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Medi Classic Presentation


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Medi Classic Presentation

  1. 1. Presentation on MEDI-CLASSIC
  2. 2. Coverages <ul><li>Hospitalization Expenses incurred as an inpatient for </li></ul><ul><li>Sickness/Illness/Diseases </li></ul><ul><li>Accidental injuries </li></ul>
  3. 3. What is a Hospital? <ul><li>Hospital, Nursing Home means any institution in India established for indoor care and treatment of sickness and injuries and which </li></ul><ul><li>Either </li></ul><ul><li>It has been registered with the local authorities and is under the supervision of a registered and qualified Medical Practitioner </li></ul><ul><li>or </li></ul><ul><li>Should comply with minimum criteria as under </li></ul><ul><li>It should have at least 15 inpatient beds (10 in Class ‘C’ Towns). </li></ul><ul><li>Fully equipped operation theatre of its own wherever surgical operation is carried out. </li></ul><ul><li>Fully qualified nursing staff under its employment round the clock </li></ul><ul><li>Fully qualified Doctor(s) should be in charge round the clock. </li></ul>
  4. 4. Age Limits <ul><li>5 Months – 80 Yrs </li></ul><ul><li>Proposals from persons above 45 yrs, age proof in the form of DL, Pass Port, Ration Card or School Certificate is required. </li></ul><ul><li>Dependent Children can be covered only with any one of their Parents </li></ul>
  5. 5. Medical Examination <ul><li>For persons with adverse medical history </li></ul><ul><li>and </li></ul><ul><li>For all persons above 50 years, acceptance subject to Medical Examination at Company’s Cost. </li></ul>
  6. 6. Sum Insured <ul><li>Minimum Sum Insured - Rs. 50,000/- </li></ul><ul><li>Maximum Sum Insured - Rs. 10,00,000/- </li></ul><ul><li>The following Sum Insured options are available </li></ul><ul><li>Rs. 50,000/- </li></ul><ul><li>Rs. 1,00,000/- </li></ul><ul><li>Rs. 1,50,000/- </li></ul><ul><li>Rs. 2,00,000/- </li></ul><ul><li>Rs. 2,50,000/- </li></ul><ul><li>Rs. 3,00,000/- </li></ul><ul><li>Rs. 3,50,000/- </li></ul><ul><li>Rs. 4,00,000/- </li></ul><ul><li>Rs. 5,00,000/- </li></ul><ul><li>*Rs.10,00,000/- * for members from 5 months to 65 yrs only </li></ul>
  7. 7. Allowable Expenses <ul><li>Room rent & boarding charges @ 2% of the sum insured up-to a maximum of Rs. 4,000/- per day </li></ul><ul><li>Nursing charges </li></ul><ul><li>Surgeons, Anesthetist, Consultants and Specialists fees </li></ul><ul><li>Operation Theatre charges, drugs and medicines diagnostic materials, cost of pace maker etc </li></ul><ul><li>Emergency Ambulance charges to go to Hospital for treatment @ Rs 750/- per hospitalisation upto a maximum of Rs 1,500/- per policy period </li></ul>
  8. 8. Allowable Expenses (Contd.) <ul><li>Pre-hospitalization expenses incurred for a period of 30 days prior to the date of hospitalization </li></ul><ul><li>Post hospitalization expenses on a lump-sum basis @ 7% of the actual hospitalization expenses (excluding room rent and hospital registration charges), subject to a maximum of Rs. 5,000/- </li></ul>
  9. 9. Day Care Treatment <ul><li>Minimum of 24 hours Hospitalization is not necessary for the following </li></ul><ul><li>Dialysis, </li></ul><ul><li>Chemotherapy, </li></ul><ul><li>Radiotherapy, </li></ul><ul><li>Cataract surgery, </li></ul><ul><li>Dental Surgery, </li></ul><ul><li>Lithotripsy (Kidney stone removal), </li></ul><ul><li>Tonsillectomy, </li></ul><ul><li>Cutting and Draining of Abscess, </li></ul><ul><li>Liver Aspiration, </li></ul><ul><li>Pleural Effusion Aspiration, </li></ul><ul><li>Colonoscopy, </li></ul><ul><li>Sclerotheraphy, </li></ul><ul><li>The above treatment shall be taken in the Hospital / Nursing Home and the Insured is discharged on the same day. </li></ul>
  10. 10. Sub limits Name of the Ailment / Surgery / Procedure Sub Limit Cataract surgery Rs. 20,000/- in respect of one eye and Rs. 30,000/- in the entire policy period Lithotripsy (Kidney stone removal) Rs. 20,000/- Tonsillectomy Rs. 7,500 /- Cutting and Draining of Abscess Rs. 1,500 /- Liver Aspiration Rs. 2,000 /- Pleural Effusion Aspiration Rs. 2,000 /- Colonoscopy Rs. 2,000 /- Sclerotheraphy Rs. 5,000 /-
