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Mumbai : As part of its efforts to focus on retail health products, Universal Sompo General Insurance Company Ltd has launched Complete Health Insurance plan with added features for retail consumers. The product is a comprehensive health insurance cover that includes a slew of new features, including 14 basic and 26 add-on covers to protect policyholders from escalating medical costs. The policy covers medical expenses incurred by the insured due to the hospitalisation/domiciliary hospitalisation 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.

While announcing the launch of the Complete Health Insurance plan, Sharad Mathur, Managing Director & Chief Executive Officer, Universal Sompo, said, “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 that boost the sum insured and coverage, while keeping the premiums 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 care cover”. 

The health insurance segment has witnessed a massive sentimental change post covid. The need for a policy that can provide effective and wide-coverage against health uncertainties has gained momentum with the Indian masses, resulting in a huge uptick in subscriptions of health-related policies.

This policy provides comprehensive coverage that can be renewed indefinitely. It offers a wide range of Sum Insured options, up to Rs 50 Lac, at a competitive premium rate. Further, the policy holders can expect a premium waiver for the fourth year of the policy. The differentiating characteristic of the policy is a one year waiting period for certain specific ailments along with reduced waiting time for pre-existing diseases. Other salient features of the policy include OPD and maternity coverage along with Emergency Assistance Services that can be availed world over.

The key features of Complete Health Insurance Plan are:

- Policy Tenure: 1 Year, 2 Year, 3 Year

- Sum Insured: Minimum 4 Lac and Maximum 50 Lac

- Plan Types: Essential, Privilege, Plus, Premier, Executive, Digi – Pro

- Entry Age: 18 Years to 75 Years, For Children – 91 Days to 25 Years

- Relationships Covered: Up to 20 relationships are covered

- Base Covers:

* In-patient Treatment - Day-Care Procedures, Post Hospitalisation, Domiciliary Expenses, Organ Donor, Ambulance Charges, Pre-Hospitalisation.

* Out-Patient Treatment - Mother & Child-Care Benefit, Dental Treatment (Accident Only), Ayush Benefit, Daily Cash for Accompanying Child, Vaccination, Convalescence Benefit

* Restore Benefit – In case Insured exhausts Base Sum Insured (SI) and No Claim Bonus in a policy year, then the Company will restore SI equal to Base SI.

* Tax benefit – under sections 80 D, 10 D

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