The world without a worry !
So, you can focus on your studies, and you'll only bring back happy memories
They say, travelling makes you a storyteller. We ensure your employees only have happy stories to share. Give them the comfort of Group Explore our Travel Insurance on their next work-trip both International or Domestic.
With CHI as your insurer, its truly Health ki Guarantee!
Freedom to get Health Insurance without worrying about your current health status
Get enhanced coverage for greater protection
A perfect blend of hospitalization & maternity insurance
Along with Maternity & Newborn coverage, Joy offers you a number of thoughtfully designed features & Services that give you several advantages at most critical of time. Two plans available- Joy Today and Joy tomorrow.
A Comprehensive Health Insurance plan that not only covers heart ailments but offers much more
* At the discretion of Underwriting. **Up to 25% of Sum Insured.
A Comprehensive Health Insurance plan for Life’s golden years.
*At the discretion of underwriter.
^Tax Benefits under the policy will be as per the prevailing Income Tax laws and are subject to amendments from time to time.
For tax related queries, contact your independent tax advisor. As per section 80D of Income Tax Act, an Adult (aged between 18 & 60 years) can save tax on a premium of upto Rs. 25,000 and his/her senior citizen parent/s (aged 60 years & above) can save tax on a premium of upto Rs.50,000.
**For 5 consecutive claims free years by using No Claim Bonus & No Claim Bonus Super (Optional Cover ).
Incremental increase every year is applicable on base Sum Insured. If a claim is made in any particular year accrued NCB or NCB super will be reduced at same rate at which it is accrued.
In line with our objective of ensuring good health…hamesha! Our Comprehensive Health Insurance Plan – Group Care; helps safeguard the most important asset for you i.e. your employees / Customer, against financial risks arising out of a medical emergency.
A comprehensive Health Insurance that covers all major types of Cancers on a lifelong basis and offers affordable EMIs.
Health Insurance cover specifically designed to cover 16 major Heart ailments that comes with option to pay in Easy EMIs
Unlike most other plans this plan offers lifelong coverage for 32 critical illnesses
Health Insurance that covers expenses related to defined Surgical procedures
Truly Comprehensive Personal Accident cover with broad range of features, add-on benefits, hassle free procedures & thoughtful services
Journey of life is not smooth and some things cannot be predicted for such as an unfortunate accident. That’s why your employees/customers need Group Secure – Personal Accident Insurance so that life’s big or small surprises never pull you down.
Please visit Self Help Portal for changing your contact details such as Address, Email ID and Mobile number as well as for placing request online for Policy documents and tracking your Request status.
Managing your Care Health Insurance policy is now App Solutely Simple with our all new mobile app. Available on both Google Play Store & iOS. To download – click on Icon
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Managing your Care Health Insurance policy is now App Solutely Simple with our all new mobile app. Available on both Google Play Store & iOS. To download
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Features and Benefits of NCB in Health Insurance
92.3%
Claim Settlement Ratio (OND 2018)
8250+ +
Network Hospitals across 500 cities
400 Lacs+
Lives covered
The rising medical inflation hints at the need for having adequate health insurance cover that would save you in times of medical emergencies. Health insurance policies will not only cover you for the medical expenses you incur but also reward you for spending a claim-free year under the No Claim Bonus (NCB) feature. If you are opting for a health policy, you should consider this feature as a key factor, as it helps you get enhanced coverage and additional protection to protect from healthcare expenses.
Let us understand more about the No Claim Bonus and how it benefits a policyholder.
Table of Content:
A No Claim Bonus (NCB) in health insurance refers to the bonus coverage added to the sum insured provided by a health insurance company for every claim-free policy year. It is a reward that we, at Care Health Insurance, give to the policyholders for maintaining good health and not filing a claim during the policy year. It is a fantastic benefit that policyholders can enjoy on their health insurance policies.
The policyholder is entitled to cumulative benefit under no-claim bonus, wherein the sum insured amount increases by a specified percentage in every claim-free year. There is a yearly increase of 10 percent in the sum insured. This way, the coverage amount gets accumulated and offers an additional financial safety net for the policyholder. There is a maximum limit to the increase of up to 50% of the original sum insured.
The ultimate aim of medical insurance plans is to provide financial comfort to a family, considering that medical treatment is getting expensive as each year passes. The hospital bills one incurs are either reimbursed or settled through a cashless medical insurance claim facility. Sometimes, it might happen that policyholders do not need to make a claim. The reason could be that they managed to stay healthy that saved them from hospital expenses. So, in this case, they are entitled to a no-claim bonus under their health insurance plan.
Example: Let us assume a person opted for a health insurance plan with a sum insured of Rs 10 lakh.
Under the NCB, there is a 10% increase in sum insured per policy year in case of no claim. The maximum limit on the increase is up to 50% of the sum insured.
