- About Coverfox
A health insurance plan that allows you to benefit on being active. Sounds interesting? This health plan is all that you will ever need for a healthy life.
Aditya Birla group, the Indian multinational conglomerate, is a brand that is almost omnipresent in the country. The headquarters of the Company is in Mumbai and it has operations in more than 35 countries across the globe. Seth Shiv Narayan Birla was the founder of the company in 1857 and the brand has done well over the years. It deals with products and services in metals, cement, fibres, apparel, chemicals, fertilizers, IT services, financial services, telecom and so on.
One such crucial arm of the brand is Aditya Birla Capital. This arm looks after all the financial services. Formerly known as Aditya Birla Financial Services Limited, the brand has its presence in insurance, private equity, asset management, project finance, structured finance, general insurance broking, corporate lending, wealth management, equity and so on.
Aditya Birla Capital has more than 17,000 employees and 2,00,000 + agents or partners to ensure the reach of products. Till the 31st of December 2018, the brand was known for managing INR 3,000 billion and lending over INR 600 billion. It is safe to say that Aditya Birla Capital has established itself as one of the leading names in the financial services sector.
The insurance sector in the country is one of the most intriguing business opportunities. A low insurance penetration rate means that there are plenty of opportunities for insurers to grow. And with the help of Activ Assure Diamond Plan, Aditya Birla aims to do exactly the same. For the ones who have been to any hospital in recent times or have undergone a medical treatment would know the plight of such situations.
Medical procedures and hospitalisation charges are constantly on the rise. Merely banking on your savings might just not be enough to get you or your loved ones out of such tricky situations. Even if you do manage to take care of the expenses, you will soon realise that you have depleted a large chunk of your savings. Buying a health insurance plan would be a smart decision in such times. Our ever-changing lifestyles also warrant to have a backup plan for medical emergencies. And these changes have left us vulnerable to a lot of medical conditions. With good medical insurance, you can take care of your pre-hospitalisation as well as post-hospitalisation related expenses.
This is where Aditya Birla Activ Assure Diamond plan comes into the picture. It is an ideal health insurance plan that will ensure that you and your loved ones are not bothered by the rising costs of hospitalisation or medical procedures. If you are someone who is looking for a health insurance plan that offers high sum assured and is hassle-free to buy and maintain, this is the plan for you.
The plan has quite a few interesting features and benefits up its sleeves, which makes the plan worth investing your money in.
It is only natural that one would want to know the various benefits of buying a health insurance plan. Should you decide to buy Activ Assure Diamond plan, the following are the benefits that you get instant access to.
To complement the above key benefits, Activ Assure Diamond plan offers the following features. As a prospective policy buyer, being aware of these benefits and features will aid you in taking a much better decision.
Aditya Birla Activ Assure Diamond Plan offers an exhaustive list of coverages. Here is a quick list of the same.
The following are a few of the conditions and scenarios where your Activ Assure Diamond plan might not save the day for you. It is essential that you go through the entire exclusion list to ensure that your claims are not rejected.
It should not come as a surprise that the company has a few yardsticks before letting you buy the policy. To be able to enroll under Activ Assure Diamond plan, the minimum age should be 5 years and there is no cap on the upper limit. Yet, there is a clause that comes into the picture if the applicant’s entry age is more than 61 years. At such times, the policyholder has to pay a 20% co-pay charges during claims.
Documents Required for Aditya Birla Activ Assure Diamond Plan
The following is the list of documents that you need to furnish should you want to buy Activ Assure Diamond plan.
If you wish to secure your future without any concerns for health-related expenses, buying the Activ Assure Diamond plan is one of the smartest decisions. The plan offers excellent coverage, doesn’t burn a hole in your pocket and the buying and claims process is hassle-free. The insurer also allows you to buy the plan for multiple years, thereby skipping the need to renew on a yearly basis.
A lot of policyholders have posted positive reviews about the policy across various platforms. The policy has received 4 stars out of 5, after considering the votes by many users. When it comes to cashless treatment, the policy has received 4/5. In terms of customer service, the policy has received 4/5. In terms of medical coverage, policyholders have rated the policy 4.5/5. As far as claim experience is concerned policyholders have rated it 4/5. And for the last parameter of responsiveness, the policy receives 5/5 from its users.
What is the validity of the policy?
It largely depends on the tenure that you select for your policy. It starts with a minimum of 1 year, but can be also bought for 2 or 3 years.
Is there a waiting period for maternity benefit?
This plan does not offer maternity benefits.
How long does it take to settle claims?
Usually, the claims take less than 7 working days to be settled. If due to some reason, the claim is not settled, it will be done within 30 days.
What is portability?
If you are not happy with your current insurer or the policy, you can choose to move to another insurer offering a similar policy. In such cases, you do not miss out on the waiting periods and can get rid of bad insurers or policies.
How are health returns earned?
HeathReturnTM is an exclusive program that Aditya Birla Capital runs to ensure that the policyholders remain fit and healthy. These rewards accumulate as and when you complete a certain set of activities or tasks. There are three primary ways in which you can earn HeathReturnTM.
Staying active and being involved with exercises or activities is one of the most rudimentary ways of staying healthy. The whole idea and concept of Activ Dayz revolves around that. Think of this as encouragement for staying active and pushing limits day in and day out. To stay active, you can choose any activity that you like such as, cycling, running, dancing, skipping, etc. The following are three prominent ways of earning Activ Dayz.
How to use the earned health returns from ActivDayz?
The next most obvious question would be, how do you utilize the Activ Dayz and where do you use them? Well, to make things easier for customers to adopt, Aditya Birla offers a multitude of things that you can do with the earned HeathReturnsTM.
For starters, you can do really small things such as buy medicines with these points. Once you have accumulated a healthy number of points, you can even use them in surgeries that do not require a waiting period or exclusion. Lastly, you can even use the points to pay the policy premiums. The only condition is, you should have renewed your policy at least once.