Press Release
Max Bupa launches online super saver– Health@companion
- Pioneers instant policy issuance in Health Insurance industry
- Offers better value by leveraging technology to create savings and pass price benefits to customers
- In an industry first Max Bupa offers fair pricing via a tiered price structure based on customers city of residence
- Added discount for a 2 year policy term
New Delhi, January 22, 2013: Max Bupa today announced the launch of their online super saver product Health@Companion on its website . Committed to making quality Health Insurance more accessible and affordable for customers, Max Bupa is using technology to deliver Health Insurance to customers within minutes, at the click of a button, from the comfort of their home.
Health@Companion is designed for individuals and families. It is comprehensive, easy to understand and simple to buy. The product offers better value by leveraging technology to create savings and pass price benefits to customers. In addition the product offers fair and tiered pricing based on the customers city of residence. Customers living in non metro cities pay a lower premium, reflective of health care costs in that area and not bear the high cost of healthcare services in metros which they may rarely use.<
Speaking about the online product Manasije Mishra CEO, Max Bupa said, “I am delighted to launch our online super saver – Health@Companion. We have designed Health@Companion to deliver better value and more choices to our customers at very competitive and affordable prices. Customers benefit from transacting online. In addition, premiums are based on the area of residence, i.e., customers living in tier 2 and 3 cities pay a lower premium which is reflective of healthcare costs in that region and not the higher healthcare costs in metros. Customers can also add benefits like hospital cash and get further discount by choosing a two year policy term. ”
Max Bupa’s new online sales and service platform (www.maxbupa.com) is designed to assist customers in buying Health Insurance in a well informed way. It has a unique product recommendation tool that will help them select and purchase a product best suited for their health needs. In addition to recommending a sum insured, it enables customers to customize the offering. The policy number and the policy details are received by the customer within minutes of completion of the buying process.
The policy number and Health Insurance card are now digitized and can be printed or stored by the customer in his smart phone for instant access during emergencies.
Our refreshed website allows existing customers self service options from the website homepage itself; these include services like renewal, instant issuance of tax receipts, access to details of the policy, change in address and more.
Features of Health@Companion
| Feature | Max Bupa Advantage |
|---|---|
| Sum Insrured | Rs. 2 Lakhs, Rs. 3 Lakhs, Rs. 4 Lakhs and Rs. 5 Lakhs. |
| 2 year Policy Tenure Option | Opt for 2 year policy tenure and avail discount |
| Day Care Procedures | All day care procedures are covered and not a select few However, such a procedure should not be in the outpatient department of a hospital |
| Renewal of the plan | Lifelong renewal |
| Cashless facility | Access cashless facility at the nearest quality hospitals ( which are a part of Max Bupa Network) |
| Direct Claim Settlement | All claims are processed directly by internal customer services team |
| Domiciliary Treatment | Medical treatment taken at home, which would otherwise have required hospitalization can also be claimed |
| Emergency ambulance | Coverage for ambulance expenses to transfer the policyholder following an emergency to the nearest hospital. These expenses are paid once the in-patient claim is accepted |
| Free Look Period | 15 day free look period within which a plan can be cancelled stating the reason. |
| Hospital Accommodation – From 2,000/day to Rs.8000/day | Reasonable and Customary charges for Hospital accommodation are covered |
| Hospital Cash (optional) – Rs.1000/day. Rs.2000/day & Rs.4000/Day | This benefit provides a lump sum payment for each day of hospitalization in addition to the in-patient treatment benefits.
This benefit is over and above the sum insured The benefit is payable for up to 30 days of hospitalization. |
| Organ transplant | Medical Expenses for an organ donors treatment for the harvesting of the organ donated is also covered |
| Pre & Post hospitalization Medical Expenses | Medical Expenses incurred due to Illness up to 30 days period immediately before a hospital admission and 60 days immediately after discharge from hospital |
| Tax Benefit | Tax benefits under Section 80D of the Income Tax Act |
Max Bupa has always distinguished itself by being the first in the industry to introduce innovative products and services. The company has pioneered products and services, like health first loyalty program, Heartbeat Family First product which caters to the need of the Indian Joint family and covers up to 13 relationships, no age limit and lifelong renewal, among other innovative initiatives.
Max Bupa Health Insurance
Max Bupa Health Insurance is a, 74:26, joint venture between Max India Limited, a multi-business corporate with expertise in life insurance and health care and Bupa, a leading international healthcare provider with 65 years of healthcare knowledge. Max Bupa brings together a combination of Bupa’s global health insurance expertise and customer service expertise with Max India’s understanding and experience of the Indian health and insurance sectors. Max Bupa offers quality health insurance services through a dedicated team of over 1000 people and its network of 20 offices across twelve cities - Delhi, Mumbai, Hyderabad, Chennai, Bangalore, Pune, Ludhiana,Chandigarh, Jaipur, Surat, Kochi and Kolkata. Max Bupa offers individual and family oriented health insurance policies for Indians across all age groups.
Strong Network of over 1500 hospitals
Max Bupa Health Insurance has a direct working relationship with a network over 1500 top quality hospitals and healthcare providers and at the same time the company plans to extend its network of hospitals to other parts of the country. Max Bupa services customers directly without third party involvement. For more details about the company and a list of all our network hospitals please visit www.maxbupa.com.
About Max India
Max India Group is a multi-business corporate, driven by the spirit of enterprise and focused on people and service oriented businesses. The Company is headquartered in New Delhi, India. Max India is in the ‘Business of Life’ with its vision is to be one of India’s most admired corporates for Service Excellence. It ‘Protects Life’ through its Life Insurance subsidiary Max Life, a joint venture between Max India and Mutsui Sumitomo; ‘Cares for Life’ through its Healthcare company, Max Healthcare, a joint venture between Max India and Life Healthcare, South Africa; ‘Enhances Life’ through its Health Insurance company, Max Bupa Health Insurance, a joint venture between Max India and Bupa Finance Plc., UK; ’Rejuvenates Life’ through its Senior Living business Antara, a fully owned subsidiary of Max India and ‘Improves Life’ through its Clinical Research business, Max Neeman, a fully owned subsidiary of Max India. The Group also continues its interest in manufacture of Specialty Products for the packaging industry through its strategic business unit Max Specialty Films.
The flagship company Max India Limited is a widely held public listed entity, with the owner sponsors, led by Analjit Singh holding over 37% stake. Its other shareholders include some of world’s best Institutional Investors such as, Goldman Sachs, International Finance Corporation, Washington (IFC) and Temasek Holdings.
About Bupa: 65 years of Health and Care
Bupa’s purpose is to help people lead longer, healthier, happier lives. Established in 1947, it has over 11.3 million customers in more than 190 countries. Employing over 52,000 people, Bupa has operations around the world, principally in the UK, Australia, Spain, New Zealand and the USA, as well as Hong Kong, Thailand, Saudi Arabia, India, China and across Latin America. A leading international healthcare group, Bupa offers personal and company health insurance, runs care homes for older people and hospitals, and provides workplace health services, health assessments and chronic disease management services, including health coaching, and home healthcare. With no shareholders, Bupa invests its profits to provide more and better healthcare and is committed to making quality, patient-centred, affordable healthcare more accessible in the areas of wellness, chronic disease management and ageing.