Insurance Companies in Karnataka| List of Insurance Companies

Insurance Companies in Karnataka| List of Insurance Companies

List of Life Insurance Companies in Karnataka

This article is about the insurance companies that provide Life insurance policies in Karnataka and you will provided information about the general eligibility criteria for having any one of these policies.

ICICI Prudential is first in the list. The name of the policy is Rs 873 and annual premium for the same is Rs 10,234. In the annual payment mode, you can also save a sum of Rs 5,808 on the policy. There are four felxible payout options in this policy. One is Lumpsum payout mode in which you can get all the sum asusred in one shot in case of unfortunate death of the Life Insured and this is the most preferred online mode. Next is the Monthly income in which the sum assured is divided in form of monthly income for the next 10 years and this is the most economical option. Next is the increasing Income which provides 45% more Life cover and the last is Lumpsum Plus Income which take care of both immediate and the future need and this is the new option under this policy.

HDFC Life is second in the list and the company is coming with the plan named 3D Plus Life Option. The plan is coming with a monthly premium of RS 864 and the annual premium for the same plan is Rs 10,042, You can save a sum of Rs 7,824 in case of annual payment mode. The plan is coming with a number of add on which you can add over the plan to get additional feature. Also you can get Life stage protection to increase your basic income. Also, there is a number of Life cover option that are coming with different monthly premium and different features. For detail imformation about each one of this you need to visit the company’s official site.

Next in the list is Max Life Insurance and the plan name is Online Term Plus. There are three cover options in this plan. One is Lfe cover in which the entrire sum assured is paid as Lumpsum to the nominee in a one single hit in case of unfortunate death of the Life Insured. Second one is the Monthly income in which the Sum asusred is paid int he form of Monthly income for 10 years. This monthly income is 0.4% of the sum assured and would be completely tax free. Last is the Increasing Income. In this the sum assured is paid in the form of increasing monthly income which increases at the rate of 10% per year. The premium rates are economical in this plan and the benefits will take care of your family’s needs for lonnger time.

With monthly premium of Rs 927, Kotak Life is coming with the plan named e-Term Life. There are three add on in this plan. One is Accidental death benefit Rider which is available at rate of Rs 389. The RIder sum assured for this is Rs 75 Lacs and the pay term is 24 years long. Next is Enhanced Critical illness, which is available at premium of Rs 658. Minimum sum asusred is Rs 25K in this policy and the maximum is Rs 50 Lac with a pay term of 24 years. The last one is waiver of premium with a premium of Rs 23 for 24 years. In this policy if the life insured unfortunately die the sum assured would be paid out as Immediate payout, Level Recurroing payout and Increasing payout.

Aditya Birla Capital is the last in the liat and the plan name id Digishield Plan. Monthly premium for the plan is Rs 808 and the annual premium for the same plan is Rs 8.980. And addopting the annual premium mode is benefial for you, because you can save a sum of Rs 17,184 in this plan. A predecided sum assured will be paid as Lumpsum in case of unfortunate death of the Life Insured. This plan also provide you option to cover you and your spouse under the same plan. Also, you will be provided Lump sum payout in case of detection of a Terminal illness for the diagnosis of the illness.

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 ICICI Prudenatial iProtect Smart Minimum: 18 years

Maximum: 60 yrs

Max : 75 years Min : 5 yrs

Max : 40 yrs (30 yrs in case of critical illness)

75 Lacs 30 days Single, Rearlt, Half yearly, monthly
2 HDFC Life 3D Plus Life Option Minimum: 18 years

 

Maximum: 65 years

Min : 23 years

Max : 75 years

Single, Regular pay – 5 years and Limited pay – 6 years

Max : 40 years

10 Lacs

For ROP – 30 Lacs

No Limit 30 Days Annual, half yearly, monthly, Quarterly, Single
3 Max Life Insurance

 

Online Term Plus Minimum: 18 yrs

Maximum : 60 yrs

85 years Min : 10 years

Max : 50 years

25 Lacs 30 days Annual, monthly, semi annual, quarterly
4 Kotak Life eTerm Life Min – 18 yrs

Max – 65 yrs

75 years Min : 5 years

Max : 40 years (75 – entry age)

25 Lacs Annual, monthly
5 Aditya Birla Capital DigiShield Plan Min –18 yrs

Max – 65 yrs

80 yrs Min : 5 years

Max : 40 years

30 lac 30 days Annual, monthly, Semi – annual, Quarterly

List of Health Insurance Companies in Karnataka

This article is about the insurance companies that provide Health insurance policies in Karnataka and you will provided information about the general eligibility criteria for having any one of these policies.

Active Assure – Diamond with Super NCB health plan provided by Aditya Birla Capital is first in the list. The monthly premium for the plan is Rs 1,087 and the total premiu payout is Rs 15,088. The plan has a network of 4000+ hospitals that provide you cashless hospitalization and there are 586 listed day care treatment under the plan.

Apollo Munich is next in the list and the plan name id Optima Restore. The total premium for the plan is Rs 15,514 which is divided into monthly premium of Rs 1,223. Medical expenses that occur after 180 days and before 60 days of hospitalization are covered under the plan. There is no coverage for the alternate medicine and all the day care treatments are covered under the plan.

Third in the list is the Individual Privilege plan which is provided by Univeral Sompe. Co. Ltd. There is a network of 3333 hospitals under the plan that provides you cashless hospitalization. For alternate medicine, coverage up to sum assured is permited. Home treatments due to condition of the patient or non availability of the hospitals are allowed. 141 listed day care treatments are there covered under the plan.

With a monthly premium of Rs 773, Royal Sundaram General Insurance is coming with the plan named LifeLine Supreme. The medical expenses that occur before 60 days and after 90 days of hospitalization are covered under the plan. There is a team of 4195 hospitals that are build together under this plan that provides you cashless hospitalization. And all the day care treatments are covered under the plan.

Bharti AXA is last in the list and the plan name is Smart Super Health Insurance Policy. Alternate medicine treatment up to sum assured is allowed under this plan. All the medical expenses up to sum assured that occurs before 60 days and after 90 days of hospitalization are covered under the plan. 130 day care treatments are listed under the plan. Also, there are 4300+ hospitals that provides cahsless hospitalization.

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. Aditya Birla Capital Active Assure – Diamond with Super NCB 5 lacs Maternity

Not covered

 

Hospital Room Eligibility

Single Private A/C Room

 

Bonus on No Claim

Rs 3 Lacs SI added (reduced on claim)/year

 

Restoration of Cover

Up to Rs 7.5 Lacs once a year

Rs 1,087 Monthly
2. Apollo Munich Optima Restore Rs 5 Lac Maternity

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
3. Universal General Insurance Co. Ltd. Individual Privilege Rs 6 Lacs Maternity

Upto Rs 25K for maternity after 3 years

 

Hospital Room Eligibility

All categories

 

Bonus on No Claim

Rs 60K SI added (reduced on claim)/year

 

Restoration of Cover

Up to Rs 6 Lacs once a year

Rs 773 Monthly
4. Royal Sundaram General Insurance LifeLine Supreme Rs 5 Lacs Maternity

Not covered

 

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

Rs 773 Monthly
5. Bharti AXA Smart Super Health Insurance Policy Rs 5 Lacs Maternity

Optional Cover available

 

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 1,115 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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