  11. 11. Premium Rating Age Sum Insured (Rs.) 50000 1 Lakh 1.5 Lacs 2 Lacs 2.5 Lacs 3 Lacs 3.5 Lacs 4 Lacs 5 Lacs 10 Lacs 5 Months to 35 Years 575 1200 1800 2350 2800 3300 3750 4200 4900 7065 36 Years to 45 Years 700 1350 2000 2600 3150 3650 4150 4500 5400 7965 46 Years to 55 Years 1320 2447 3400 4583 5548 6170 7408 8700 10700 13265 56 Years to 65 Years NA 3000 4200 5300 7200 8200 10196 11451 13958 16525 66 Years to 70 Years NA 4547 6717 8768 10696 12625 14434 16242 19859 NA 71 Years to 75 Years NA 4872 7284 9574 11744 13914 15964 18015 22113 NA 76 Years to 80 Years NA 6029 9284 12420 15433 18449 21341 24236 30023 NA
  12. 12. No Claim Discounts (NCD) in case of Renewal <ul><li>5% Discount on Basic Premium for every Claim Free Year </li></ul><ul><li>Maximum 25% </li></ul><ul><li>In the event of a Claim </li></ul><ul><li>One Step back in NCD for Age Group 5M – 35 Yrs </li></ul><ul><li>Two Steps back for Age Group 36 – 45 Yrs </li></ul><ul><li>Above 45 Yrs – No NCD </li></ul>
  13. 13. Transfer of Policy <ul><li>To obtain the following benefits there should be a continuous renewal of the expiring policy </li></ul><ul><li>(a) Renewal with Cumulative Bonus details </li></ul><ul><li>Cumulative Bonus as shown in the Renewal Notice is given </li></ul><ul><li>Additional 5% Discount on premium is also given </li></ul><ul><li>(b) No Renewal Notice or Renewal Notice without Cumulative Bonus details </li></ul><ul><li>Cumulative Bonus as shown in the Previous Policy is given </li></ul><ul><li>Additional 5% Discount on premium is also given </li></ul><ul><li>A declaration stating No Claim under the expiring policy has to be obtained from the insured </li></ul>
  14. 14. Transfer of Policy – An Illustration <ul><li>Sum Insured – Rs. 1 Lac </li></ul><ul><li>Premium – Rs. 1,200/- + S.Tax </li></ul><ul><li>CB shown in the expiring Policy – Rs. 10,000/- (10%) </li></ul><ul><li>CB eligible at the time of Renewal – Rs. 15,000/- (15%) </li></ul><ul><li>In Case of (a) – CB of Rs. 15,000/- will be given and additional 5% discount on Rs. 1,200/- will also be given. </li></ul><ul><li>In Case of (b) – CB of Rs. 10,000/- as shown in the expiring policy will be given and additional 5% discount on Rs. 1,200/- will also be given. </li></ul>
  15. 15. Other Benefits <ul><li>Benefits under Section 80-D of the IT Act </li></ul><ul><li>Cashless Service without involvement of TPA </li></ul><ul><li>Direct Tie up with hospitals on an All India Basis </li></ul><ul><li>24 X 7 In-House Call center (044-2826 3300) </li></ul><ul><li>Toll Free Telephone line assistance </li></ul><ul><li>(1800 425 2255) </li></ul><ul><li>Full knowledge based website to offer medical information, including Health Tips. </li></ul><ul><li>Health Check-up benefits in addition to NCD </li></ul><ul><li>Frequent health meets to disseminate information on health related topics </li></ul>
  16. 16. Optional Benefits <ul><li>The following Optional benefits can be availed on payment of Additional Premium </li></ul><ul><li>Hospital Cash : </li></ul><ul><li>This insurance provides for Cash benefit of Rs. 500/- for and each and every completed day of Hospitalisation subject to a maximum of Rs. 1,500/- per hospitalisation and Rs. 3,000/- per policy period. </li></ul><ul><li>Insured persons aged less than 21 years and more than 60 years are not entitled for this benefit. </li></ul><ul><li>Premium </li></ul>Age Band Premium (Rs.) 0-35 Years 200 36-45 Years 250 46-55 Years 300 56-60 Years 350
  17. 17. Optional Benefits (contd.) <ul><li>Patient Care : </li></ul><ul><li>Applicable for persons aged above 65 Years </li></ul><ul><li>This insurance is extended to provide for the cost incurred for engaging one attendant at residence after discharge from the hospital of the Insured Person following a covered occurrence under the policy up to Rs. 400 per day for a maximum of 5 days per hospitalisation. Subject to Time excess of 2 days. </li></ul><ul><li>Provided engagement of such an attendant is recommended by the attending physician and agreed to by the Company, in writing </li></ul><ul><li>Premium – Rs.300/- per person </li></ul>
