Universal Sompo Individual Health Insurance Plan

Universal Sompo Individual Health Insurance Policy provides full protection against any illness or medical emergencies. It is a single policy for you and your family which manages all your medical expenses and ensures quality health and happiness.

Key Features and Coverage of Universal Sompo Individual Health Insurance

  • The policy offers a wide Coverage sum insured up to Rs.5, 00,000.
  •  Individuals above 46 years need to undergo medical check-up prior of buying this policy.
  • This policy is restricted to the hospitals/nursing homes of India only.
  • Any person can take this policy up to an age of 55 years.
  • The premium paid is exempt from Income Tax under Sec 80 D of Income Tax Act (Tax Benefits are subject to change in tax laws).

Add-on-covers

  • This policy can be extended to cover some critical illnesses.

Universal Sompo Individual Health Insurance Policy at a Glance

  • Sum Assured - Maximum sum assured of 5 lac.
  • Age limit - Any person can take this policy up to an age of 55 years.
  • Policy termination - Policyholder is allowed to terminate the policy at any time by giving a 15 day written notice. In case no claim has been made under the policy, percentage of premium will be refunded.
  • Free look period - If you are not satisfied with the policy, you have the option of cancelling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Exclusions in Universal Sompo Individual Health Insurance

  • Contraction of any disease during the first 30 days of commencement of the policy.
  • Waiting period of 1 year from commencement of policy for certain diseases like cataract, hysterectomy, etc.
  • Any illness or disease contracted due to intake of alcohol or other addictive substances will not be covered.
  • Any illness or disease due to war or invasion.

Documents Required to buy Individual Health Insurance by Universal Sompo

An individual has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof. Medical examination may be required in some cases, based on the sum assured and the age of the person.

Written By: PolicyBazaar - Updated: 18 December 2020
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Latest Health Insurance Articles

If I Buy top-up Health Insurance, What Should be my Policy Cover?

If I Buy top-up Health Insurance, What Should be my Policy Cover?

Why do you carry a Stepney or a spare tire in your car? So that you can use this spare tire as a stand-by in case one of the tires gets punctured. Similarly, a top-up health insurance plan acts as a Stepney to your med...
Updated: 20th January 2021
Are Wellness Benefits In Health Insurance Useful?

Are Wellness Benefits In Health Insurance Useful?

The real cost to insurance companies is low. It is not surprising to know that the impact achieved is low too. Let’s talk about this in detail. Last week Rhea called her insurer to inquire about the complementary health check-up benef...
Updated: 15th January 2021
10 Reasons why buying a Health Insurance in your 20s a Good Idea

10 Reasons why buying a Health Insurance in your 20s a Good Idea

In India, for a young person in his early 20s, availing a health insurance policy is imperative due to increasing health risks from a sedentary lifestyle. After COVID outbreak, the popularity and need of a health cover h...
Updated: 15th January 2021
High or Low Deductible Health Insurance - Which one to Opt for?

High or Low Deductible Health Insurance - Which one to Opt for?

There are so many health insurance plan options available that it gets difficult to understand all of them and their features. When you are purchasing a health insurance policy you might actually want to do some planning ...
Updated: 4th January 2021
Exploring Manipal Cigna Health Insurance and Claim Settlement

Exploring Manipal Cigna Health Insurance and Claim Settlement

As residents of a developing nation, we are exposed to the risk of contracting various illnesses. Despite thorough maintaining an active lifestyle, we are prone to various illnesses. A lot of factors such as pollution and f...
Updated: 4th January 2021
 
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL