Niva Bupa Money Saver Health Insurance Plan
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Niva Bupa Money Saver Plan

This health insurance plan combines two separate health plans: Niva Bu ...Read More

Up to 1 Cr
Sum insured
1
No. of plans
320+
Pan India presence
98%
Claim settlement ratio
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🛡️ IRDAI Approved
⭐ 4.4/5 · 2,740 reviews
🏥 10,000+ hospitals
📊 3.03 solvency ratio
✅ 98% claim settlement

About Niva Bupa Money Saver Plan

A quick read on what this Niva Bupa Health Insurance plan covers and why it might be a fit for you.

Niva Bupa Money Saver health insurance plan combines two separate health plans: Niva Bupa Health Companion and Niva Bupa Health Recharge. It is available in two categories: individual plan and family floater plan. The Money Saver plan is designed to provide maximum benefits of two plans combined at affordable premiums.

How are the premiums lower for the Money Saver health plan compared to buying the Health Recharge plan and Health Companion plan separately? Let’s understand this with an example:

Suppose a 25-year-old individual, Prashant, has bought a Niva Bupa Money Saver plan with a sum insured of INR 30 Lakhs. The Health Companion provides INR 5 Lakhs, and the Health Recharge plan provides INR 25 Lakhs. For Prashant, living in a city (excluding Delhi (NCR), Surat, Kolkata, Mumbai, Thane, Jaipur, Ludhiana, and Pune), the estimated premium amount will be approximately INR 620/month. He will have to bear INR 5 Lakhs as a deductible as per the Health Recharge plan, managed through the coverage of the Health Companion plan.

Plan at a glance

Eligibility, sum insured options and policy mechanics — pulled straight from the policy wording.

Entry age
Minimum- 3 Months Maximum- 65 Years
Plan type
Individual and Family Health Insurance
Waiting period
30 days
Renewability
NA
Policy term
1 Year

*Initial Waiting Period is the time period between the issuance of the policy and the time it starts actively. During this period, a policyholder has to wait to avail of the benefits offered under a health insurance plan.

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • All daycare procedures covered
  • Every claim-free year adds up to 20% of the base sum insured as a bonus
  • Accumulated bonus doesn't reduce even after a claim

Cons

  • Oral or dental treatment not covered
  • Cure and rehabilitation not covered
  • Incidental diagnostic procedures not covered

What's covered

Every CMS-driven coverage flag from the plan wording — only items with a published value render below.

Hospitalization

  • Room rent Covered
  • ICU charges Covered
  • Pre-hospitalization Covered
  • Post-hospitalization Covered
  • Domiciliary hospitalization Covered
  • Day-care treatment Covered
  • OPD charges Covered
  • Covid-19 treatment Covered
  • Cataract Not covered

Bonuses & restoration

  • No-claim bonus Covered
  • Automatic restoration of SI Not covered
  • Daily hospital cash Covered

Family & special care

  • Maternity cover Not covered
  • New-born baby cover Not covered
  • IVF treatment Not covered
  • AYUSH treatment Covered
  • Organ donor expenses Covered

Modern & preventive care

  • Modern treatment Covered
  • Road ambulance Covered
  • Air ambulance Covered
  • E-consultation Covered
  • Health check-up Covered
  • Second medical opinion Not covered
  • Vaccination Not covered

Conditions & global

  • Co-payment Not covered
  • Sub-limits Not covered
  • Compassionate travel Not covered
  • Global coverage Not covered

Waiting periods for specific conditions under the Niva Bupa Money Saver plan

Read below the waiting period for other medical conditions with the Money Saver insurance policy:

  • Waiting period for pre-existing diseases - 36 months
  • Specific waiting period for listed illnesses (except cancer-related conditions) - 24 months
  • Conditions related to cancer - Covered after a 30-day initial waiting period
  • Accidental conditions - Covered from day 1

Note: Waiting periods do not apply to e-consultation, personal accident cover, and critical illness cover. Refer to policy documents for more details on exclusions, terms, and conditions.

Niva Bupa Health Insurance Network Hospital List

Niva Bupa Health Insurance Network Hospitals are present in 31 states nationwide. With a wide network of hospitals, Niva Bupa Health Insurance ensures that you are medically secured, irrespective of the city you reside in.

Delhi Mumbai Bengaluru Chennai Kolkata Hyderabad Pune Ahmedabad Jaipur Lucknow

Know More About Network Hospitals →

Inclusions & exclusions

What the plan pays for, and what it doesn't.

Inclusions

  • Additionally, the Niva Bupa Money Saver health plan provides extended coverage from both supporting plans, as specified below:

Exclusions

  • The Money Saver policy of Niva Bupa Health Insurance does not cover the following conditions:
  • Artificial life support
  • Subsidiary/ancillary hospital charges
  • Risky or life-threatening activities/sports/adventure
  • Behavioral, neurodevelopmental, and neurodegenerative disorders
  • Conditions of disaster and conflict
  • External/congenital anomaly
  • Cure and rehabilitation
  • Cosmetic/beautification/facial surgery
  • Oral or dental treatment
  • Optical correction and eyesight complications
  • Experimental/unproven/undistinguished treatment
  • Incidental diagnostic procedures
  • Non-medical expenses
  • Obesity and weight management treatment
  • Alcoholism/drug abuse
  • Menopause and puberty-related health conditions
  • Fertility and maternity treatment expenses
  • Robotic-assisted surgery, LASER, and light-based treatment
  • STDs and similar infections

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

  • Minimum-: 3 Months Maximum- 65 Years

Niva Bupa Money Saver Plan: FAQs

The 5 most-asked questions about Niva Bupa Money Saver Plan, answered.

Niva Bupa Money Saver health plan is a comprehensive policy that is suitable for an individual policyholder as well as a family.
The maximum coverage for the base sum insured of the Niva Bupa Money Saver plan is INR 1 Crore.
Yes, you can avail of a lifelong renewability benefit which allows you to keep renewing this policy for as long as you want to.
The Money Saver health policy consists of these two health plans- Health Companion and Health Recharge to provide maximum benefits at an affordable premium rate without losing on comprehensivity of the medical coverage benefits.
No. The plan does not cover the costs of such treatment.

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Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

Written by Naval Goel — Founder & CEO, PolicyX.com Reviewed by Manoj Kumar — IRDAI-certified Health Insurance Specialist
Last updated: 5 Jul 2024 · Originally published: 10 Oct 2024

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