| 4- Salient Points of Various Products of Insurance Companies |
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| Aditya Birla Health Insurance Company Limited. |
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- Covers modern treatment methods.
- Cashless home Treatment – Chemotherapy
- Ayush Treatment is permited
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| Bajaj Allianz General Insurance Company Ltd |
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This company is using house team for claim settlement. |
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| Cholamandalam MS General Insurance Company Ltd |
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- Cover up to Rs. 10 lakhs is possible subject to meeting income criteria
- 140 day surgeries are covered.
- International Medical Second Opinion can be availed on payment of additional premium.
- Flexible sum insured options along with flexible payment mode.
- Free health check-up - once in every 2 claim-free years.
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| HDFC ERGO General Insurance Co. Ltd. |
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- Become bigger due to merger of Larson Turbo and Apollo Munich in it.
- Covering Ayurvedic Hospital, Hospitalization.
- Less known in the market for health insurance.
- Optima Secure health insurance, which redefines the value you get from health insurance, Can give 4X Coverage at no additional cost.
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| ICICI Lombard General Insurance company Ltd |
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Premium is generally higher because of their focus on better service. |
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| Iffco - Tokio General Insurance Company Ltd |
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- Normal products at normal pricing.
- Ayurvedic treatment is covered.
- 380 procedures covered under day care surgeries.
- Wellness benefits covered
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| Nive 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
- Now focusing on increasing branches in South India
- Max sum assured of Rs. 1 crore.
- 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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- Having Varistha Bima for senior citizens (age 60+) Premium increased. Having concept of Co pay introduced. It is 10% for senior citizens.
- Having PPN conditions
- National Parivar + 50 Lakh Insured upto age 60.
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| New India Assurance Company Ltd |
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- Have started product for senior citizens.
- Raised sum assured for normal policy to Rs 10 Lakhs. Planning to raise this limit to Rs 25 Lakhs.
- 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)
- Youth Plan new launched upto age 45 yrs.
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| Oriental Insurance Company Ltd |
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- Discouraging issue of policy to those having age 60+
- Getting insurance policies and ID cards may take longer time than what is taken by some private Co.’s
- Discount of 5% is given if you do not opt for cashless settlement option.
- Has done away with No Claim Bonus concept for new policy holders.
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