Insurance Companies in Kerala| List of Insurance Companies

Insurance Companies in Kerala| List of Insurance Companies

List of Life Insurance Companies in Kerala

In this article we are providing information about some of the Life insurance policies in Kerala. Along this , you will also be provided with the information about basic eligibility criteria for these policies.

Let’s begin the List with the LIC Life insurance and the plan name is e-Term. This plan is available only with the annual premium mode. And the premium for the plan is Rs 16,088. In case of unfortunate death of the life insured, the sum assured would be payable to the nominee. Also, the premiums that are paid in this and all the benefits that would be received are eligible under the Income tax section 10D and 80C, in the Income tax act 1961. There would be a online discount of 8% on the first premium which is further carried away to 6%, 4%, 2% and 2% for the subsequent premium, Maximum discount of Rs 3,000 is allowed.

Exide Life insurance is coming with its plan named Elite Term Insurance plan. Annual premium for the plan is Rs 10,738. You can get less premium in this plan, if you are leading a healthier life. For this you need to go through the medical examination. You can get preferential premium rates if you are do not consume tobacco or smoke. There is super Elite premium rates for those whose medical examination turns out as according to the underwriting policy. For females, comparatively lower premium rates are applicable. There are three payout options in this plan. One is Lumpsum, second is the Lumpsum family income benefit and the last is Family income benefit.

Next is TATA AIA and the term plan is Sampoorna Raksha. This is available at a monthly premium of Rs 930. With a policy term of 40 years the plan provides you a longer protection of 80 years. Also, you will get all the tax benefit over the paid premiums and the sum assured as per the section 80C and 10D of Income Tax act 1961. There are various payout ways. One is the Sum assured on death as Lumpsum and sum assured on death as lumpsum and monthly income. Other one is the Enhanced Sum assured on death as Lumpsum and Enhanced sum assured on death as Lumsum and monthly income. There is choice between regular and the limited premium payment term. For non smokers and females, the plan is coming with the lower premium rates.

Canara HSBC OBC is coming with its plan named iSelect. The monthly premium for this plan is Rs 707. Annual premium payment mode is also available in which you need to pay Rs 7,858 and you can also save Rs 15,024 over this annual mode. The sum assured will be paid to the nominee in case of the unfortunate death of the Life insured. Accidental death benefit is there that covers the life insured against the accidental death. And in case death due to accident, 100% of the Rider cover amount would be paid. The premium for this is Rs 212 and the pat term would be 24 years.

Kotak Life is the last in the last in the list. This is coming with the plan named e-Term. The monthly premium for the plan is Rs 927 and the annual premium for this is Rs 10,532. In the annual mode, you also save a sum of Rs 14,208. There are three add on with this plan. One is Accidental Rider Benefit Rider, in which the premium is Rs 389 and the sym assured is 75 Lacs. Other one is Enhanced critical illness, the premium is Rs 658 with a policy term of 24 years. Rs 25K is the minimum sum assured in this and Rs 50 Lac is the maximum assured. Last is waiver of premium with premium of Rs 23.

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 LIC eTerm Insurance Plan Minimum: 18 years

Maximum: 60 years

75 years Min : 10 years

Max : 35 years

25 Lac 30 days Annual
2 Exide Life Insurance Elite Term Insurance plan Minimum: 21 years

 

Maximum: 60 years

70 years for Regular Pay & 80 years for Extended Pay option Single Pay: 5 to 35 years

Regular Pay: 10 to 35 years

Extended Term: Regular Pay + 5 years or + 10 years

50 Lacs 1.5 Cr 30 days for other premium mode, 15 days for monthly premium mode Annual
3 TATA AIA

 

TATA Sampoorna Raksha Minimum: 18 yrs

For Regular Pay – 70 years

For Limited Pay 5 – 70 years

For Limited Pay 10 – 65 years

Min : 28 years

Max : 80 years

Regular pay/ Limited pay 5 years – 10 to 40 years

Limited pay 10 years – 15 to 40 years

50 Lacs No limit subject to board approved underwriting policy Annual/ Half-yearly/ Quarterly/ Monthly
4 Canara HSBC OBC iSelect Min : 18 years

