Care Health Insurance

Key Features

Claim Settlement Ratio 92.30%

Claim Settlement Facility 100%

Network Hospitals 8350

Renewability 100%

COVID-19 Cover Yes

Incurred Claim Ratio 55%

Key features of Care health insurance

No Claim Bonus Super : No claim bonus of 50% per claim free year up to a maximum of 100% of the sum insured. With no claim bonus and no claim bonus super cover the overall no claim bonus under the policy can be increased up to 150% of the base sum insured. Incremental increase is applicable on the base sum insured. If a claim is made in any particular policy year, accrued NCB and NCB Super will be reduced at the same rate at which it is accrued.

Care Shield : Care shield is an add-on that offers 3 benefits:

  • Claim Shield in which the list of non payable expenses such as attendant charges, gloves, mask etc. would be payable under this benefit.
  • No claim bonus shield in which if the total payable claim amount under the policy is less than 25% of the sum insured, then no claim bonus as applicable under the policy is not reduced. The no claim bonus would be intact if the total claim amount under the policy is less than 25% of the sum insured.
  • Inflation shield in which the base policy sum insured would increase on cumulative basis at each renewal on the basis of inflation rate in previous year.

Reduction in PED Cover : The applicable waiting period under the policy can be reduced from 48 months to 24 months under this option. After the completion of 24 months the claims would be admissible under this policy for any medical expenses incurred for Hospitalization in respect of diagnosis/ treatment of any pre-existing diseases.