Home >Insurance >News >Kuvera introduces group health insurance for its users
Kuvera has launched the health plan with Bharti Axa as the provider (Photo: PTI)
Kuvera has launched the health plan with Bharti Axa as the provider (Photo: PTI)

Kuvera introduces group health insurance for its users

A basket of three group health insurance policies with Kuvera as the master policyholder and Bharti AXA as the insurer.

Kuvera, an online investment platform has added group health insurance for users of its portal. Existing users can now choose to enroll into one or more of three group health insurance policies. This is in a test phase on the company's website and is available on a standalone basis for a closed loop of customers in its first phase and will be made open to all its users soon. Users can choose to enroll as members into three group health insurance policies in various configurations starting from a single adult to a couple with up to two kids and build a family-oriented health cover.

Here are the key features of the plan:

It follows a group health insurance policy structure where Kuvera is the master policyholder and Bharti AXA is the underwriter (insurer).

Users can choose any of the three group insurance solutions as per their requirement. "If a user is only interested in opting for 'Daily cash allowance' benefit, s/he is free to add it. Even the base cover is not mandatory." says Gaurav Rastogi, CEO, Kuvera.in .

The three group health insurance solutions are as below:

1) Group Health Assure: This is a base cover that provides cashless protection in case of medical emergencies.

2) Super Top Up: An add-on cover. It kicks in after the base cover limit is exceeded.

3) Daily Cash Allowance: An add-on fixed benefit solution. It provides you a daily cash allowance for each day of hospitalization. Hence, it helps to take care of expenses occurring outside the base policy.

An individual and the family members who are below 65 years of age and resident in India can be covered. There is no room rent capping.

There is no capping on any specific treatment. Everything is up to sum insured.

There is no co-payment clause. You don’t have to shell anything on any treatment. Absolutely zero cost sharing.

30-day settlement guarantee: Get 2% above bank rate till the claim is settled for the period more than 30 days.

Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy will be covered up to full sum insured.

Get your pre-existing and specific illness covered within two years.

Get up to 10,000 a day to cover out of pocket expenses during hospitalisation.

Kuvera users will get access to the entire network of hospitals empanelled with Bharti Axa for cashless claim settlement. Bharti Axa has over5,600 hospitals under its network.

The plan covers Covid 19 after 30 days of policy issuance.

Premium paid towards the plan is eligible for income tax deduction under Section 80D.

(Pls note that the story has been changed as requested by Kuvera due to some regulatory issued faced by them. Kuvera has apologised for sharing the brief far ahead of receiving approvals.)

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