Silver Health Policy

Silver Health Policy

Karur Vysya Bank has entered into an arrangement with Bajaj Allianz General Insurance offers a policy suited for Senior Citizens to manage expensive healthcare costs when they need it the most. This insurance plan helps Senior Citizens save their hard-earned money by covering medical expenses incurred during a period of hospitalization.

Features
  • Pre-existing diseases will be covered from the second year of the policy.
  • A flat benefit of 3% of admissible hospitalization expenses are paid towards pre-hospitalization and post-hospitalization expenses.
  • The policyholder has access to cashless facilities at over 2400 hospitals across India (subject to exclusions and conditions).
  • For admission in non-network hospitals, the expenses incurred by the policyholder will be reimbursed within 14 days from the submission of all documents.
  • 20% of co-payment of the admissible claim is to be paid by the member if treatment is taken in a hospital other than a network hospital.
  • A waiver of the co-payment is available on payment of additional premium.
Benefits
  • Cumulative bonus of 5% added to your sum assured for every claim-free year.
  • Health checkup at the end of four continuous claim-free years.
  • A family discount of 5% is applicable.
  • Income Tax benefit on the premium paid as per section 80-D of the Income Tax Act as per existing IT law.
Coverage
  • Policy can be taken from 46 -70yrs *
  • Renewal up to 75 yrs*
  • The Sum Insured can be from Rs. 50,000 to Rs. 5,00,000