  18. 18. <ul><li>Covers Insured Person, Spouse and 2 Dependant Children </li></ul><ul><li>Age Limit : 5 Months to 45 Years </li></ul><ul><li>Sum Insured Equally apportioned among Insured family members </li></ul><ul><li>Rating </li></ul>Family Package <ul><li>Provides cover to New Born from Birth up to expiry of policy period. </li></ul><ul><li>The Sum Insured is restricted to 10% of the Mother’s Sum Insured on Payment of 10% of the Policy Premium. </li></ul>Details Sum Insured 2 Lacs 3 Lacs 2 Adults 2348 3400 2 Adults + 1 Child 2238 3825 2 Adults + 2 Children 2320 4080 1 Adult + 1 Child 2168 3230 1 Adult + 2 Children 2206 3280
  19. 19. Exclusions <ul><li>Pre Existing Diseases (covers after 4 yrs of continuous renewal with us without break) </li></ul><ul><li>Any Disease contracted during first 30 days </li></ul><ul><li>First Year Exclusions </li></ul><ul><li>Benign prostate hypertrophy </li></ul><ul><li>Hernia, Hydrocele, Fistula in Anus, Piles </li></ul><ul><li>Sinusitis </li></ul><ul><li>congenital internal disease/defect </li></ul><ul><li>Renal stone and Gall stone removal </li></ul><ul><li>First Two Years Exclusions </li></ul><ul><li>Cataract </li></ul><ul><li>hysterectomy following menorrhia or fibromyoma </li></ul><ul><li>Knee Replacement Surgery </li></ul><ul><li>Joint Replacement Surgery </li></ul><ul><li>Prolapse of intervertibral </li></ul><ul><li>Vericose veins/ulcers </li></ul>
  20. 20. Exclusions (Contd.) <ul><li>Injury / Disease arising due to War, Invasion, Act of Foreign Enemy, Warlike operations </li></ul><ul><li>Circumcision unless necessary for treatment of a disease </li></ul><ul><li>Cost of spectacles and contact lens, hearing aids, walkers, crutches wheel chairs and such other aids </li></ul><ul><li>Dental treatment or surgery </li></ul><ul><li>Convalescence, general debility, Run-down condition or rest cure, congenital external disease or defects or anomalies, sterility, venereal disease, intentional self injury and use of intoxicating drugs/alcohol </li></ul><ul><li>Naturopathy Treatment </li></ul><ul><li>Expenses incurred on Lasik Laser or Refractive Error Correction treatment </li></ul>
  21. 21. Exclusions (Contd.) <ul><li>Hospital registration charges, record charges, telephone charges and such other similar charges. </li></ul><ul><li>Non Allopathic shall be restricted to Rs. 25,000/- per occurrence and subject to an overall limit of 25% of the sum insured during the entire policy period. </li></ul>
  22. 22. Claim Procedure <ul><li>In case of Network Hospitals </li></ul><ul><li>Immediate intimation to the Call Centre </li></ul><ul><li>(1800 425 2255/044-28263300) </li></ul><ul><li>The insured has to send a request for ‘Pre Authorization Form’ signed by the Doctor in the Network Hospital </li></ul><ul><li>Based on the intimation a field visit will be done by the Star Doctor </li></ul><ul><li>Pre Authorization will be issued to the Hospital </li></ul><ul><li>Based on the Pre Authorization and the Report by the Star Doctor, Cash Less Treatment will be given by the Network Hospital </li></ul>
  23. 23. <ul><li>In case of Non Network Hospitals </li></ul><ul><li>Immediate intimation to the Call Centre </li></ul><ul><li>(1800 425 2255 /044-28263300) </li></ul><ul><li>Claim form will be sent to the Insured. </li></ul><ul><li>Based on the intimation a field visit will be done by the Star Doctor </li></ul><ul><li>Bills has to be settled by the Insured and will be reimbursed by Star on submitting the following documents </li></ul><ul><li>Original Discharge Summary </li></ul><ul><li>Main Hospital Bill with Break Up </li></ul><ul><li>Investigation Reports with X-Ray Film </li></ul><ul><li>Medical Bills with Prescriptions </li></ul>Claim Procedure (Contd.)
  24. 24. Thank You