Universal Sompo General Insurance Company Limited, a joint venture of Indian Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments and Sompo Japan Insurance Inc. has launched a. health insurance Package which provides a range of services including hospitalization charges due to accident, illness or surgery arising out of any disease during the policy term. complete health insurance plan The company said in a press release on Friday, July 1, is a comprehensive health insurance cover that includes several new features including 14 Aadhaar and 26 add-on covers to protect policyholders from rising medical costs.
“Additionally, it has five product variants to cater to different customer segments. It covers the medical expenses incurred by the insured due to hospitalization/home hospitalization in the event of sudden illness, accident, or the need for any surgery during any illness developed during the policy term,” Universal Sompo General Insurance said in a press release.
Benefits of Universal Sompo Complete Healthcare Insurance Plan
Universal Sompo Healthcare Package provides comprehensive coverage that can be renewed indefinitely.
– It offers a wide range of sum insured options up to Rs 50 lakh at a competitive premium rate.
In addition, policyholders can expect premium waiver for the fourth year of the policy.
The distinguishing feature of the policy is the short waiting time for pre-existing diseases along with a waiting period of one year for certain specified diseases.
Other salient features of the policy include OPD and Maternity coverage along with emergency support services that can be availed across the globe.
Salient Features of the Policy
– Policy term is between one, two and three years
There are five types of plans under Universal Sompo Healthcare Package – Essential, Privilege, Plus, Premier, Executive, Digi-Pro
The minimum age at the time of admission for general public should be 18 years, while the maximum age should be 75 years. For children, the minimum age is 91 days, with a maximum age of 25 years
Maximum 20 relationships with the insured are covered under this package
– The base package provides coverage on inpatient treatment including day-care procedures, post hospitalization, domiciliary expenses, organ donor, ambulance charges, pre-hospitalization. It also covers outpatient treatment, including maternal and child care benefits, dental treatment (accident only),
AYUSH benefits, daily cash for accompanying child, vaccination, health benefits. Further, if the policyholder ceases Base Sum Insured (SI) and No Claim Bonus in any policy year, the company will restore the SI at par with Base SI. In addition, the basic package section 80D, 10D. also provides tax benefits under
Announcing the launch of Sampoorna Health Insurance Scheme, Sharad Mathur, Managing Director and CEO, Universal Sompo said, “An effective health insurance is a key pillar of social security. The new set of features in our policy offers customers a wide range of add-on coverages while keeping the premium rates affordable. The uncertainties we all face today, be it financial or in terms of health and wellbeing, force the need for a comprehensive health insurance cover.
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