Health Assure Plan offers you to choose two different options with Individual as well as Family Floater plan type, in which you may cover your spouse, children, both parents and parent-in-law.
The policy provides Multiplier Limit equal to 50% of policy sum assured in the following year for any of insured members in any year in case of you do not make any claim. Thus, your Annual limit may increase to maximum of 200% of your policy sum assured in case there are no claims in two consecutive years. If you make a claim in any year, the Multiplier Limit will reduce by 50% of your policy Sum assured in the following year. However, Annual Limit will not fall below your policy Sum assured, irrespective of any number of claims in the previous year.
The company will pay per day amount as hospital cash benefit for each subsequent day of hospitalization, if you have taken Gold Plan option (Individual or Floater) and are admitted to a hospital for period exceeding 24 continuous hours. However, this benefit is not a stand-alone benefit and shall be paid along with settlement of claim payable under Inpatient Hospitalization Benefit and is payable from within the Annual limit.
• Free Look Period: The product comes with a 15 day free look period. Within this period if the policyholder is not satisfied with the terms and conditions of the policy, then he can return the policy. The company shall arrange to refund the premium amount paid subject to deduction of the proportionate risk premium for the period of cover, the expenses incurred on medical examination and stamp duty, if any.
• Medical including Maternity Benefits will not be available for Pre-existing Conditions until 36 months of continuous coverage have elapsed since the inception of the first Policy with you.
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