NEW DELHI: Aviva Life Insurance, one of India’s prominent life insurance companies, on the occasion of Valentine’s Day, has launched India’s first-ever heart insurance plan for couples – ‘Aviva Heart Care.’ The policy provides coverage against 19 mild, moderate and severe cardiovascular conditions, and procedures and allows lump sum payout irrespective of the cost of treatment.
“Aviva Heart Care – joint coverage for couples — is India’s only health insurance plan dedicated to the heart, which covers both you and your spouse. The product allows the insured to cover himself and the spouse in the same policy at a nominal extra premium. ‘Aviva Heart Care’ also has options to restore policy benefits, once the basic sum assured is exhausted for severe category conditions,” the company said in a press release today.
Anjali Malhotra, Chief Customer, Marketing & Digital Officer, Aviva Life Insurance, said, “For the country that has gained fame as the cardio-vascular ailments capital of the world, India did not have a single heart disease dedicated plan. So we launched Aviva Heart Care. It urges couples to make a commitment to secure their hearts together. People often depend on mediclaim or critical illness plans, but these may not be enough. This plan is the answer to all these problems.”
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Indians are prone to heart ailments due to multiple factors including genetics, unhealthy diet, sedentary lifestyle, stress etc. making it the cardio vascular disease (CVD) capital of the world. Customer research indicated that people are not adequately covered under a mediclaim policy, and also that 78% of hospitalisation expenses are out of pocket.
Key Benefits of Aviva Heart Care plan:
*Comprehensive coverage against 19 cardiovascular conditions
* Benefit paid over & above mediclaim
* Multiple claims allowed basis severity
* Coverage for self & spouse with double the coverage for severe category conditions
* Option to double the coverage for major conditions on exhaustion of initial sum assured
* Couple policy WE comes at an incremental cost basis age, term & sum assured for spouse
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For a 40-year-old male with Rs 10 lakh cover for a 10-year term, the premium is only Rs 4279, if the spouse is 35-year old. The combined premium for both would be Rs 4634, including taxes. i.e. just about 8% more to cover the spouse.
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The minimum entry age for buying the product is 28 years and maximum entry age is 65 years. The policy term is fixed between 10 and 25 years, subject to the maximum maturity age of 75 years. The policy has a maximum sum assured of Rs 50 lakh/life.