Frequently Asked Questions
What is claim settlement ratio and why does it matter?
CSR is the percentage of claims an insurer pays out of total claims received. Higher CSR (>95%) means the insurer is reliable. We track this data for every insurer.
How much health insurance cover do I need?
Minimum ₹10L for individuals, ₹25L+ for families in metros. Medical inflation runs at 14% annually — what costs ₹5L today will cost ₹20L in 10 years.
What is the waiting period for pre-existing conditions?
Most health insurance plans have a 2-4 year waiting period for pre-existing conditions. Some plans offer lower waiting periods at higher premiums.
Is the premium tax deductible?
Yes. Health insurance premiums qualify for deduction under Section 80D — up to ₹25,000 for self (₹50,000 for senior citizens), plus ₹25,000-₹50,000 for parents.
Can I switch my insurance provider?
Yes, health insurance is portable from the 2nd year. Your waiting periods carry over to the new insurer. File portability request 45 days before renewal.
What documents are needed to file a claim?
Typically: hospital bills, discharge summary, doctor prescriptions, policy copy, ID proof. Cashless claims need pre-authorization from the TPA/insurer.
Niva Bupa ReAssure 2.0
Niva Bupa
Family-floater health plan built around unlimited same-year reinstatement of the sum insured ("ReAssure Forever" — triggers after the first claim) plus "Booster+", which carries forward unused sum insured and can grow cover up to 10x the base amount over time with no claims. "Lock the Clock" holds your premium at entry-age pricing until you make a claim.
Cover Amount
₹1 Crore
Premium
₹500/month
Claim Ratio
98%
Type
Life
What's Covered
- Death Benefit
- Terminal Illness
- Accidental Death
Key Features
- Unlimited reinstatement in the same policy year
- Cover can multiply up to 10x via no-claim carry-forward
- No room-rent capping
- AYUSH treatments covered
What's Not Covered
- Suicide within 1 year
- Pre-existing conditions
Pros
- Unlimited reinstatement in the same policy year
- Cover can multiply up to 10x via no-claim carry-forward
- No room-rent capping
- AYUSH treatments covered
Cons
- Premium not the cheapest in this cover bracket
- Full benefit value depends on staying claim-free for several years
Niva Bupa ReAssure 2.0
Niva Bupa ReAssure 2.0 by Niva Bupa offers ₹1 Crore coverage with a 98% claim settlement ratio. Reliable protection for you and your family.
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Eligibility
Age Requirement
18 - 65 years
Required Documents:
- ID Proof
- Address Proof
- Medical Reports
Important
Insurance is subject to terms and conditions. Please read the policy document carefully before buying.
Frequently Asked Questions
What is claim settlement ratio and why does it matter?›
How much health insurance cover do I need?›
What is the waiting period for pre-existing conditions?›
Is the premium tax deductible?›
Can I switch my insurance provider?›
What documents are needed to file a claim?›
Secure Your Future with Niva Bupa ReAssure 2.0
Get comprehensive coverage at the best rates!