Insurance Companies in Bihar| List of Insurance Companies

Insurance Companies in Bihar| List of Insurance Companies –

List of Life Insurance Companies in Bihar

Here we are going to give brief detailing about the 5 policies in Bihar. The entry age, maturity age, pay term, sum assured, etc. are given in the table.

First in the list is the TATA AIG life insurance plan named Sampoorna Suraksha. The plan provides you safety, security and financial protection to your family members even after your death. Monthly premium for the plan is Rs 852. In yearly subscription, the premium is Rs 9647 and you also save a sum of Rs 14,425 over the policy. There is life cover up to the age of 80 years with a policy term of 40 years. Tax benefit are also applicable as per the Income tax act 1961 section 80C and 10D.

Next in the list is the Kotak Life plan named e-Term. Plan is available at monthly premium of Rs 1246 and the yearly premium for this is Rs 14160 and in this you can save Rs 19800 over the policy. There are three payout in the policy. One is immediate payout in which the sum assured will be paid immediately on the death of the life insurer and the policy terminate. Second is Level recurring payout. In this 10% of the sum assured would be paid as lump sum and rest in the form of monthly salary over 15 yrs. Last is increasing payout in which the 15 yrs salary gets increase at rate 0f 10% monthly.

Let’s move forward to DHFL Pramerica life insurance. The plan name is e-Term. You can enrol this policy at a monthly premium of Rs 1140. To save Rs 25300 over the policy, you can switch to the yearly plan in which you need to pay Rs 12,668 yearly. The plan covers the options like Death, Accident death, Terminal illness and Critical illness. In case of diagnosis of 35 critical illnesses there is extended coverage with a lump sum payout.

Second last in the list is the Elite Term insurance plan provided by Exide Life Insurance. This policy not having the monthly premium. Only yearly premium is available which is Rs 10,377. By undergoing a medical examination, you can enjoy the lower premium rates in this plan. Preferential premium term is available if you do not smoke or consume tobacco. You can also eligible for the Super Elite premium rates if your medical examination turns out as per the underwriting guidelines. For females also there are lower premium rates. This is one of the various life insurance plans available at this time and also has economical premiums.

Let’s end the list with the IDBI Federal Life Insurance co. Ltd. The plan name is iSurance Flexi Lump sum plan. At a easy economical monthly premium of Rs 1013, the plan is available. The yearly premium for the same plan is Rs 11,251 and with this you also save Rs 22,625 over the plan. There is add on to the plan which is Accidental death benefit. The premium for this is Rs 234 and pay term is 25 years. The sum assured is Rs 49 Lacs (Appox) in this add on.

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

Sr. No Company’s Name Company’s Policy Entry Age Maturity Age Policy Term Minimum Sum Assures Maximum Sum Assured Survival Period Premium Payment Frequency
1 TATA AIA TATA Sampoorna Raksha Minimum: 18 years

Maximum: For Regular pay/ For limited pay 5 – 70 yrs

For limited pay 10 – 65 yrs

Min : 28 yrs

Max : 80 yrs

Regular pay / Limited pay 5 – 10 to 40 yrs

Limited pay 10 years – 15 to 40 yrs

50 lacs No limit subject to board approved underwriting policy

 

Annual, monthly, half yearly, Quarterly
2 Kotak Life e-Term plan Minimum: 18 years

 

Maximum: 65 years

 

75  years Min :5 yrs

Max : 40 yrs or 75 yrs – entry age

25 lac Annual, monthly
3 DHFL Pramerica Life Insurance

 

Flexi e-Term Minimum: 18 yrs

Maximum : 65 yrs (For regular pay option)

50 yrs (For 60 yrs less entry age at entry option )

75 yrs Max – 75 yrs – Entry age Annual, monthly
4 Exide life Insurance Elite Min – 21 Years and Max  –

60  yrs

70 yrs for regular pay

80 yrs for extended pay option

Single pay : 5 to 35 yrs

Regular pay : 10 – 35 yrs

Extended pay : Regular pay + 5 yrs or 10 yrs

 50 Lac 1.5 Cr Annual
5 IDBI Federal Life insurance co. ltd. iSurance Flexi Lump sum plan Min – 18 Years and Max – 60 years 80 yrs Min : 10 yrs

Max : 62 yrs

50 Lacs 15 days Annual, Semi- Annual, Quarterly, monthly

List of Health Insurance Companies in Bihar

Here we are going to give brief detailing about the 5 health policies in Bihar. The key features, monthly premium, sum assured, etc. are added in the list

The first in this list is the Star Health Insurance. The plan name is Health optima. The monthly premium for this plan is Rs 959. There is coverage of Rs 15k for utilizing the alternate medicine like Ayurveda, Unani or alternate medicine method in government or accredited institutions. There is network of 8200+ hospitals that provide the cashless hospitalization.

Next is the Lifeline Supreme health care plan provided by Royal Sundaram General Insurance. The plan is available at a monthly premium of Rs 772. There is a list of 4195 hospitals that provide the cashless hospitalization. The hotel expenses before 60 days and after 90 days of the hospitalization are also covered in this plan.

Let’s move forward to the Bharti AXA plan named Smart Super Health which is available at a monthly premium of Rs 948. 60 days before and 90 days after hospitalization expenses are covered under this policy. 4300+ hospitals are there under this policy that provides cashless hospitalization. And also 130 day care treatments are covered under the plan.

Reliance General Insurance plan name is Health gain. This is available at a monthly premium of Rs 1058. A network of 4000+ hospitals is there that provide the cashless hospitalization. There is up to 50K coverage for the treatments that done at home. 172 day care treatments come under the plan. Maternity coverage is not there under the plan.

Last in the list is the Family Medicare 2014 plan provided by United India insurance. The plan is available at a monthly premium of Rs 1266. There is coverage up to the sum assured for the alternate medicines. Before 45 days expenses and after 60 days expenses to hospitalization are covered under the plan. 4000+ hospitals came under this plan that provides cashless hospitalization. And there are 121 listed day care treatments under the plan.

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

Sr. No. Company’s Name Company’s Plan Sum Insured Key Features Premium
1. Star health Insurance Health Optima Rs 5 Lacs Hospital Room Eligibility

Single standard A/C room

 

Bonus on No Claim

Rs 1.25 Lacs SI added/reduced per year

 

Restoration of Cover

Up to Rs 5 Lacs (max thrice/year)

 

Health Checkups

Up to Rs 1.5K once every claim free year

Rs 959  Monthly
2. Royal Sundaram General Insurance LifeLine Supreme Rs 5 lacs Hospital Room Eligibility

All categories

 

Bonus on No Claim

Rs 1 Lac incremental cover/year

 

Restoration of Cover

Up to Rs 5 Lacs once a year

 

Health Checkups

Once every year, starting year 2

Rs 772 Monthly
3. Bharti AXA Smart Super Health Insurance Policy Rs 5 lacs 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

 

Health Checkups

Once every year

Rs 948 Monthly
4. Reliance General Insurance Health gain Rs 6 Lacs 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

 

Health Checkups

No health checkups

Rs 1058 Monthly
5. United India Insurance Family Medicare 2014 Rs 6 Lacs Hospital Room Eligibility

Up to Rs 6K/day

 

Bonus on No Claim

Not available

 

Restoration of Cover

Not available

 

Health Checkups

Once every 3 continuous years(upto Rs 1.5K/member)

Rs 1266 Monthly

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

Also Read : Insurance Companies in India

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