| 4- Salient Points of Various Products of Insurance Companies |
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| Apollo DKV Insurance Company Limited. |
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1. |
Second Health Insurance Co. of India. |
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2. |
Started operations on Aug 8, 2007 in New Delhi. |
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3. |
Focus on webbased. |
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4. |
Product details are available on website. |
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| Bajaj Allianz General Insurance Company Ltd : |
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1. |
Only company which has switched back from TPA for claim settlement to in house team.It claims: early claim settlement. |
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| Cholamandalam MS General Insurance Company Ltd : |
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1. |
Cover up to Rs. 10 lakhs is possible subject to meeting income criteria |
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2. |
140 day surgeries are covered. Highest number. |
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| HDFC General Insurance Company Ltd : |
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1. |
Less known in the market for health insurance. |
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2. |
Recently disassociated itself from Chubb, USA |
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| ICICI Lombard General Insurance company Ltd : |
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1. |
Family floater is available. |
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2. |
EMI payment plan is available |
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3. |
Premium is higher because of their focus on better service. |
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4. |
Limit on family floater at Rs 3 lakhs is somewhat low. |
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| Iffco - Tokio General Insurance Company Ltd : |
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1. |
Normal products at normal pricing. |
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Ayurvedic treatment covered. |
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| Max Bupa Health Insurance Company Limited. |
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- Focus on metro cities
- Focus on upper segment or upper middle segment of society
- Use of smart cards
- Will not use TPAs
- For those opting for sum assured of Rs.15 lakhs – use of helicopter permitted for evacuation in case of emergency
- Max sum assured of Rs. 50 lakhs
- Reimbursement of medical tests cost incurred at the time of making proposal
- OPD coverage - yes
- Annual medical checkup
- A qualified doctor will be acting as your Relationship Manager – who will guide you on phone from time to time. He will even visit you when you are in hospital for serious ailment.
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| National Insurance Company Limited: |
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1. |
Under normal policy discouraging issue of policy to these having age 50+ |
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2. |
Recently started Varistha Bima for senior citizens (age 60+) Premium increased. New concept of Co pay introduced. It is 10% for senior citizens. |
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3. |
Getting insurance policies and ID cards may take longer time than what is taken by some private Co's |
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4. |
Hospital list is highest at 4082 |
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| New India Assurance Company Ltd : |
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1. |
Have started product for senior citizens. |
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Raised sum assured for normal policy to Rs 10 Lakhs. Planning to raise this limit to Rs 25 Lakhs. |
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3. |
Getting insurance policies and ID cards may take longer time than what is taken by some private Co's |
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4. |
Hospital list is highest at 4082 |
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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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