Oriental Insurance Happy Family Floater Policy Gold vs Niva Bupa (Max Bupa) HeartBeat Platinum

With a co-payment clause, the insurer will mandate that you pay a part of the bill. So if the bill adds up to Rs. 2,00,000 and the co-payment is set at 20% then you could be asked to pay Rs. 40,000 from the bill. In this case, however, Happy Family Floater Policy Gold doesn’t impose a co-payment clause. And neither does HeartBeat Platinum.

If the policy does impose room rent restrictions then the insurer may only let you stay in a room of a certain specification or impose a cap on the total room rent. If you were to breach either criterion then the insurance company may ask you to pay a portion of all the expenses you incurred while staying in the room. In this case, however, Happy Family Floater Policy Gold only lets you stay in a room whose rent doesn’t exceed 1% of the total sum insured but you can pick any room you want with HeartBeat Platinum.

Some policies will tell you that they will cover all medical expenses up until the sum insured, but then impose caps on the total costs you can incur while dealing with a very specific list of diseases. We call these caps “Disease Wise Sub Limits.” In this case, neither Happy Family Floater Policy Gold imposes disease-wise sub-limits nor does HeartBeat Platinum

If you’re suffering from a lifestyle condition or if you’ve had surgery in the past, or if you’re dealing with an acute or chronic illness at the time of buying the policy, then the insurer may classify this as a pre-existing disease. And they may tell you that they will only cover these illnesses after some time. In this case, Happy Family Floater Policy Gold imposes a waiting period of 4 years on pre-existing diseases while HeartBeat Platinum extends a waiting period of 2 years on existing conditions.

Most people aren’t hospitalized right off the bat. Instead, they’ll have to go through a whole series of diagnostic tests before hospitalization and take medication post-discharge. These costs are outlined as pre-hospitalization expenses and post-hospitalization expenses respectively. In this case, Happy Family Floater Policy Gold covers expenses incurred 30 days before hospitalization and expenses incurred 60 days post-hospitalization. Meanwhile, HeartBeat Platinum covers expenses incurred 60 days before hospitalization and expenses incurred 90 after hospitalization, although there may be different sub-limits

Some policies will tell you that they will incentivize you for not making a claim in any given year. And they offer such incentives by offering extra cover on top of the existing sum insured. This extra cover is categorized as a no-claim bonus. In this case, however, Happy Family Floater Policy Gold doesn’t offer a no-claim bonus whereas HeartBeat Platinum offers a no-claim bonus.

Imagine you are forced to treat yourself at home because you don’t find a hospital bed, or you have a chronic condition that prevents you from visiting one, then, insurers may choose to cover your treatment even if you’re hospitalized at home. And such costs are collectively categorized as domiciliary treatment costs. In this case, however, Happy Family Floater Policy Gold offers domiciliary cover. And HeartBeat Platinum also coves domiciliary expenses.

Most policies only cover treatments administered in a registered medical facility. However, on some occasions, you may want to pursue alternative treatments including homoeopathy, Ayurveda, Unani and Siddha. These treatments are collectively categorized as Ayush treatments. And in this case, Happy Family Floater Policy Gold covers Ayush procedures and HeartBeat Platinum also extends coverage for Ayush treatments.

If you’re hospitalized during childbirth, then you may have to incur significant costs during delivery of your newborn, child care and other related matters during the course of the hospitalization. These costs are collectively termed maternity costs. And in this case, however, Happy Family Floater Policy Gold doesn’t offer protection for maternity-related hospitalizations whereas HeartBeat Platinum offers maternity cover.

Doctor visits and regular consultations aren’t usually covered by health insurance policies. They are categorized as Outpatient consultations (or OPD treatments) and patients have to bear the cost on their own. In this case, however, Happy Family Floater Policy Gold doesn’t offer OPD protection whereas HeartBeat Platinum offers OPD cover.