Page 12 - The Insurance Times January 2022

Health Insurance

News

Digit reduces health insur- otherwise be rejected in case any of for individuals where yearly premiums
the information is concealed at the range from Rs. 63 to Rs. 1,084. There
ance waiting period for
time of issuing the policy. are 3 family floater plans as well, with
specific illnesses a premium range of Rs. 1,146 to Rs.
Digit Insurance announced that it will Bajaj Allianz General In- 2,348. The insured members can also
start offering one of the industry's low- surance offers 'Health avail of a free preventive healthcare
est waiting periods - of one year - for checkup once every year from a range
pre-existing diseases and specific ill- Prime' wellness rider of 45+ test parameters, which include

nesses. According to the press release, Underlining the importance of preven- Hemogram and ESR, Liver function,
"Specific illnesses typically have a wait- tive healthcare and regular medical Urine routine and more.
ing period of two years, while pre-ex- screening for a healthy life, Bajaj
isting diseases may have a waiting pe- Allianz General Insurance recently Plum partners with
riod of up to four years. The offering is launched a wellness rider, namely Razorpay Rize to offer
aimed at ensuring that more people Health Prime, which offers cashless
can make a claim for hospitalization benefits and 4 main healthcare covers. health benefits
related to pre-existing illnesses or con- Employee health insurance startup
This includes telephone (telecon-
ditions and specific illnesses instead of sultation) and doctor/in-person consul- Plum has partnered with Razorpay
waiting for longer periods of up to four tation, along with investigation cover Rize to offer exclusive group health
years." benefits to early-stage startups. Plum
(pathology/ radiology services)and an-
aims to cover over 1,00,000 new busi-
Most common specific illnesses like nual preventive health check-ups cover.
nesses and entrepreneurs. This part-
arthritis, gastric and duodenal ero- The extensive medical network where
nership fructifies Plum's vision to help
sions/ulcers, cirrhosis of liver, fibroids, these services can be availed includes startups create a culture of 'health in-
ovarian cyst, haemorrhoids, fissures, 2,500 lab chains, 90,000 doctors across
surance and employee wellbeing from
etc, which typically have a waiting 35+ specialities. day-one', the company said.
period of two years, will now be cov- Notably, the rider is available only for "Razorpay Rize is envisioned to pro-
ered after a waiting period of one year. existing Bajaj Allianz policyholders who mote entrepreneurship in India and

As previously prevalent, the insurer, hold health insurance and personal help first-time entrepreneurs during
however, may ask for a medical test on accident policies, given that it is not a the early days of setting up and grow-
a case-to-case basis before issuing a standalone product and only an addi- ing a business. Through this associa-
policy. Also, the policyholder will need tion to the base policy. Accordingly, the tion, Plum aims to take an industry-first
to declare all pre-existing diseases, entry age for the rider will be deter- approach of helping startups with un-
conditions, and symptoms at the time mined per the base policy opted by the der 10 employees get insured and pro-
of buying the policy as the claim may insurer. The rider also offers 6 plans vide them with best-in-class health

12 The Insurance Times, January 2022