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Niva Bupa Health Companion Plan UIN MAXHLIP21509V042021

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Niva Bupa Health Companion Insurance Plan Summary

Niva Bupa which was formerly known as Max Bupa has an all rounder health insurance plan named Health Companion policy that covers your medical expenses. One can opt for an individual as well as a family floater option. Niva Bupa Health Companion plan offers different sum insured options that you can choose from. Each plan option provides various benefits to the insured person and which is why it is considered as a comprehensive health insurance plan.

Plan Name Niva Bupa Health Companion Plan
Policy type Health Insurance Plan
UIN MAXHLIP21509V042021

Key Features of Niva Bupa Health Companion Policy

Refill Benefit:  If the sum insured gets exhausted during the year, then 100% of the base sum insured will be refilled for treatment of any other illnesses.

Say Mr. Shinde, age 45, buys a Niva Bupa Health Companion Plan with a base sum insured of Rs. 10 Lakhs. In the first year, he claims for Rs. 8 lakhs for a surgery. 

After the first claim the company will re-fill the amount of maximum up to 100% of base sum insured i.e. Rs.10 lakhs. In the same year, Mr. Shinde gets hospitalized for any other illness and the bill amount is Rs. 4 Lakhs. So, Rs. 2 lakhs from the base sum insured will be used and Rs. 2 Lakhs from the Re-filled amount will be used to make the payment

Pre & Post Hospitalization: The policy covers 30 days prior and 60 days post hospitalization charges. The expenses incurred on the treatment or consulting of the doctor is covered if the insured person is admitted for the same purpose. Post discharge, charges such as follow ups, consulting the doctor, tests and other expenses are covered.

Cashless facility: You can avail for the cashless facility from around 6900+ network hospitals of Niva Bupa when you purchase the Health Companion plan. You can consider the network hospitals on Niva Bupa for availing the cashless facility.

Hospital accommodation: The policyholder can avail any type of room accommodation as per his/her choice. There are no room rent cappings.

No claim Bonus: With every claim free year, health companion plan offers a 20% as bonus. So, if your base sum insured is of Rs.5 lakh and there was no claim during that policy year, you will receive a 20% bonus i.e. Rs. 1 Lac. The total base sum insured for next year will be Rs. 6 lakhs but the premium paid will remain the same as per the age bracket.

Hospital cash: The policyholder can avail the hospital cash benefit for the duration of admission at the hospital. The insured person has to be admitted for more than 24 hours. Hospital cash is paid by the insurer to the insured person for the loss of pay due to hospitalization. The amount paid may vary according to the plan chosen at the time of purchase of the policy.

Tax Benefit: You can show this investment to avail tax exemption under section 80D of the Income Tax Act.

Discount on 2 year plan: If you take a policy for 2 years together, Niva Bupa Health Companion health insurance policy offers a discount of 12.5% on the second year’s premium.

SafeGuard Rider: The policy provides an annual increase in the sum insured based on the inflation rate without affecting the premium cost. This is an additional facility that is offered under the NIva Bupa Health Companion plan. You can avail it by paying an extra premium. 

Claim Settlement: The Niva Bupa Health Companion claims are processed in 30 mins on submission of proper documents and other procedures. There is no involvement of any third party at the time of settlement making it easy for the policyholder. 

Domiciliary Treatments: All the treatments done at home on account of unavailability of hospital bed or on doctors advice shall be covered up to the sum insured. The expenses will be covered under the reimbursement claim process.

Emergency Ambulance expense: In case of emergency, if there is a need for an ambulance, then the policy covers the cost of the ambulance up to Rs.3000. The claim will be accepted only if the insured is in-patient for more than 24 hours.

Alternative Treatments: Covers various inpatient treatments under AYUSH (Ayurveda,  Unani, Siddha and Homeopathy)

Renewal for Life: The policy can be renewed for a lifelong timeframe without extra loading charge based on the claim history.

