INDIA –ManipalCigna Health Insurance has launched the ProHealth Prime’ plan that covers all types of hospitalization expenses, enhancing healthcare coverage and care.
This comprehensive cover plan comes with revolutionary features such Cashless OPD coverage for doctor consultation, prescribed diagnostic tests and pharmacy expenses.
Even more, the insurance plan covers non-medical expenses to ensure there are zero deductions towards non-medical items during hospitalization and many more such enticing benefits.
Prasun Sikdar, managing director and CEO, ManipalCigna Health Insurance said, “We have ensured that our product addresses the core issues which our customers are facing. This time too we conducted a thorough research and identified some of the major issues which the customers are facing and expect solutions from health experts like us.”
For example, in India, out-patient department expenses which includes doctor consultations, lab tests and pharmacy expenses accounts for nearly 62% of healthcare costs, not only that, non-medical expenses amount to around 10% to 12% of the overall hospitalization bills that are paid as out of pocket.
It provides cashless services. Even for OPD expenses, it comes with an industry-first feature Switch Off, which allows customers to turn off the cover while traveling abroad from the second year onwards, for a maximum of 30 days in a policy year.
Most importantly, the plan covers all hospitalization expenses, whether medical or non-medical, to meet the customer’s everyday healthcare needs.
Health insurance is a highly underpenetrated market in India despite the pandemic. More than 50% of the entire population still lives without the security of a health coverage, an article in Times of India pinpoints.
It goes ahead to highlight that among those who are covered, nearly 60% are covered under government sponsored schemes, wherein medical treatments may not be the best.
According to Axis My India’s India Consumer Sentiment Index (CSI), a monthly analysis of consumer perception on a wide range of issues, only 13% of Indians intend to invest in health insurance or life insurance.
The Product also portends good tidings to people who have medical conditions like diabetes, obesity, asthma, high blood pressure, and high cholesterol because it has a specific plan for them.
These customers will not have to wait long because the pre-existing disease waiting period for these listed conditions is only 90 days.
ManipalCigna ProHealth Prime provides a sum insured of up to Rs. 1 crore (US$131,060) with lifetime renewability, allowing customers to get better coverage, better control, and better care without worrying about money.
It is available in three varieties: ‘ManipalCigna ProHealth Prime Protect’ for overall hospitalization expenses; ‘ManipalCigna ProHealth Prime Advantage’ for cashless OPD coverage in addition to hospitalization expenses; and ‘ManipalCigna ProHealth Prime Active’ for people with medical conditions such as diabetes, obesity, asthma, high blood pressure, and high cholesterol.