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Introduction of Health Insurance in India                                 
 
 
Introduction of Health Insurance
Need of Health Insurance
What Health Insurance Policy Covers in India
What Health Insurance Policy in India Does not Cover
List of 145 Day Surgeries
Salient Points of Various Products of Insurance Company's
SALIENT POINTS OF VARIOUS PRODUCTS OF INSURANCE COMPANY'S
 
Apollo DKV Insurance Company Limited.
  1. Second Health Insurance Co. of India.
  2. Started operations on Aug 8, 2007 in New Delhi.
  3. Focus on webbased.
  4. Product details are available on website.
Bajaj Allianz General Insurance Company Ltd :
  1. Only company which has switched back from TPA for claim settlement to in house team.It claims: early claim settlement.
Cholamandalam MS General Insurance Company Ltd :
  1. Cover up to Rs. 10 lakhs is possible subject to meeting income criteria
  2. 140 day surgeries are covered. Highest number.
HDFC General Insurance Company Ltd :
  1. Less known in the market for health insurance.
  2. Recently disassociated itself from Chubb, USA
ICICI Lombard General Insurance company Ltd :
  1. Family floater is available.
  2. EMI payment plan is available
  3. Premium is higher because of their focus on better service.
  4. Limit on family floater at Rs 3 lakhs is somewhat low.
Iffco - Tokio General Insurance Company Ltd :
  1. Normal products at normal pricing.
  2. Ayurvedic treatment covered.
National Insurance Company Limited:
  1. Under normal policy discouraging issue of policy to these having age 50+
  2. Recently started Varistha Bima for senior citizens (age 60+) Premium increased. New concept of Co pay introduced. It is 10% for senior citizens.
  3. Getting insurance policies and ID cards may take longer time than what is taken by some private Co's
  4. Hospital list is highest at 4082
New India Assurance Company Ltd :
  1. Have started product for senior citizens. 
  2. Raised sum assured for normal policy to Rs 10 Lakhs. Planning to raise this limit to Rs 25 Lakhs.
  3. Getting insurance policies and ID cards may take longer time than what is taken by some private Co's
  4. Hospital list is highest at 4082
  5. Have recently come out with premium rates where India is divided into 3 Zones. Zone 1: Mumbai (Highest), Zone 2: Delhi / Banglore, Zone 3: Rest of India (Lowest)
 
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