|
|
| Introduction to Health Insurance in India |
| |
|
| Health Insurance provides risk coverage against unforeseen health expenditure that may result in financial hardship. Health insurance is one of the fastest growing areas in the insurance industry and is expected to grow to Rs. 30,000 crores in 5 years from the current Rs. 8,100 crores. |
|
|
|
|
| 9(f)- Rewards given on renewal to health insurance customers who did not lodge any claim during the year |
|
| Health Insurance Commutative Bonus Comparision |
| Insurance Company's Name |
Cumulative Bonus |
Cumulative Bonus |
Discount on Prem. |
Discount on Prem. |
Vouchers |
| Individual Mediclaim |
Family Floater |
Individual Mediclaim |
Family Floater |
|
| Per Year % |
Max Limit % |
Per Year % |
Max Limit % |
Per Year % |
Max Limit % |
Per Year % |
Max Limit % |
- |
| Apollo Munich |
10% |
50% |
10% |
50% |
- |
- |
- |
- |
- |
| Bajaj Allianz |
Nil |
Nil |
Nil |
Nil |
- |
- |
- |
- |
- |
| Bharti Axa |
- |
- |
- |
- |
5% |
25% |
5% |
25% |
- |
| Cholamandalam |
5% |
50% |
5% |
50% |
- |
- |
- |
- |
- |
| HDFC Ergo |
5% |
50% |
5% |
50% |
- |
- |
- |
- |
- |
| ICICI Lombard |
5% |
50% |
5% |
50% |
- |
- |
- |
- |
- |
| IFFCO Tokio |
5% |
50% |
5% |
50% |
- |
- |
- |
- |
- |
| Max Bupa |
- |
- |
- |
- |
- |
- |
- |
- |
10% of renewal prem. amount ** |
| National Ins. Co. |
5% |
50% |
- |
- |
- |
- |
- |
- |
- |
| New India Ins. Co. |
5% |
30% |
Nil |
Nil |
- |
- |
- |
- |
- |
| Oriental Insurance |
Nil |
Nil |
- |
- |
- |
- |
5% |
20% |
- |
| Reliance General |
5% |
50% |
- |
- |
5% on Healthwise |
20% on Healthwise |
5% on Healthwise |
20% on Healthwise |
- |
| Royal Sundaram |
5% |
50% |
5% |
50% |
- |
- |
- |
- |
- |
| Star Health |
- |
- |
- |
- |
5% |
25% |
10% |
10% |
- |
| United India Ins. Co. |
- |
- |
- |
- |
5% |
25% |
3% after three claim free years. Starts from 4th year. |
15% |
- |
| Universal Sampo |
5% |
30% |
- |
- |
- |
- |
- |
- |
- |
| Source : www.healthinsuranceindia.org |
|
|
| Note : |
|
| * Also covers families where each individual has sum assured mentioned against each family member. |
|
| ** Vouchers can be used for OPD/Consultation/Medicines/diagonistic tests/Wellness Programme (Gym/shoes etc.) |
|
| 1. Star Health discount (maximum) on family floater is limited to 10% only, not cumulative. |
|
|
|
|
|
|
|
|
|