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Aditya Birla Health Insurance Co. Limited (ABHICL) is an independent part of Aditya Birla Services Financial Group (ABFSG), providing health insurance services. The new business diversification of ABFSG is a combined undertaking between the Aditya Birla Group and MMI Holdings Limited (MMI), which is a diversified company, specialized in providing financial services in South Africa.
With its debutant venture in the Indian market, MMI Holdings Limited aims at expanding its financial services in the health insurance sector, which is fairly underdeveloped in India. The reach of health insurance is not more than 5% in the country. Thus, with venture ABHICL aims to develop the untapped sector.
The health insurance plans under ABHICL are Active Health Essential, Active Health Enhanced and Group Insurance Products. Here’s a comprehensive guide comparing all the plans available under its insurance arm.
Flexibility is given to choose any type of room depending on the insured’s convenience. And if the room is given from a category lower than what you paid the premium for, then it will be adjusted through your health returns. You can use the health returns for paying for renewal after the completion of the first year of your health insurance plan.
Some of the additional benefits under Essential and Enhanced plans are given below: -
|Cumulative Bonus||Increase of 10%, maximum up to 100%. No reduction in claim||20% increase, max up to 100% or INR 50,00,000. No reduction in claim amount.|
|Recovery Benefit||Unavailable under this plan||1% of sum insured, maximum of INR 10,000 (10 days of hospitalization)|
|Worldwide Emergency Assistance Services||Unavailable||Medical assistance provided in any remote areas of the world. Expenses incurred to return to your hometown also covered.|
Health insurance policies differ according to an individual’s preferences, needs and budget. With the skyrocketing cost of medical expenses and health care in India, it is advisable to opt for a comprehensive health insurance package which would cater to every unprecedented medical emergency and related expense.
Bearing the above constraint carefully in mind, Aditya Birla Health Insurance has formulated its insurance products that include plans which are classified neatly into two categories. These plans are a part of the platinum health insurance package.
The plans are known as -
Active Health Essential is an affordable and budget savvy health insurance cover. It is the basic plan in this category. The scale of the amount of policies in this package is limited. It provides the primal benefits and services.
Active Health Enhanced, as the name suggests, is a comprehensive and covers a wider scope in providing insurance services. The scale range of policy amounts is wider than Active Health Essential. It entails additional benefits and features comparatively, which will be covered in detail further.
Aditya Birla Health Insurance, compared to its peers in the insurance sector like L&T Health Insurance and SBI Health Insurance, extends coverage to at least nine members of the family. The other insurance players, on the other hand, have their coverage limit only up to six family members.
Even in the coverage of the hospital network, Aditya Birla Health Insurance cloaks a larger area than its peers. It has different zones under which the hospitals are chosen.
Active Health Essential is the first plan which provides basic services. It is a smart and reasonable coverage insurance plan which can suffice to every common man’s medical expenses reimbursement needs.
Active Health Enhanced is a compendious and wide-scoped insurance package compared to Active Health Essential. The features, benefits, network coverage of hospitals, etc. are the same as the former plan.
Subscribing to this plan will make the insured eligible for extra benefits like World Emergency Assistance Services, a wider range of policy amount, etc.