AVIVA .
Aviva India is a joint venture between one of the country’s oldest and largest group, Dabur and Aviva PLC that is UK’s largest insurance group. A health insurance plan that has been launched by Aviva India is the Aviva Health Plus Plan. The SALIENT FEATURES of this plan are as under:
· It is a comprehensive health cum savings plan that covers against death and ill health, while guaranteeing the return of a part of the premium on maturity
· Provision of life cover of sum assured on death and disability
· Protection against 18 critical illnesses
· Combined benefit of more than Rs.21 lacs, in case all health benefits are claimed
· Extended death and disability cover for 5 years after the health benefits cease
· Guaranteed maturity benefit on the date of maturity, even if all health benefits are claimed. But the amount of maturity benefit depends upon your age at entry
· Full life cover is payable irrespective of the health benefits already paid. The policy stands terminated after the death benefits are paid
· The entry age to this plan ranges from 18 years to 55 years.
· Policy term is 10 years
· Maximum age at maturity should be 65 years
· Premium paying term is 5 years
· Annual premium is Rs.35000 plus service tax for all age categories
· Sum assured is Rs.3.5 lacs
ADDITIONAL BENEFITS:
· Accidental Death and Disability benefits. Additional payments are made in case of death or disability caused due to an accident
· Sickness only Total Permanent Disability. Sum assured is paid as a lump sum in case of permanent disability caused due to an accident
· Critical Illness benefit. Sum assured is paid as a lump sum at the end of the survival period in case a person contracts a critical illness
· Surgical cash benefit. Depending upon the type of surgery, a fixed percentage of sum assured is paid out
· Hospital cash benefit. A fixed sum for each full day of hospitalization is paid out for treatment undergone for sickness or accidental injury. For general and special ward the hospital cash benefit is fixed at Rs.1750/- per day
· The hospital cash benefit for ICU is fixed at Rs.3500/- per day
· The maximum benefit of hospitalization is for 180 days of hospitalization for the entire policy term or 60 days of hospitalization in a policy year
The Aviva Health Plus plan offers tax benefit under sections 80D, 80C and 10(10D) of the Income Tax Act, 1961.
Aviva policies can be bought by calling their toll free number 1800-180-2266.
ADVANTAGES OF BUYING A HEALTH INSURANCE POLICY FROM AVIVA:
· Their policies are supported with big names in the business and insurance sector, namely Dabur and Aviva PLC
· There is a guaranteed return of a part of the premium at maturity
· Since the premium is pre-fixed at Rs.35000 for all age categories, there is no differentiation on age as is there with health insurance policies from other companies
· Fixed premium paying term of 5 years but maturity extends for another 5 years