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Insurance Company
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Birla Sun Life Insurance Company Ltd
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Plan Name
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Birla Sun Life Universal Health Plan
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Plan Nature
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TRADITIONAL
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Plan Category
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Health Plan
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UIN No.
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109N040V01
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About Plan
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Universal Health Benefit helps you and your family with out-of-pocket health related expenses - example medical tests, prescription drugs, ayurvedic & homeopathy medicines.
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Minimum Entry Age
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18 Yrs
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Maximum Entry Age
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65 Yrs
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Benefits
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| Particulars | Description |
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Maturity Benefits
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No maturity benefit.
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Death Benefits
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No Death benefit available.
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Loan against policy
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No loan facility available.
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Tax Benefits
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| Section | Description |
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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SEC 80 D
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Under Section 80 D premium up to Rs 10,000 (Rs.15,000 for senior citizens) are allowed as deduction from taxable income.
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1) Health Insurance Plan fully guaranteed for 3 years2) Insure yourself and/or your family or your parents3) Decide on the amount of insurance for each individual4) Benefits on hospitalization/surgery are fixed and will be paid a) irrespective of actual costs b) in addition to any other health plan you may have5) Universal Health Benefit helps you and your family with out-of-pocket health related expenses û example medical tests, prescription drugs, ayurvedic & homeopathy medicines à6) You are Guaranteed a new BSLI Universal Health Plan with the Guaranteed Insurability Health Benefit:a) up to age 78 for you and your spouse or for your parentsb) up to age 23 for your dependent childrenc) no underwriting, no questions asked, guaranteed issued) irrespective of the health status or past claims under an enhanced BSLI Universal Health Plane) more units for everyone with more covered surgeriesf) no waiting period, no deductible, no excluded surgeries
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The Universal Health Benefit is in addition to the benefit amount payable under each Health Insurance Benefit. This unique benefit helps you and your family with out-of-pocket health related expenses.Health & Medical related expenses incurred during the policy term and which are not otherwise covered under this plan will be reimbursed at the end of the policy term. The total we will reimburse is capped at the æstandard annual premiumÆ for the Principal insured.Health & Medical related expenses include costs of medical tests, prescription drugs, medicines (ayurvedic/homeopathy included), consultation fee for physician/surgeon, dental / ophthalmic / orthopedic treatments and any surgical procedures (including the Excluded Surgeries) otherwise not covered under this plan.Health & Medical related expenses incurred by Spouse and each Dependent Child insured under the policy can also be claimed. Please make sure to keep your bills in a safe place to be submitted for reimbursement at the end of the 3-year policy term. Deductible of Rs.100 applies per Universal Health Benefit claim.
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The Guaranteed Insurability Health Benefit applies to everyone under the plan and guarantees that everyone can remain insured for a very long time (up to age 80 for the Principal & Spouse and up to age 25 for Dependent Child).When your policy expires at the end of its 3-year policy term, you will have the option to purchase a new 3-year BSLI Universal Health Plan covering the same insured lives each for their same number of Health Insurance Units. Furthermore, this option to purchase a new BSLI Universal Health Plan every 3 years is available to you:- Until age 78 of the Principal insured and Spouse and until age 23 of the Dependent Child; with- No underwriting, no questions asked, guaranteed issuance of the new plan û irrespective of the then current health status of lives insured or past claims paid by us.PLUS- The number of Health Insurance Units for each life insured is automatically increased by 20% of initial Health Insurance Units (example 3.0 units becomes 3.6 units).- Waiting Period of 90 days is waived.- Deductible of Rs.1,000 is waived.- All Excluded Surgeries are covered.- Total of 101 Covered Surgeries.PLUS - Any Universal Health Benefit not claimed at the end of the 3-year policy term will be carried forward to your new BSLI Universal Health Plan; and- Should any portion of this carried forward amount still remain unclaimed for another 3 years, then the Universal Health Benefit will be increased by 20% of this still unclaimed carried forward amount as a no-claim bonus.
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The Spousal Continuation Health Benefit ensures that the Spouse under the plan can remain insured irrespective of the status of the Principal insured.Should the Principal die, the Spouse will automatically become the Principal insured and the policy will continue uninterrupted.Similarly, if the Guaranteed Insurability Health Benefit can be exercised for the Spouse but not for the Principal (now aged beyond 78), then the Spouse can exercise the Guaranteed Insurability Health Benefit alone and become the Principal insured on the new BSLI Universal Health Plan.
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Yes, you can add/delete Health Insurance Unit û but only when the Guaranteed Insurability Health Benefit is exercised.When the new BSLI Universal Health Plan is issued, you can decide to reduce the number of Health Insurance Units for any life insured.You can also decide to increase the number of Health Insurance Units for any life insured, subject to providing evidence of insurability satisfactory to us for that life insured. Note that the Guaranteed Insurability Health Benefit will automatically increase the number of Health Insurance Units for each life insured by 20% of the initial units without any underwriting by us.
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You can avail of our cashless facility arrangement with over 4000 network hospitals across India. We will confirm the cashless facility to you/hospital within 3 hours after we receive the pre-authorization form from the hospital and approve the same.We will pay the hospital directly for bills not exceeding the benefit amount payable under your policy. Any shortfall will need to be paid by you. We will send you a cheque for any excess benefit amount payable under your policy over the amount we paid directly to the hospital.Alternatively, you can pay all hospitalization bills directly and submit the claims documents post discharge. Once we approve of the claim, a cheque will be sent to you for the benefit amount payable under your policy.For treatment in non-network hospitals, you will need to settle the bills directly and submit the claims documents post discharge.
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13-Jul-09
20:14
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Birla Sun Life Insurance launched 'Super 20'
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25-Jun-09
11:26
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Birla Sun Life renewed bancassurance with Development Credit Bank
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20-Jun-09
11:46
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Investing Rs 500 cr in Life Insurance arm : Birla & Sun Life
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16-Jun-09
12:26
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Sun Life Financial acquires UK business of Lincoln National
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19-May-09
11:55
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Birla Sun Life paid Rs 1.25 lakh as settlement amount to SEBI
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15-May-09
12:26
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Claims outstanding ratio has been reduced by 100% : Birla SunLife Insurance
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29-Apr-09
10:26
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Birla Sun Life Insurance crosses Rs 10,000 cr in AUM
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08-Apr-09
08:56
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Birla Sun Life Insurance opens zonal office in Pune
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20-Jan-09
13:20
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Birla Sun Life to partner in micro insurance project
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10-Jan-09
10:20
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Birla Sun Life mutual dumps Satyam
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09-Jan-09
14:10
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Birla Sun Life enters the health space
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08-Jan-09
12:40
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BSLI enters health insurance buisness
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03-Dec-08
12:06
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Birla Sun Life CEO quits
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