PPT_Xoriant_Parental Policy Updated.pptx

parental policy

1. Voluntary Health Insurance for Parents – 2022 - 2023

2. Do our Parents really need a HEALTH INSURANCE ? As our parents grow older, their immune system weakens and their metabolism rate lowers, there is a high risk of diseases and illness, to ensure that they get quality treatment, health insurance policies should be bought. It will reduce mental strain related to a financial burden. Paying a small amount of money out of your income will ensure the quality care of your parents. As children, our parents saved and went without to ensure we had the best of everything in life. Now, as adults, making sure they spend their twilight years in comfort is a way we can give back for all their sacrifice and hard work. While ensuring they want for nothing materially is one way of showing our appreciation for all our parents did for us, there are a number of other ways too. The Sooner, The Better

3. Dependent parents, being old face a lot of health-related issues and need frequent medical attention. If there are no existing health ailments, your parents are exposed to high health risks due to their advanced age. Prevention and minimization of unforeseen financial losses Access to quality health care Provides financial stability to the insured Contributes to a stress-free life Helps in saving tax Importance Of Health Insurance For Your Parents

4. Minimum of 24 hours hospitalization is required for a claim to be admissible. However, this time limit will not apply for specific treatments which are mentioned in the Day Care list attached. The expenses are payable provided they are incurred in India and within the policy period. Expenses will be reimbursed to the covered member depending on the level of cover that he/she is entitled to. What can lead to a Claim ?

5. Benefits of Corporate Mediclaim Insurance Voluntary Parental Medical Parents Policy offers you the opportunity to cover your parents & in laws with coverages, unique from retail plans by paying a nominal premium.

6. Parameters Details Insurance Company Oriental Insurance Company Limited Third Party Administrator (TPA) Paramount Health Services & Insurance TPA Pvt Limited Policy Start Date 1 st February 2022 Policy End Date 31 st January 2023 Coverage Type Individual & Floater Cover Members Covered 2 Parents & Parent-in-Laws Sum Insured (As opted by Employee) INR 3 Lacs, INR 4 Lacs, INR 5 Lacs, INR 7 Lacs & INR 10 Lacs Voluntary Parents Policy Details

7. Parameters Policy Term Pre Existing Diseases Covered from Day One 1st/2nd/3rd/4th year Exclusions Waived Off 30 days waiting period Waived Off Pre and post hospitalization expenses Covered for 30 and 60 days respectively Room Rent Restrictions 1.5% of Sum Insured for Normal Room & 3% of Sum Insured for ICU If insured is admitted in a higher category, allied associate charges shall be linked to room rent tariff and proportionate deduction shall be applied. Day Care Procedures Covered as per Insurer List Emergency Ambulance Charges Covered upto INR 3,500 for Normal Ambulance & INR 5,000 for Cardiac Ambulance per claim Cyber knife treatment/Robotic surgery/Bio-absorbable stent/FAMETO laser surgery/ Toric lens/KT laser prostate Covered with 50% Co-pay Lasik Treatment for Eyes Covered if power of eye is above +/- 7.5 Oral & Adjuvant Chemotherapy Covered as per policy Terms Coverage for Hospitalization due to Terrorism Yes Co-payment (As opted by employee) Option 1 – 20% Copay Option 2 – NIL Copay Claim Intimation Within 07 days from Date of Discharge Reimbursement Claim Submission Within 30 days from Date of Discharge Voluntary Parents Policy Benefits

8. Premium Chart With 20% Co- Pay Plan ( Premium includes GST @ 18% ) Sum Insured Single Parent ( Individual Cover ) Double Parent (Floater Cover ) 300000 17520 28030 400000 23351 37372 500000 29197 46715 700000 40870 65401 1000000 58390 93430 Without Co- Pay Plan ( Premium includes GST @ 18% ) Sum Insured Single Parent ( Individual Cover ) Double Parent (Floater Cover ) 300000 23322 37315 400000 31095 49767 500000 38870 62191 700000 54417 87096 1000000 77738 124418

9. There are 2 Options available under Parents Policy i.e. Option 1 – Without co-pay Option 2 – With 20% co-pay on all admissible claims Sum Insured available are INR 3 Lacs, INR 4 Lacs, INR 5 Lacs, INR 7 Lacs & INR 10 Lacs. Cover shall be on individual for single member or floater basis for double members. For non-surviving member, employee need to provide Death Certificate. There shall be no cashless benefit during enrollment window period. Enrollment window period for existing employees shall be open till ______2022. Post this date, no enrollment request for existing employees shall be entertained. Member shall be deleted post employee leaves Xoriant and pro-rata premium refund shall be processed subject to no claim under policy. There is requirement of minimum 30% participation for this policy and hence, in absence of the same policy shall not be in force. Existing members who do not confirm their participation during window period, their parental member data shall not be carried forward for current Policy. Enrollment Guidelines