Post Updated on 31.03.2017
Max Bupa health insurance has a unique one of its kind product called Max Bupa Family First. Its uniqueness is in its feature of provision for covering 19 relationships of a family in a single plan. Max Bupa family first comes in 2 variants – Max Bupa heart beat and Max Bupa health companion.Relationships can be parents,
Actually Heart beat and Health companion are 2 main products of Max Bupa health insurance, it just to make it suit to different requirement, both of their features are added into Max Bupa family first structure.
Let’s understand Max Bupa family first in detail with comparative analysis of its both variant under Max Bupa heart beat and Max Bupa Health companion.
Max Bupa family first – in brief
Basically, this is an extended version of Max Bupa health insurance family floater policy. In a family floater policies generally, the maximum of 2 adults with the maximum of 2 kids (some policies cover 3 kids also) are covered but in Max Bupa family first you can get 19 relationships covered under a single plan.
Max Bupa family First – List of Relationships that can be covered
As compared to floater plans in Max Bupa family first there are 2 types of covers, one is individual which is available to every member separately and other is floater which anyone of the member can use after exhausting his own individual cover.
This is where Max Bupa Health Insurance is pitching its USP but as a buyer, this should not be the only feature your decision be based upon. There are many other features which demand your attention
Max Bupa Family first – basic features
Max Bupa family first features vary with product variants – Max Bupa Heartbeat and Max Bupa Health companion. When Max bupa health insurance was launched in India, it came up with only heart beat version, but later on looking at the Indian requirements and also to provide economical version of health insurance and remain competitive in its pricing, Max bupa Health companion was announced, and also added health companion features in family first too.
Below table will give you a comparative analysis and also understanding of basic features of Max Bupa family first – Heart beat and Max Bupa Family first health companion.
Besides above, Max Bupa family first heart beat version has one more variant as Platinum, which has a kind of premium features like High sum assured, OPD cover, additional child care benefits, International treatment of specific illnesses.
These are high end features, so if you are looking for a policy with basic cover and affordable premium, then better not get into platinum features. Else you may go through the policy brochure (Click here to download).
Max Bupa Family First – Should you Buy?
As I wrote above that Family first is a product structure where one can cover up to 19 relationships, whereas the features are of heartbeat and health companion only. So if you want to buy respective products on individual or family floater basis then you will find the same features there. However, the benefits may vary depending on the sum assured.
The main attractive and different feature in Max Bupa health insurance policies is that it does not reduce the “No claim bonus” based on future claim. Which means that once No claim bonus is added into your policy, then your policy coverage would not be reduced.
The other good feature that is available in the Max Bupa Heart beat version is that it does not have specific waiting periods, means you are fully covered after the initial waiting period of 30 days. This is one of the main reasons of high premium of heart beat plan.
I just feel only one issue with Max Bupa family first, which is that when you add members from all age brackets into a single plan, then sometimes your overall premium outgo gets increased, as the premium is calculated on the basis of higher age person. But on the other side since the floater cover is the common cover among all, so it should reduce the overall premium. Thus one should compare the premiums in different permutations and combinations
But on the other side since the floater cover is the common cover among all, so it should reduce the overall premium. Thus one should compare the premiums in different permutations and combinations.
Also, there is different zone variations too in health companion product, which one should be aware of while buying the policy…and i am sure that zone conditions would be applicable in Family first too.
Overall I find Max Bupa health insurance is a good company to buy health insurance from. One should be aware of the product features to the T to buy a suitable product.