Can a child stay on the floater after age 25?

A child who has completed 26 years at renewal must move to a separate policy. Waiting-period credit passes to that policy.

Is there a deductible option on this variant?

Yes. An annual aggregate deductible from ₹10,000 to ₹10 lakh is available. The deductible does not apply to health checks, animal bite or hospital cash.

How much do I save on a 3-year policy?

7.5% off the second-year premium and 15% off the third-year premium. The discounts do not apply to monthly, quarterly or half-yearly payments.

Does the refill apply to a different illness after the base cover is used up?

Yes. The refill applies to the same or a different illness, once a policy year, after the first paid claim.

Does a claim reduce the no-claim bonus?

No. A claim does not reduce it. The bonus keeps growing by 20% of the base sum insured each claim-free year, up to 100%.

After how long is a pre-existing disease covered?

After 36 months of continuous cover.

Can I claim the health check-up as a reimbursement?

No. It is available only on a cashless basis and must be booked through the app or website.

OneAssure

Health Insurance

Niva Bupa

Health Companion Variant 2

Niva Bupa Health Companion Variant 2

Add 20% of the base sum insured each claim-free year up to 100%, refill the base sum insured once for a different illness, and get animal-bite vaccination up to ₹5,000 with an annual health check-up.

92.02%

Claim Settlement Ratio

10,000+

Network Hospitals

6.5/10

Plan Rating

Policy Brochure

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Our Verdict

Expert Review: Niva Bupa Health Companion Variant 2

Final Verdict

Health Companion Variant 2 suits families who want a hospitalisation floater with refill, a growing no-claim bonus and term discounts for multi-year cover.The 36-month PED wait and the lack of maternity and OPD cover apply. Confirm Variant 2’s sum insured and room terms with Niva Bupa on 1860-500-8888, since the prospectus does not separate them.

About

What Is Health Companion Variant 2?

Niva Bupa Health Companion Variant 2 is a comprehensive health insurance plan offering sum insured options from ₹5 lakh to ₹15 lakh. It covers hospitalization expenses, pre- and post-hospitalization costs, daycare treatments, domiciliary hospitalization, and alternative treatments under AYUSH. The plan includes a No Claim Bonus, enhancing coverage for every claim-free year. It also offers unlimited automatic recharge of the sum insured, ensuring continuous coverage. Additional benefits include organ donor expenses, ambulance cover, and tax benefits under Section 80D.

Variant 2 Ratings

Variant 2

Insurer Rating

7.1

out of 10

Insurance Rating

6.5

out of 10

No Room Rent Limit

Yes

Consumables Covered

No

No Co-payment

Yes

Loyalty Bonus >= 500%

Yes

No Disease Sublimits

Yes

Unlimited Restoration

No

Additional Benefits (Informational Only — Not part of score)

PED Waiting <= 2 Years

No

Maternity Available

No

Waiting Period Waiver

No

Testimonials

Real People. Real Relief

These are the moments that show what we really do. We don't sell you a policy. We stand by you when it matters most.

I want to sincerely thank Sunad for being there for me throughout the entire claim process. He helped me through so many ups and downs, always patient and ready to support when things got tough. I honestly don’t know how I would have managed without his guidance and encouragement. Sunad made a difficult situation feel a lot less stressful, and I’m truly grateful for his kindness and steadfast help.

Prashant Pandey

Mumbai, Maharashtra

Had a great experience with them during a difficult time. After my mother’s accident, we had to pay the hospital bill upfront, as cashless wasn’t available. They guided us through the reimbursement process, helped file the claim, and consistently followed up with the insurer until it was settled. Their support with the post-hospitalization claim was equally prompt and thorough.

Jatin Gala

Mumbai, Maharashtra

My heartfelt thanks to the OneAssure team for making my insurance claim process effortless. Right from the very first interaction, they demonstrated professionalism, clear communication, and an impressive command of the procedures involved. Their swift updates, timely guidance, and persistent follow-through removed all the stress from what could have been a complicated experience.

