Injuries cover in this new health plan: check details

Currently, only a few health insurance plans include coverage for accidental injuries. Moreover, there are just a handful of policies that address injuries from sports or gym activities. Now, SBI General Insurance has introduced a new plan called Health Alpha which features an add-on that offers OPD benefits for injuries sustained during hobby sports or regular fitness activities.

This health insurance plan provides customization option with features like a 10x cumulative bonus, gym & sports injury cover and more than 50 coverage options. This plan allows customers to adjust coverage limits within each benefit, select from multiple sub-limits, and modify waiting periods, ensuring complete flexibility to customize their health plan to their individual needs.

Check out the key features of Health Alpha plan:

• Up to 10x cumulative bonus: This is add-on cover which provides up to 10x cumulative bonus annually, if no claim is made under the policy.
• Unlimited sum insured: The base sum insured of the policy will be unlimited. A claim of any amount will become payable, subject to policy terms and conditions
• Endless sum insured: Covers hospitalization expenses for a single claim beyond the base sum insured, this benefit can be availed once in lifetime of the policy
• Gym & sports injury cover: This is industry’s-first and exclusive add-on which provides OPD benefits for injuries sustained during hobby sports or daily fitness activities, covering specialist consultations, diagnostic tests, prescribed medicines, and physical therapy.
• Plan ahead: This unique add-on benefit provides Waiting Period continuity earned by the policyholder to newly married spouse (age up to age 35 years) and/or newborn children (maximum 2 children), provided they are enrolled within 120 days of marriage or birth.
• Welcome discount: The product offers distinctive “ Welcome Discount” of 5%, if new policy is purchased within 5 days of quote generation

What does it mean for policyholders?

This new product provides a range of sum insured options ranging between Rs 5 lakh and unlimited sum insured. The entry age to purchase the plan is 18 years to no restriction for adults and 91 days to 25 years for children.

While buying any health insurance policy, policyholders tend to overlook exclusions that are mentioned in the policy wordings of the health plan. For instance, under Health Alpha policy, there is a list of exclusions including cosmetic or plastic surgery, change of gender Treatments, hazardous or adventure sports, maternity treatment expenses, and many more. So, one should check the details and clauses mentioned in the policy wordings of this particular health plan to get a better understanding of its features.

Now that the 18% GST on individual health insurance policies has been removed , a substantial amount can be on overall premium. You can also opt for a long-term policy option of up to five years where company offers tenure-based discounts if it suits your budget and requirements.