ROP (Return of Premium) health insurance is a new plan in which the entire premium of the first year is returned if there is no claim for 5 years. It includes many benefits like doubling the insurance cover, increasing by 100% every year, and pre-existing disease cover in 31 days. Let us know which insurance company is offering this insurance plan.
Return of Premium Health Insurance Plan: In today’s busy life, diseases have become an unwanted part of the human body. This is the reason why the importance of health insurance is constantly increasing to cover medical expenses. However, many people shy away from taking a health insurance policy due to the expensive premium. The good news for them is that now Return of Premium (ROP) Health Insurance Plan has also come. It not only gives you better coverage but also financial benefits if you stay healthy.
What is ROP health insurance?
ROP (Return of Premium) health insurance is a policy in which if you do not make any claim for 5 consecutive years, then you get the entire premium of the first year back. This policy also offers many other benefits, which make it an excellent option for long-term health cover.
How does this plan work?
According to Policybazaar, ROP health insurance plan includes many attractive features.
Money back benefit: If you do not make any claim for 5 years, then your entire premium of the first year is returned.
Loyalty boost: If you remain claim-free for 7 consecutive years, your insurance cover doubles.
Infinity boost: Policyholders get the benefit of increasing the insurance cover up to 100% every year, whether they make a claim or not.
Instant cover benefit: Diseases like diabetes, high blood pressure, asthma are covered after just 31 days.
Unlimited care benefit: If there is a need for hospitalization, then there is no limit on the sum insured. Meaning that whatever expenses are incurred, the policy will cover it.
Optional add-on: If you want, you can also add features like maternity cover, OPD cover, cancer insurance, premium freeze, tenure multiplier and unlimited recharge booster.
Why is this plan so special?
Siddharth Singal, Head of Health Insurance, Policybazaar says, “This new ROP health plan from CARE Health Insurance is a game changer. It not only provides money back benefits, but long-term policyholders also get great features like 100% insurance cover boost. Also, due to infinity boost, the coverage keeps increasing every year, whether a claim is made or not.”
Will other companies also bring such plans?
At present, it is available only through CARE Health Insurance. But the way the demand for more rewarding and flexible plans is increasing in health insurance, other companies can also bring such offers in the coming time.
