delhi: Bharti AXA General Insurance on Tuesday announced the launch of its new health insurance plan, 'Health AdvantEDGE', which provides protection against mounting expenses related to medical exigencies and other healthcare services. The 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.

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.

This 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 cashless facility and seamless claim procedure. It 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 unique 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.  

Rolling out Health AdvantEDGE, Sanjeev Srinivasan, Managing Director and Chief Executive Officer, Bharti AXA General Insurance, said, “We are living in unprecedented times where our physical health and well-being has never been more crucial than it is now. Amid the ever-rising medical expenses, ensuring protection of one’s financial health should be of paramount importance. Towards this, we present Health AdvantEDGE, which addresses 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.’’ 

The Bharti AXA Wellness Cuppa portal has also been launched for its customers. Through the wellness portal and app, the policyholders can avail the entire gamut of wellness features and services in one place. Apart from health rewards, some of the features also include video/teleconsultation, pharmacy, and diagnostic services, online chat with doctors, doctor’s appointment, doctor on call, and medical second opinion.

“We understand the requirements of our customers in this fast-paced world. Bharti AXA Health AdvantEDGE addresses the array of consumers who are looking beyond health insurance products that offer claim only against hospitalization expenses. With this product, we offer wellness benefits with options to customize the offering that will help them create the plan that suits them best in times of illness as well as on their journey of wellness. With customer-centricity being at the core of all our initiatives, we constantly strive to innovate to enrich our customer offerings and provide superior products and services,’’ Srinivasan added. 

Note that Bharti AXA General Insurance is a joint venture between Bharti and AXA. The joint venture company has a 51% stake from Bharti and 49% stake of AXA. The company has pan-India presence through its 168 branches and offers insurance solutions for motor and two-wheeler, health and critical illness, property and student, individual and family travel.

Source: Times Now News