Insurance Companies in Punjab

Insurance Companies in Punjab| List of Insurance Companies –

List of Life Insurance Companies in Punjab

Here we are going to provide the information about some of the good Life insurance companies in Punjab and their policy with the details.

ICICI Prudential iProtect Smart plan is first on this list. The plan is available at easy and economical monthly installments of Rs 804. If someone wants to go for the yearly premium, then they need to pay Rs 9,406. By enrolling for the yearly premium, there is saving of total Rs 7,502 on the policy. Term plan would be 31 years long and Sum assured is Rs 1 Cr. There are four options in this plan and they are Lumpsum Payout, Regular Income, Increasing Income, Lumpsum + Regular Income.

Mera Term Plan provided by PNB Met Life is also available in this region. This is available at a monthly premium of Rs 764. To save a sum of Rs 16,957 you can switch to pay the yearly premium which is Rs 8,621.  There are several add-ons to the plan. First one Accidental death benefit rider. The premium to be paid for this add-on is Rs 77 for a term period of 31 years. The sum assured minimum is Rs 5 Lac and maximum is Rs 1 Cr. If the death of the Life Insurer occurs during the policy, sum assured would be paid out to the nominee.

The third is the Elite Term Insurance plan provided by Exide Life Insurance. The monthly premium is not available for the policy. It is available at a yearly premium of Rs 9,510. Plus point of this policy is that you can pay less rate premiums for the same policy if you are living a healthy life, you just need to go through a medical examination. You can also get preferential premium rates if you do not smoke and do not consume Tobacco. Also, one can be eligible for the super Elite premium rates if the medical examination turns out to be favorable as per the policy underwriting guidelines. There are lower premium rates for female candidates.

Flexi online Term provided by Future General Total Insurance Term is next in this list. The policy is available at a monthly premium of Rs 660. There are two add-ons to this plan. One is Accidental death protection with a premium of Rs 49 and pay term of 31 years. Minimum sum assured in this is Rs 50K and the maximum is Rs 1 Cr. Second is Accidental death and Accidental total permanent disability with a premium of Rs 89. Pay term and sum assured are same as of precious. With a pay term of 31 years, the policy provides the coverage period of 75 yrs. In case of unfortunate death of the life insurer during the coverage period, the total cover benefit would be paid to the nominee as a Lumpsum payout.

Let’s concluded the list with the HDFC Life insurance plan named 3D plus. The plan is available at a monthly premium of Rs 863. Out of this Rs 808 is the base premium and Rs 55 is the accidental death benefit. There is also the option for the Life stage protection. In this, you can increase your basic sum assured (terms and conditions applied). This is an economical and promising option to secure your life. For more details about this, you can visit the company’s site.

Following is the table that contains the details about the eligibility criteria of the above-mentioned policies.

Sr. NoCompany’s NameCompany’s PolicyEntry AgeMaturity AgePolicy TermMinimum Sum AssuresMaximum Sum AssuredSurvival PeriodPremium Payment Frequency
1ICICI Prudential Life InsuranceiProtect SmartMinimum: 18 years   Maximum: 60 yrs 75 yrsMin : 5 yrs   Max : 40 yrs(30 yrs for critical illness) –     30 daysAnnual, Monthly, Half yearly, single
2PNB Met LifeMera Term Plan (UIN117N092V02)Minimum: 18 years     Maximum: 65 yrs   99 yrs     Min : 10 yrs   Max : 99 yrs – entry age 10 LacsAnnual, monthly    
3Exide Life Insurance     Elite term insurance planMinimum: 21 yrs   Maximum : 60 yrs Max :70  yrs (regular pay)   80 yrs (Extended pay)  Single –  5 to 35 yrs   Regular pay – 10 to 35 yrs Extended term – Regular pay + 5 years or + 10 years   50 Lacs1.5 Cr30 daysAnnual
4Future General Total Insurance SolutionsFlexi online TermMin – 18 Years and Max  –   55 yrs Smoker – 65 yrs   Non smoker – 75 yrs Min – 10 yrs   Max – Smoker : 75 yrs – entry age Non- smoker : 65 yrs – entry age Rs50 LacAnnual
5HDFC Life3D plus Life optionMin – 18 Years and Max – 65 yearsMin : 23 yrs   Max : 75 yrs Min :   Single/ regular pay – 5 yrs Limited pay – 6 yrs Max : 40 yrs Min : 10 lacs   For ROP – 30 Lacs No limit30 daysAnnual, single, half yearly, monthly, quarterly