Variants in Niva Bupa Health Companion Policy

Niva Bupa Health Companion Plan offers 3 variants in their plans that the policyholder can choose according to the requirements. Each variant offers slightly different benefits and hence there is a difference in premiums.
Plan Type Variant 1 Variant 2 Variant 3
Base Sum Insured Upto 4 lakhs 5 to 12.5 Lakhs 15 lakhs to 1 Cr
Hospital Cash Rs. 1,000 / day Rs. 2,000 / day Rs. 4,000 / day
Free Health check up Once in 2 years Annually Annually
Vaccination for animal bite Upto Rs. 2,500 Upto Rs. 5,000 Upto Rs.7,500

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Eligibility Criteria in Niva Bupa Health Companion Plan

Any individual can purchase the Health Companion insurance plan of Niva Bupa. As it is a comprehensive plan, health care expenses of every individual as well as his family members are covered. However, there are a few criteria in the Health Companion Insurance Plan.
Parameters Minimum  Maximum
Sum assured 2 Lakhs 1 Crore
Policy term (in yrs.) 1 2
Members Individual & 2 members in a Family Floater Plan Up to 6 members (2 adults & 4 kids)  in a Family Floater plan

Exclusion in Niva Bupa Health Companion Plan

  • Expenses related to cosmetic or plastic surgery for the purpose of change in appearance
  • Policyholder being involved in adventurous sports activity such as para-jumping, rock climbing, motor racing, and more at professional level.
  • Activity performed by the policyholder that holds to breach the law due to criminal intent
  • Hospital expenses that are related to treatment of gender change, characteristic changes, and surgical management.
  • Expenses related to treatment of obesity


How to apply for a claim in Niva Bupa Health Companion Plan?
With Niva Bupa Health Companion plan you can apply for cashless claims in their network hospitals. However, if you get hospitalized in any other hospitals, you are required to notify the insurer within 48 hours of admission. Post discharge from the hospital, submit all the relevant documents, invoices, medical reports and discharge summary to the insurer along with a duly filled claim form for reimbursement. 

What are the documents for filing a claim in Niva Bupa Health Companion Plan?
One needs to provide the following documents for filing a claim:
  • Original reports and other documents
  • Final discharge summary
  • Canceled cheque 
  • Proof of Identity: Aadhar card, PAN, Voter ID, Driving License, Passport.
  • Proof of Address:  Aadhaar, Passport, Driving License, Voter ID, electricity bill, telephone bill, water bill, gas bill, Ration Card, bank statement, copy of insurance policy are all acceptable documents.
  • Proof of Age: Aadhaar, School Leaving Certificate, Passport, Driving License. 
  • Other documents: Original reports, Final discharge summary, Canceled cheque 

What is the waiting period for the Niva Bupa Health Companion plan?
For pre-existing illnesses, there is a waiting period of 36 months in a Health Companion plan. If the policyholder is admitted prior to the completion of the waiting period, he/she will have to bear the expenses out of their own pocket.

When does hospital cash cover get triggered under the Health companion plan?
Under the Niva Bupa Health Companion plan, the hospital cash cover gets triggered on a continuous hospitalization of 48 hours or more. 

Do I need to go through a medical test while purchasing a Health Companion plan?
Depending on the age of the insured person and also the cover they opt for, the necessity of a medical test may differ.

What kind of treatments are covered under Modern Treatments in a Niva Bupa Health Companion Plan?
Under Niva Bupa Health Companion plan, the below mentioned modern treatments are covered at large:
  • Deep brain stimulation
  • Oral chemotherapy
  • Intra vitreal injections
  • Robotic surgeries
  • Bronchial Thermoplasty
  • Stem cell therapy
  • Balloon sinuplasty 
Understanding the importance of having a comprehensive health insurance plan is the need of hour and we hope reading through the Niva Bupa Health Companion Plan review, you will be able to make an informed decision. In case you need a better understanding of the plan, you can visit, our trained experts will provide you with more details. 
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