Advantages of Purchasing Universal Sompo Health Insurance Plans
Updated On Jul 14, 2021
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While comparing the health insurance plans for yourself or your loved ones, you must look forward to the features and benefits of the plans. Based on the benefits offered by the health insurance plans, you can choose the most suitable plan. There is a list of standard benefits that are offered by all the insurers on all their health insurance policies, but some insurers provide their policyholders with extra benefits which make the company stand out in the competition and enable the customers to make the most of the policy purchased.
Universal Sompo health insurance is the first private-public partnership in the insurance market. This firm aims to fulfill the demands of customers from varied sections of society. Health insurance policies by Universal Sompo health insurance are promising and cost-efficient for the customers. It offers health insurance plans for both individuals and families, providing them with wide coverage to ensure quality services. The plans by Universal Sompo health insurance take care of your medical expenses when admitted to a private hospital in case of an emergency. You must invest in a health insurance policy as the inflation in the health sector is increasing rapidly.
About Universal Sompo Health Insurance
Universal Sompo health insurance offers comprehensive and customized health insurance policies to its customers which includes various variants like critical illness covers, maternity benefit plans, personal accident covers, and a lot more. These affordable plans offered by the company shield you and your family against any unforeseen event that might occur shortly. Let us look at some of the prominent features of Universal Sompo health insurance:
- The company offers lifelong renewability of policies to its customers, which ensures the connection between the insurer and the policyholder.
- It has a network of around 4,000+ linked hospitals that provides cashless treatment to its policyholders.
- The company had a claim settlement ratio of 70.75% in FY 2019-20.
- Short term COVID-19 covers are also available to cover the medical expenses incurred during the treatment of the coronavirus.
- 24X7 customer care support is available for the customers to solve their grievances with the company at the earliest.
- Universal Sompo insurance provides 135 IRDAI approved insurance products that are trusted by customers across the subcontinent.
- To enhance the claim settlement services, in-house claims are also processed.
Benefits of Universal Sompo Health Insurance Plans
Considering the above-mentioned range of standard features of Universal Sompo health insurance, we can say that it is a leading insurance firm in the market and can be trusted by the customers. Let us look at some of the additional benefits that the company provides to its policyholders:
- Under section 80D of the Income-tax Act, the policyholders who are also taxpayers, are eligible for tax deduction benefits on their premiums paid for the purchased health insurance policy.
- The company includes a wide range of medical expenses that can incur at times of an emergency like ambulance charges, maternity expenses, pre and post-hospitalization expenses, daycare procedures, OPD, hospital cash benefits, and a lot more.
- To avail of the benefit of cashless treatment from Universal Sompo health insurance, you must seek treatment from one of the network hospitals of the company. In such a case, your medical dues will be cleared by the insurer directly with the hospital without involving you or any other third party.
- For employees coverage, the plans offered are affordable and offer wide coverage. Additional protection is made available to the employees covered under such group health insurance plans.
- The benefit of free health check-ups is provided in case of the claim-free policy tenure. The policy tenure might differ from one plan to another.
You must be aware of the inclusion and exclusions in your health insurance policy to make a smooth and hassle-free claim at the time of an emergency. You must thoroughly go through the fine print or the terms and conditions of your purchased policy to understand it better.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.