Royal Sundaram Alliance Insurance Company was the first private insurer to get the license in 2001 after privatization was allowed. Being one of the leading insurance companies in India, it offers many innovative solutions to its customers. It is one of the relatively new health insurance company in India.
It is a joint venture of Sundaram Finance, which is one of India’s leading non- banking financial company and RSA, which is UK’s second largest insurer and has operations in almost 130 countries in the world.
Royal Sundaram Alliance Insurance Company offers many services to its customers; of which health insurance is one. They offer two types of health insurances:
- Family Health Insurance- (family floater plan) It is a comprehensive package to provide insurance cover to the insurer and his whole family which includes spouse, children and dependent parents with applicable age limits. Inpatient hospitalization, pre and post hospitalization are all covered in case of a illness or injury. the coverage options available under this policy are; coverage for 2 adults, coverage for 2 adults and one dependant child and coverage for 2 adults and 2 dependant children.
- Health Shield online- this is an individual health insurance policy. it is available for individuals from 91 days to 75 years. Dependant parents up to 50 years of age are covered as part of the policy. It gives access to many value added services like cashless treatment at network hospitals, 24 hour helpline and ambulance referral facility. The plan can help you save tax under section 80 D of income tax act.
Benefits:
They were first ones who offered co branded credit cards, cashless hospitalization. Easy documentation and hassle free claim settlements are
Third Party Administrator (TPA) services-
Royal Sundaram has tied up with 3 TPAs, who provide services to the customers. Medicare TPA services, Paramount TPA services and TTK TPA services provide administrative services to Royal Sundaram.
Posted in Health insurance review.
Star Health is a joint venture between Oman Insurance Company, ETA ASCON group, and number of insurers in India. It has more than 140 branches in India.
It is a stand alone Health insurance company in India along with Apollo Munich and Max Bupa. Star Health offers a wide range of health insurance plans:
- True Value- With very economical premiums, this policy is for the masses. There is a wide range of sum assured options ranging from 30,000 to 80,000. The policy covers hospitalization, nursing expenses as well as surgeon’s fees, anesthetist fee and cost of blood, oxygen, medicines etc.
- Medi Classic- This policy covers hospitalization, pre and post hospitalization expenses, nursing expenses, ambulance charges, and cost of medicines, drugs, surgeon’s fee, anesthetist fee and specialist’s fees.
- Medi Premier- This plan has two sections; section 1 offers cover for unexpected illnesses and section 2 provides 50 % lump sum of the sum assured in case of diagnosis of certain health conditions like Cancer, stroke or renal failure.
- Family Health Optima- It is a super saver policy which covers the entire family under a single sum insured. Individuals aged between 5 months and 60 years are eligible for this policy.
- Senior Citizen Red Carpet- This policy is designed for senior citizens and covers anyone above 60 years. All pre- existing diseases are covered from the first year. Inpatient hospitalization, nursing expenses, surgeon’s fees, specialists fee, cost of medicines, blood, drugs etc are all covered in the policy.
- Super Surplus- The policy is available on individual basis as well as a family floater plan. It offers wider protection at lesser price. Maximum sum assured limit is Rs. 10, 00,000.
- Star Netplus- This policy is meant only for people who are diagnosed as HIV positive, making it first of its kind in India. There is no age limit for applicants.
- Star Gain Insurance- At very low premium this policy offers in patient and outpatient hospitalization expenses. Premium paid for this policy is eligible for tax exemption under section 80D of IT act.
- Star Criticare Plus- this policy has tow sections. Section 1 provides in patient hospitalization and section 2 provides lump sum amount equal to the sum assured in case the person is diagnosed with any major diseases for the first time. Diseases included are cancer, brain tumor, kidney diseases, coma, paraplegia, quadriplegia, organ transplant.
- Diabetes- policy for those people who have Diabetes Mellitus Type II. it offers coverage for treating commonly occurring conditions because of diabetes like diabetic retinopathy, diabetic nephropathy, diabetic foot ulcer. This policy is called as Diabetes Safe Insurance Policy.
Start Health Insurance is also the insurance provider for the Tamil Nadu employees’ new health insurance. As well as they are the provider for Aarogyasri – community health insurance for the people of Andhra Pradesh.
Benefits-
Since it is a stand alone health insurance company, it specializes in health insurance. It offers round- the- clock general physician service. They have a network of more than 4500 hospitals. They also have this unique feature of availing cashless service even without needing the intervention of the TPA.