Anju Renjith

Bengaluru, Karnataka

I am truly grateful for the support and guidance I received in settling my insurance claim. The entire process was handled with great professionalism, clarity, and efficiency. Their prompt response, deep knowledge of the procedures, and consistent follow-ups ensured a smooth and hassle-free experience.Thank you once again for your invaluable help, highly recommended!

Yogesh Meena

Jaipur, Rajasthan

I recently had the pleasure of purchasing health insurance for my parents through this company, and my experience has been exceptional...The team was incredibly patient and took the time to explain every detail to me. No matter how many times I asked questions, they were always calm and thorough in their explanations. Their professionalism and dedication made a significant difference in helping me make an informed decision.

Akash Kumar

West Bengal

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Inclusions and Exclusions

Niva Bupa Health Companion Variant 2 Inclusions and Exclusions

Room Rent

Normal Room: No limit (any single private room covered)
ICU Charges: Fully covered (as per actual hospitalization expenses)

Co-payment

No mandatory co-payment for most policyholders. However, for individuals aged 65 years and above at the time of entry, a co-payment of 20% applies to each claim.

Cashless Healthcare Providers

10,000+ network hospitals.

Daycare Treatment

Covered under the policy.

AYUSH Treatment

Covered under this policy

Advanced Treatments

Robotic Surgery Therapy
Bariatric Surgery
Oral Chemotherapy
Proton Beam Therapy
Deep Brain Stimulation
Implantable Devices

Modern Treatment

Covered up to the sum insured

ICU Charges

Covered up to the sum insured as part of in-patient care

Cumulative Bonus

20% of the expiring base sum insured per claim-free year, up to 100%

Consumable Cover

Prescribed medicines and consumables during treatment are covered. Annexure II items are not.

Initial Waiting Period

30 days, except accidents

Specific Waiting Period

24 months for listed conditions

PED Waiting Period

36 months

Annual Health Checkup

Annual from day one, for defined tests. Up to ₹500 per ₹1 lakh of base sum insured. Cashless only.

Post-Hospitalisation

180 days after discharge

Outpatient Department Cover (OPD Expense)

Not covered

Deductible Option

Annual aggregate deductible from ₹10,000 to ₹10 lakh

Coverage Options

Individual or floater, with optional hospital cash, personal accident and deductible

Maternity Cover

Not covered

Pre-Hospitalisation

60 days before admission

Claim Settlement Ratio

Claim Settlement Ratio (CSR) of 93.3% as a three-year IRDAI weighted average, and 95.6% in recent quarterly company disclosures (Q1 FY 2026-27).

Disease-wise sublimits

No disease sublimit schedule in the prospectus

Exclusions

Treatment expenses related to self-inflicted injuries, suicide attempts, or substance abuse.
Cosmetic or aesthetic procedures, unless required due to accidental injury or burns.
Any treatment related to infertility, pregnancy, childbirth, or related complications unless covered under a specific maternity benefit.
Treatment for diseases or conditions arising from participation in hazardous activities, adventure sports, or professional sports.
Expenses related to experimental, unproven, or investigational treatments not approved by medical authorities.

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About the company

About Niva Bupa

Niva Bupa Health Insurance Company Ltd. (formerly Max Bupa) is a standalone health insurer in India, formed through a joint venture between the UK-based Bupa Group and Indian private equity firm True North. Established in 2008, the company offers a comprehensive range of health insurance products for individuals, families, and senior citizens, designed to make quality healthcare more accessible and affordable.The company operates with a nationwide network of over 10,000 hospitals and provides coverage across hospitalization, surgeries, consultations, and post-hospital care. Under the leadership of Managing Director and CEO Krishnan Ramachandran, Niva Bupa has expanded its presence and strengthened its digital and service capabilities to enhance the customer experience. Listed on both the BSE and NSE after its November 2024 IPO, Niva Bupa reflects strong financial performance and market confidence.

FAQs

Frequently Asked Questions

Got questions about health insurance? You're not alone. Here are some of the most commonly asked questions to help you understand plans, coverage, claims, and benefits better.