Choosing the right health insurance is crucial, and with so many options in the market, it can be challenging to know which plan is best for you. In this post, we’ll look closer at two popular options in India: the HDFC Optima plan and the Niva Bupa Reassure 2.0 plan. Let’s break down their benefits, so you can decide which one is right for your family and health needs.
HDFC Optima Secure and Optima Super Secure Plans
HDFC Optima Secure has two variants: Optima Secure and Optima Super Secure. These plans provide comprehensive coverage and several valuable benefits to ensure maximum coverage for policyholders.
Key Benefits of Optima Secure
- Double Cover Benefit: This feature increases your coverage over time. For instance, a cover of ₹20 lakh can double to ₹40 lakh in just two years.
- Resto Benefit: This allows for 100% cover restoration once it’s exhausted. For example, if you have a 60 lakh cover and use the entire amount, this benefit will top it up by an extra 20%, restoring coverage. However, it can only be used once a year. The benefit can be availed once annually, ensuring that policyholders have continuous coverage in case of emergencies.
- Base Cover Enhancement: Optima Secure allows coverage up to four times the base policy in the Optima Secure variant, and up to five times in Optima Super Secure.
Niva Bupa Rish 2.0 Titanium Plus Plan
Niva Bupa Rish 2.0 offers various plans, with Titanium Plus being one of the most comprehensive options. This plan also provides unique benefits that cater to long-term health and financial protection.
Key Benefits of Rish 2.0 Titanium Plus
- Booster Plus Benefit: This allows your sum insured to accumulate over the years if unclaimed. For example, with a ₹20 lakh cover, after ten claim-free years, the cover can grow to over ₹2 crore.
- Locked Premium: With this feature, your premium remains fixed as long as no claims are made. This is beneficial for those looking to keep costs stable.
- Wellness Incentives: For those achieving certain wellness targets (such as 10,000 steps daily), Niva Bupa offers discounts of up to 30% on premiums.
Coverage and Eligibility
When comparing the maximum coverage amounts:
- HDFC Optima Secure offers coverage up to ₹2 crore.
- Niva Bupa Rish 2.0 caps at ₹1 crore for the base policy.
However, both plans offer unlimited room rent and substantial hospitalization cover for inpatient care. For HDFC, hospitalization must be a minimum of 24 hours, while Niva Bupa covers stays as short as two hours.
Both plans provide pre- and post-hospitalization cover, offering financial support for a comprehensive treatment period.
Unique Coverage Features
- Restoration Benefit: Optima Secure allows a 100% restoration benefit that can be availed multiple times in a year. Niva Bupa provides this as well, but without the restriction of being for the same illness.
- Wellness Benefit: Both plans reimburse annual wellness tests, though the coverage differs based on policy limits. HDFC offers up to ₹8,000 for individual policies, while Niva Bupa offers ₹500 per ₹1 lakh base cover, capped at ₹5,000 for individuals and ₹10,000 for family floater plans.
- Air Ambulance and Modern Treatment Coverage: HDFC covers air ambulances up to ₹5 lakh, while Niva Bupa provides up to ₹1 lakh. HDFC also offers extensive modern treatment options with fewer restrictions compared to Niva Bupa, which imposes limits on some robotic surgeries.
Daily Cash Allowance
For those opting for shared rooms, both plans offer daily cash allowances, though the amounts vary based on the plan specifics and base cover amounts.
Choosing the Right Plan
Premium Comparison:
- The premium for HDFC’s Optima Secure averages around ₹15,000 per month.
- Niva Bupa Rish 2.0 Titanium Plus costs approximately ₹13,000 to ₹15,000 per month, depending on individual factors like age and health conditions.
For personalized advice and to determine the best fit based on your health requirements, premium budget, and eligibility, consider consulting with an expert. You can book a free consultation to receive tailored advice for selecting the right health insurance plan.
Conclusion
Both HDFC’s Optima Secure and Niva Bupa Rish 2.0 are strong contenders in the health insurance market. Optima Secure excels in restoration benefits and coverage enhancement, while Rish 2.0 offers added wellness benefits and premium stability. Consider your personal needs, family health requirements, and budget to decide which plan aligns best with your long-term financial health strategy.