Third Party Administrator (TPA) services-
It provides cashless service without any third party involvement. It has a direct tie- up with hospitals on all India basis.
Posted in Health insurance review.
Reliance health is a healthcare company owned by Reliance Anil Dhirubhai Ambani group, which plans to offer very affordable healthcare solutions to Indian consumers.
There are a number of health insurance policies offered by Reliance General Insurance: They are the pioneers in launching the cheapest family floater health insurance and also least amount covered so far of Rs. 1 Lakh for the entire family but now they have withdrawn this policy though.
- Reliance Critical Illness Policy- it provides coverage for 10 critical illnesses or procedures. An individual between 20 to 50 years of age can be covered in this policy.
- Reliance Healthwise Policy Gold plan- It provides a cover of Rs. 2 lakh for a couple at a premium of Rs. 6999 p.a. the family floater benefit means the entire family is covered in the policy.
- Reliance Healthwise policy Standard Plan- Offers a family floater benefit which covers the whole family. It provides a cover of up to Rs. 2 Lakh for a very low annual premium.
- Reliance Healthwise Policy Silver Plan- Hospitalization expenses, day care treatment, domiciliary hospitalization, pre and post hospitalization, and donor expenses are all covered in this policy. For a little higher premium than the standard plan, this offers a cover of Rs. 2 lakh for a couple.
- Reliance Individual Mediclaim Policy- This plan covers the insurer and his family members for hospitalization and other medical related expenses. Individuals from ages 5 to 80 years are covered in this policy. Insurer can also avail tax benefits under section 80D. Mediclaim individual insurance policy covers hospitalization, pre and post hospitalization, domiciliary hospitalization, day care treatment, medical and diagnostic expenses.
- Reliance Individual Personal Accident policy- this policy covers the insurer against accidental death, permanent total disability, permanent partial disability, temporary total disability. It provides compensation to the family in case of accidental death.
Benefits:
Affordable pricing, family floater plans, hassle free policy issuing procedures are some of the benefits of Reliance health Insurance.
Third party Administrator (TPA) services-
For speedy settlement of claims and enabling cashless hospitalization, TPA forms a vital link. Medi Assist India, Heritage Health TPA are few TPAs which offer their services to Reliance Health.
Posted in Health insurance review.
United India Insurance Company limited, was incorporated in the year 1938. It was formed by merging 22 insurance companies in 1972. They have more than 1 crore policy holders now.
The health policies that they offer are:
- Family Medicare- (family floater) It provides cover for hospitalization, post and pre hospitalization expenses, nursing expenses, surgeon, anesthetist, or specialists fees, cost of blood, OT charges, drugs , medicines, oxygen, X ray charges etc. are all included in the policy. It covers all the family members under single SI. The proposer should be between 18 to 80 years of age.
- Gold- Individuals between 36 to 60 years are eligible for this policy. The sum insured option ranges from Rs. 1 lakh to Rs. 5 lakh. Post and pre hospitalization, inpatient hospitalization, along with other costs like medicines, drugs, surgeon’s fees, specialists fees, blood, oxygen are all included.
- Platinum- this policy has age limit of 3 years to 35 years. it provides cover for hospitalization, domiciliary hospitalization, pre and post hospitalization and other medical expenses involved in case of injury or illness. a family discount of 5 % on total premium is given if one or more members of the family are insured.
- Senior Citizen – Entry age for this policy is 61 to 80 years. The sum insured range is from Rs. 5000 to Rs. 3, 00, 000. Hospitalization expenses, domiciliary hospitalization, ICU cost, anesthetist’s fees, surgeon’s fees, OT charges, oxygen, blood cost, medicines and drugs are all covered in the policy.
- Super Top Up-This top up plan gives additional coverage in case the hospitalization costs are very high. The policy can be issued individually or on a family floater basis. The policy responds when the threshold level of other existing policies is exceeded.
- TopUp- it also gives additional protection to the insured at a very affordable price. It can be issued individually or to the family on a floater basis. The proposer should be aged between 18 to 80 years.
Benefits:
The company has been given an iAAA rating by ICRA for its claims paying ability.
Third party administrator services:
Medsave healthcare Ltd., Medicare TPA services, TTK healthcare services Pvt. Ltd., E Meditek solutions Ltd., Genins India Ltd., Heritage Health services Pvt. Ltd., East West Assist Pvt. Ltd., Alankit Heatlhcare Ltd., Raksha TPA services, Good Health Plan Ltd. are the TPAs of United India Insurance.
Posted in Health insurance review.