Max: 70 years

80 years Min : 5 years

Max : 40 years

25 Lacs  30 days Annual, monthly
5 Kotak Life e-Term Plus Minimum : 18 Years; | Maximum : 65 years 75 years Min 5 yrs, Max (40 yrs or 75 yrs – Entry Age) 25 lac Annual, Monthly

List of Health Insurance Companies in Kerala

In this article we are providing information about some of the Health insurance policies in Kerala. Along this , you will also be provided with the information about basic eligibility criteria for these policies.

Let’s start the list with the Optima Restore plan of the Apollo Munich. The monthly premium for the plan is Rs 1,123 and the total premium to be paid out is Rs 15,812. The medical expenses that occurs 60 days before and 180 days after the hospitalization are covered in this plan. 4105 hospitals are there that provide cashless hospitalization and all the day care treatments are covered under the plan.

Next in the list is the Health Guard family floater which is provided by Bajaj Allianz. The maternity expenses up to Rs 15L in case of the normal delivery and Rs 25K in case of caesarean is allowed with a waiting period of 6 years before claim is accepted. 130 day care treatments are listed there that are covered under the plan. With this there is 5700+ hospitals that provide cashless hospitalization.

Reliance General Insurance is next in the list and the health plan name is Health Gain. The total premium for this plan is Rs 15,034 and this is divided in the monthly premium of Rs 1,058. Medical expenses that occurs 60 days before and after hospitalization are covered under the plan. 1400 hospitals are there that provide cashless hospitalization and 172 day care treatments are also there that are covered under the plan.

Next let’s move towards the Elite health insurance plan provided by Liberty General insurance. Medical expenses that occur 60 days before and 90 days after the hospitalization are covered under the plan. 3600 hospitals are there that are connected to the plan that provide cashless hospitalization. With this all the day care treatment are there that are covered under the plan.

In the end its Kotak General Insurance and the plan name is Kotak Health care. Infertility and maternity treatments are not covered under the plan. 150 listed day care treatments are there that are covered under this plan. Also, there is more than 4000 hospitals that are registered under this plan, you can choose any one of them and can have the cashless 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 Policy Entry Age Maturity Age Policy Term Minimum Sum Assures Maximum Sum Assured Survival Period Premium Payment Frequency
1 LIC eTerm Insurance Plan Minimum: 18 years

Maximum: 60 years

75 years Min : 10 years

Max : 35 years

25 Lac 30 days Annual
2 Exide Life Insurance Elite Term Insurance plan Minimum: 21 years

 

Maximum: 60 years

70 years for Regular Pay & 80 years for Extended Pay option Single Pay: 5 to 35 years

Regular Pay: 10 to 35 years

Extended Term: Regular Pay + 5 years or + 10 years

50 Lacs 1.5 Cr 30 days for other premium mode, 15 days for monthly premium mode Annual
3 TATA AIA

 

TATA Sampoorna Raksha Minimum: 18 yrs

For Regular Pay – 70 years

For Limited Pay 5 – 70 years

For Limited Pay 10 – 65 years

Min : 28 years

Max : 80 years

Regular pay/ Limited pay 5 years – 10 to 40 years

Limited pay 10 years – 15 to 40 years

50 Lacs No limit subject to board approved underwriting policy Annual/ Half-yearly/ Quarterly/ Monthly
4 Canara HSBC OBC iSelect Min : 18 years

Max: 70 years

80 years Min : 5 years

Max : 40 years

25 Lacs  30 days Annual, monthly
5 Kotak Life e-Term Plus Minimum : 18 Years; | Maximum : 65 years 75 years Min 5 yrs, Max (40 yrs or 75 yrs – Entry Age) 25 lac Annual, 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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