Mr. Sharma, a 35-year-old married businessman from Delhi buys an Optima Secure policy of 10 lakhs base cover for his family. He pays a premium of INR 24,279▲ for it.
A new age term plan feature
Get protected with a sum assured of Rs.50,000 which will be paid to the nominee in case of death during the policy term*
Secure Benefit instantly makes his 10 lakhs base cover to 20 lakhs, at no extra cost.
So, When Mr Sharma renews the plan, Plus Benefit increases his base cover of 10 lakhs by 50% after the 1st Policy year and by 100% after the 2nd Policy year,making it 15 lakhs and 20 lakhs respectively. Plus Benefit and Secure Benefit together take the total coverage to 30 lakhs.
Any time Mr. Sharma claims partial or total 10 lakhs base cover, it gets 100% restored, making it 30+10 = 40 lakhs.
During hospitalisation, his non-medical expenses that add up to 10-20% of the total bill amount also get covered by Protect Benefit.
By opting to pay the first INR 25,000 of claim in a policy year, Mr Sharma gets a discount of 25% on his premium, bringing it down to INR 18,210/-
With 10 lakhs base cover eventually becoming 40 lakhs, Mr. Sharma gets 4X coverage after 2 years!
With all of these, Mr Sharma gets access to network of 13,000+ cashless network healthcare providers**.