List of Health Insurance Companies in Punjab

Here we are going to provide the information about some of the good Health insurance companies in Punjab and their policy with the details.

We are going to provide the details of 5 health insurance policies. First in this list is the Mediprime provided by TATA AIG. The plan is available at a monthly premium of Rs 1133 and sum assured is Rs 5 Lacs. This plan the alternate medicine expenses up to 25K. A list of 1985 hospitals is there which provide cashless hospitalization. 140-day care treatments and 30 days before hospitalization expenses and 60 days after hospitalization expenses are covered in this plan.

Let’s step ahead to the Supreme health policy provided by Liberty general Insurance which is available at the monthly premium of Rs 1372.  60 days before hospitalization expenses and 90 days after hospitalization expenses are covered in this plan. Also, there is the list of 3600 hospitals that offers cashless hospitalization and all day care treatments are covered under the plan. Maternity coverage not taken under the plan.

Reliance General Insurance is also in this list with the health plan named Health Gain. The monthly premium for the plan is Rs 1058. The plan has the provision for share claim payment. If the age if the customer is greater than 60 years, there is a mandatory payment of 20% on all the claims. 172-day care treatments are listed. 4000 hospitals that offer cashless hospitalization are listed in the plan.

Next is Family health protector plan provided by IFFCO TOKIO. The plan is available at the monthly premium of Rs 1190.  Medical expenses of 45 days before hospitalization and 60 days after will be covered. 121-day care treatments are taken into the plan. 4000+ hospitals are listed that provide the cashless hospitalization.

Ending the list with Optima Restore plan of Apollo Munich. At a monthly premium of Rs 1123, the plan is available. Medical expenses of 180 days after and 60 days before the hospitalization are covered in this plan. A list of 4105 is there that provide cashless hospitalization.

Following is the table that contains the details about the eligibility criteria of the above-mentioned policies.

Sr. No.Company’s NameCompany’s PlanSum InsuredKey FeaturesPremium
1.TATA AIGMediPrimeRs 5 LacsMaternity   Not covered   Hospital Room Eligibility All categories   Bonus on No Claim Rs 50K SI added (reduced on claim)/year   Restoration of Cover Not available Rs 1133  Monthly
2.Liberty General InsuranceSupremeRs 6 lacsMaternity   Not covered   Hospital Room Eligibility All categories   Bonus on No Claim Up to Rs 60K SI added/year   Restoration of Cover Up to Rs 6 Lacs once a year Rs 1372 Monthly
3.Reliance General InsuranceHealth GainRs 6 lacsMaternity   Not covered   Hospital Room Eligibility Up to single private room   Bonus on No Claim Rs 2 Lacs SI added (reduced on claim)/year   Restoration of Cover Upto Rs 6 Lacs/1.2 Lacs for unrelated/repeated illness Rs 1058 Monthly
4.IFFCO TOKIOFamily health protectorRs 6 LacsMaternity   Not covered   Hospital Room Eligibility Up to Rs 7500/day   Bonus on No Claim Rs 3K SI added (reduced on claim)/year   Restoration of Cover Once a year Rs 1190 Monthly
5.Apollo MunichOptima restoreRs 5 LacsMaternity   Not covered   Hospital Room Eligibility All categories   Bonus on No Claim Rs 2.5 Lacs SI added (reduced on claim)/year   Restoration of Cover Up to Rs 5 Lacs once a year Rs 1123 Monthly

For more detail about any of the above-written policy please visit the company site. This is the approximated data.

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