Liberty General Insurance

Key Features

Claim Settlement Ratio 94%

Claim Settlement Facility 100%

Network Hospitals 5000

Renewability 100%

COVID-19 Cover Yes

Incurred Claim Ratio 74.58%

Benefits of Liberty General health insurance

Liberty health insurance premium can be paid in installments reducing the burden on the insured to pay the premium in one go. Premiums can be paid on a monthly , quarterly or half yearly basis.

The sum insured can be reloaded equivalent to the original sun insured opted by the insured at the time of purchasing the policy. The reload of sum insured will be triggered immediately after the exhaustion of the base sum insured as well as any accumulated sum insured. Any un utilized reload sum insured cannot be carried forward to the next policy period.

The Cumulative Bonus available under the policy would be increased every claim free year up to a maximum of 150% of the base sum insured under the policy. The cumulative bonus is in addition to the base sum insured under the policy. The cumulative bonus would be increased up to 25% for every claim free year.

The policy provides additional perks for every 2 claim free years as per the sum insured and the plan opted. This benefit would automatically accumulate in the policy and may be utilized after the 2nd claim free policy renewal for any non-medical expenses, co-pay or sub limits as applicable under the policy.

There are various discounts available under the Liberty General health insurance policy which are mentioned below:-

  • Family discount - The company would offer a discount of 10% if 2 or more family members are covered in the same policy on an individual sum insured basis.
  • Multi-year discount - A discount of 7.5% and 10% if the customer opts for 2 or 3 year tenure policies respectively.
  • Employee discount - 10% discount on premium can be availed if the client is an employee of the company.
  • Direct purchase discount - A discount of 10% can be availed if the policy is purchased through the website directly.

The insured has the option to opt for this cover which would wave off the medical sub limits mentioned under the health insurance plan. The sum insured under the plan would be the maximum limit of liability of the company.