Aditya Birla Health Insurance announced the launch of Activ One, an insurance plan that will enable policyholders to earn back their premium up to 100%.
The product offers chronic care cover which provides Day 1 cover to people with several chronic conditions such as asthma, high blood pressure, high cholesterol, diabetes, chronic obstructive pulmonary disease, obesity and coronary artery disease.
The key features of the product include 100% Health Returns, unlimited refill up to base sum insured during a policy year, increase in sum insured by up to six times by the sixth year of the policy, no caps on room rent, intensive care unit (ICU) charges, etc., and coverage for all listed non-medical expenses related to hospitalisation.
It also features a Health Returns, enabling policyholders to earn back their premium with up to %100 return, accrued on the basis of Healthy Heart Score, the fitness assessment result, and the number of ‘Active Dayz’ recorded on a monthly basis.
Funds earned on Health Returns can be used for payment of renewal premium and other non-medical expenses, out-patient expenses, etc.