Claim-Free Year | Sum Insured |
1st claim-free year | Rs 11 lakh |
2nd claim-free year | Rs 12 lakh 10 Thousand |
3rd claim-free year | Rs 13 lakh 31 Thousand |
Cumulative Bonus: For every year you enjoy un-interrupted good health, your NCB Super keeps adding up. It is the extension of the no claim bonus benefit. For every claim-free year, you will receive an increase of 10% in your sum insured. However, in any case, the NCB will not exceed 50% of the sum insured.
Example: You have a health insurance policy that gives you a sum insured of Rs 5 lakh, and we provide a 10% no claim bonus for each claim-free year. In the first year, if you do not file any health insurance claims, your sum insured would increase by Rs 50,000. Your total sum insured would be Rs. 5,50,000 for the same premium cost. In the same way, for the subsequent claim-free years, your coverage amount would be Rs 6 lakh, and so on. That means, in the third year, you can claim up to Rs 6 lakh.
When you decide to buy a health insurance plan with no claim bonus cover, read the below features of NCB:
No claim bonus is a noteworthy feature of health insurance plans that benefits a policyholder in many ways:
>> Also Read: Health Insurance Claim Settlement Ratio
Care Health Insurance offers bonuses to the policyholders for spending a year without making any claim on their health insurance policy. The no-claim bonus (NCB) feature is an advantage as it entitles them to make huge savings. The NCB in health insurance is available as a cumulative bonus amount accumulated to the sum insured every year.
This way, the policyholders can enjoy additional coverage and get required support during medical emergencies to access quality treatment without any worry. As the healthcare costs in India are rising steadily, the NCB offered by us proves to be highly beneficial.
No claim bonus in health insurance is among the useful features of medical insurance policies, which should be considered by policy buyers since it saves on medical expenditures.
Every health insurance policy has a definite tenure. One can opt for a longer tenure, say for two or three years. In such cases, the policyholders have the option to pay a one-time premium for all these years and save themselves from the hassles of renewing the policy annually. However, in the case where a policyholder fails to renew the policy before the expiry date, it will lapse.
In such an event, the policyholder will not receive the benefits that come with health policy renewal. That is, the accumulated coverage amount that comes under no claim bonus would not be available to the policyholders if they do not renew their policies on time.
One of the advantages policyholders have under health insurance plans is the option to change their plan from individual to a family floater health insurance. By changing an individual policy to a family floater, the benefits accumulated in the previous health policy can be made available to other members of the family under the new policy. However, the sum insured amount or the percentage can vary, and it would depend on whether the plan was changed from individual to family floater or vice versa. Moreover, an increase in sum insured is also another vital factor taken into account.
Yes, the no-claim bonus is easily transferable. A policyholder can transfer the no-claim bonus benefits accumulated from a particular health insurance plan to a new health insurance plan from another insurance company. It can be transferred at the time of the portability of a health insurance policy or policy renewal.
Medical inflation in our country has been rising every year at the double the rate of overall inflation. The costs of healthcare services are skyrocketing, and it will be difficult to bear the medical costs in the coming future. In such a grim situation, no claim bonus in health insurance can be beneficial, and you can avail no claim bonus as cumulative benefits in the form of a higher sum insured.
No claim bonus in health insurance is offered to the policyholder when renewing the health insurance policy. You will get a boost in your sum insured in the form of a no claim bonus super that cumulatively increases in value instead of the usual no claim bonus.
No Claim Bonus in health insurance is usually applied under the following conditions:
In summary, a no claim bonus in health insurance is amongst the key features that you should consider before purchasing a policy. Health Insurance plans that offer substantial bonuses prove to be highly conducive to your needs when struggling with rising medical bills.
The current medical inflation is affecting the healthcare industry immensely. Choose our health insurance plans with no claim to enhance your health coverage, and sum insured. Therefore, if protection for your savings is the objective, then get the most out of your health insurance policy, stay fit, and avail of no claim bonus by spending a claim-free year.
Walk-in to the nearest Axis Bank branch to pay your Renewal Premium conveniently via Cheque/Demand Draft. Please ensure to keep the following in mind while opting for the same:
Please visit during banking hours and ask for ‘Easy Pay’ service counters at Axis Bank branch to deposit your premium.
Please mention your Policy(s)number and Contact number on the reverse of cheque. Instrument should be in favour of "Religare Health Insurance Company Limited"
Make sure to collect the acknowledgement slip before leaving bank’s service counter for any future correspondence.
Postdated/ Outstation/ Third Party cheques are not allowed.
Please ensure the cheque amount is equal to the amount mentioned in renewal invite.
It is advisable to carry a copy of Renewal invite while visiting to Axis Bank branch.
Please ensure to deposit the cheque at least 7 Days prior to the due date. Instrument deposition is not allowed after the policy expiry date.
In case of any modifications in the policy details at the time of renewal, please contact our
branch and do not deposit the cheque in Axis Bank Branch.
Contact respective ‘Axis Bank branch manager’ in case of any difficulty/issue/clarification related to deposition of renewal premium. You may further contact our Customer Service team at 1800-102-4488/1800-102-6655
Add family members to be insured
Terms & Conditions of Premium Quote Generation
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