Arttimez, October 2024 : ManipalCigna Health Insurance has introduced a new range of health insurance products tailored for the middle class. Named ManipalCigna Sarvah, these offerings are aimed at providing comprehensive health coverage at an affordable price, catering to a wider customer base, with a particular emphasis on India’s missing middle population. Sarvah schemes aims to offer complete health insurance protection to shield individuals and families from unforeseen high healthcare costs, thereby preventing households from facing financial crises.
India continues to battle the triple disease burden of communicable, non-communicable and lifestyle diseases. According to ‘Health Insurance for India’s Missing Middle’ report by NITI Aayog, at least 30% of the population, or 35-40 crore individuals falling in the segment of ‘The Missing Middle’ are devoid of any financial protection for health. Thus, to deepen health insurance penetration across the country and to cater to various customer segments, including the missing middle, ManipalCigna has launched ‘Sarvah’ to provide complete health insurance protection to safeguard against unpredictable high health expenditures, which can save households getting pushed into poverty.
ManipalCigna Sarvah comes with three distinct variants
ManipalCigna Sarvah PRATHAM: Customers can enjoy comprehensive hospitalization coverage up to Rs.3 Cr. for cancer, heart, stroke, and major organ/bone marrow transplants. Customers also have the optional cover to start their coverage from day 31 for pre-existing conditions such as Diabetes, Hypertension, Dyslipedaemia, Asthma and Obesity without the usual 36-month waiting period.
ManipalCigna Sarvah UTTAM: This plan provides comprehensive and customizable coverage with several optional coverages along with an option to avail cover from 31st day named ‘Sarathi’ for the pre-existing conditions such as Asthma, Diabetes, Hypertension, Obesity and Dyslipidaemia. Anant Benefit provides unlimited coverage for hospitalization arising due to cancer, heart, stroke and major organ/bone marrow transplants, available with a base Sum Insured of Rs 10 Lacs and above.
ManipalCigna Sarvah PARAM: With Sarvah Param, customers are covered for pre-existing conditions and for specific illnesses from day one—no waiting period required.This plan also offers Gullak – accumulating your bonus at the end of each year, guaranteed, with 100% increase in the sum insured annually, up to a maximum of 1000% (10 times of the base sum insured), irrespective of claims.
Mr. Prasun Sikdar, Managing Director and CEO, ManipalCigna Health Insurance, commented on the launch, “At ManipalCigna, our commitment goes beyond just offering health insurance- it’s about innovating solutions that bridge the critical gaps in healthcare access and affordability, especially for Bharat’s missing middle. With the launch of ‘ManipalCigna Sarvah,’ we are introducing a complete health insurance solution that not only caters to diverse customer segments but also strategically addresses the affordability and accessibility challenges faced by India’s missing middle along with driving the Government and the Regulator’s vision of ‘Insurance for All by 2047’.”
