India-based Magma HDI General Insurance Company, a joint venture (JV) between Magma Fincorp and Germany-based HDI Global, has introduced its health insurance plan, OneHealth.
The new offering would cover significant medical conditions as well as lifestyle diseases such as lasik, bariatric surgery and psychiatric treatments, among others.
Designed as a comprehensive health policy, the One Health offers coverage ranging from INR200,000 ($3075.2) to INR5m ($76881.7) for a period up to three years.
Magma HDI managing director and CEO Rajive Kumaraswami said: “According to studies, with increasing prevalence of lifestyle diseases in India, one out of four Indians is at risk of dying from non-communicable diseases.
“Keeping the need of the customer and the modern lifestyle in focus, this policy is designed to meet the requirements of the customer and his entire family.
“This policy along with covering all major lifestyle diseases will also offer additional benefits like restoration benefit, cumulative bonus and free annual health check up, amongst others.”
The health care plan provides additional covers such as physician assistant (PA) with permanent total disability, 11 critical illnesses, non reducing no claims bonus, annual health check-ups, and value added services (doctor on phone call, e-specialist’s consultation, nutritional counseling on phone, health related offers).
Added benefits under OneHealth includes early joining benefits (plus no mandatory co-pay), green channel benefit, 100% restoration; hospi cash and enhanced daily cash benefit, loss of income benefit, home treatment, companion benefit, OPD cover, convalescence benefit, worldwide emergency cover and air ambulance cover.