Insurance Companies in Maharashtra| List of Insurance Companies

Insurance Companies in Maharashtra| List of Insurance Companies –

List of Life Insurance Companies in Maharashtra

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

First in the list is ICICI Prudential Life Insurance. The plan name is iProtect Smart. This is available at a monthly premium of Rs 873. The annual premium for the same plan is 10,234 and in this you can also save Rs 5,808 over the policy. There are four payout options in this plan. One is Lumpsum payout with monthly premium of Rs 873, in which the entire benefit is given as single payout. Next is Regular Income at monthly premium of Rs 742, in which the benefit is divided in to monthly income for 10 years. Next is Increasing Income at premium of Rs 820 which provides increasing monthly income which increase at rate of 10% per years. Last is Lumpsum + Regular Income at Rs 808 monthly, 95% of benefit is given as one payout and rest in form of monthly income.

Next is the Aegon Life Insurance and the plan name is iTerm Plus. The monthly premium for this is Rs 860. To save Rs 12,644 on the policy, you can switch to annual premium mode, in which you need to pay Rs 9,884. There are four cover options in this plan. One is Life Benefit option, at premium of Rs 860 in which you get the death benefit and accidental death benefit. Next is Life Plus at Rs 878, along with previous two benefit there are waiver of premium in case of permanent disability and Terminal illness. Next is Life & Health benefit option, at Rs 1,018 coming with critical illness benefit for 10 critical illnesses. last is the Life and Health Plus at Rs 1,082. In this you will get the death benefit, terminal illness benefit and critical illness benefit that covers 36 critical illnesses.

Kotak Life is last in the list and the plan name is e-Term Plus. The monthly premium for this is Rs 927. There are 3 add on to this plan. One is Accidental death benefit rider which is at premium of Rs 389 for a pay term of 24 years. The Rider sum assured is Rs 75 Lac in this. Next is Enhanced critical illness with premium of Rs 658 at the same pay term of Rs 24 years and the sum assured bracket is Rs 25K and 50 Lac. Last one is waiver of premium and the premium is Rs 23 for a pay term of 24 years. There is three payout options which are Immediate payout, Level Recurring payout, Increasing payout. Also, there is all income tax benefit under the income tax act 1961 and section 10D and 80C.

Now, it is HDFC Life and the plan name 3D plus Life long protection option. The total yearly premium for this Rs 84,840 and the monthly premium for this Rs 7,296. You can go for one of the four add on in this plan and the add on are WOP on critical illness, Critical illness, Accidental disability, cancer care. There is Life stage protection , in which you can increase the basic cum assured. There is online claim assistance which any one can choose. The plan is best in its line that provides you a number options to get the covers of your own interest and as per your family requirements.

DHFL Pramerica is last in the list. The plan name is Flexi e-Term. The plan is coming with the following choose options – Death, Accidental death, Terminal illness and critical illness. The plan is coming to you at affordable cost. Also, you can make a choice for the benefit pay – outs option like Fixed or increasing and Lump sum or staggered. You can also opt for increasing the life cover if you want at any stage in your life. There are options like accidental death benefit, terminal and critical illness options. At the same time you can also avail the tax benefit in this plan under the Income tax act 1961, section 80C and 10D.

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 Prudential Life Insurance iProtect Smart Minimum : 18 Years; | Maximum 60 Years 75 years Minimum: 5 Years

Maximum: 30 Years for Critical illness/ 40 years

75 Lac 30 days Annual, Half – yearly, monthly, single
2 Aegon Life Insurance iTerm Plus Minimum : 18 years last birthday;

Maximum : 65 years last birthday

Maximum – 80 years last birthday 65 years less Entry Age

70 years less Entry Age

75 years less Entry Age

80 years less Entry Age

Sum Assured Death Benefit – Rs. 25,00,000

Accidental Death Benefit – Rs. 50,000

Critical Illness Benefit – Rs. 5,00,000

Annual, Half Yearly and Monthly
3 Kotak Life

 

e-Term Plus Min : 18 years, Max: 65years 75 years Min 5 yrs, Max (40 yrs or 75 yrs – Entry Age) 25 Lac Annual, Monthly
4 HDFC Life 3D Plus life long protection option Minimum: 18 years

Maximum: 65 years

Minimum: 23 years

Maximum: 75 years

Single , Regular Pay – 5 yrs & Limited Pay : 6 Yrs, Max: 40 Years Min: 10 Lacs, For ROP: 30 Lacs; Max: No Limit  30 days Single, Annual, Half Yearly, Quarterly, Monthly
5 DHFL Pramerica Life Insurance Flexi e-Term Minimum : 18 Years;

Maximum : For regular pay option – 65 years

For 60 Years less Age at entry option – 50 years

75 years 25 Lac (Base sum assured) Subject to underwriting Annual, Monthly

List of Health Insurance Companies in Maharashtra

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

Religare health insurance is first in the list with the plan name is NCB Super Premium at a monthly premium of Rs 1,165 and total premium of Rs 16,021. There is a network of 4900+ hospitals in this plan that provides you cashless hospitalization option. All the day care treatment are covered under this plan. This plan is not coming with the maternity and infertility coverage with this.

Max Life Insurance is next in the list and the plan name is Go Active. This is coming with affordable monthly premium of is 1,318 and the total premium is Rs 17,859. Treatment expenses that occurs 90 days before and 180 days after the hospitalization. 3474 hospitals are listed there that provide cashless hospitalization and with this all the day care treatments are covered in the plan.

Health Optima is next in the list and Star Health Insurance is coming with this plan. All the day care treatments are listed there under the plan for which the coverage is provided. Also, there is provision for the expenses that occurs before and after hospitalization. This is 90 days after hospitalization and 60 days before. The hospitals list that provide cashless hospitalization is 8200+ in this plan.

Cigna TTK is next in the list and the plan name is Prohealth Plus SB02. Cigna has a list of 5023 hospitals that provide you cashless hospitalization. Also, there is 171 hospitals that are covered under the plan. There is a coverage of Rs 15K for normal delivery and 25K for caesarean provided there is waiting period of 4 years.

Apollo Munich is the list ender here. The plan name id Optima Restore and the premium to be paid monthly is Rs 1,188 here with the total premium of Rs 16,291. There is a list of 4105 hospitals that provide cashless hospitalization. All the day care treatment are covered under the plan. Again maternity and infertility treatment are covered 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. Religare Health Insurance NCB Super premium 6 lacs Maternity

Not covered

 

Hospital Room Eligibility

Single private room

 

Bonus on No Claim

Rs 3.6 Lacs SI added (reduced on claim)/year

 

Restoration of Cover

Up to Rs 6 Lacs once a year Once a year

Rs 1,165 Monthly
2. Max Life Insurance Go Active Rs 5 Lac Maternity

Not covered

 

Hospital Room Eligibility

All categories (except suite and above); upto SI

 

Bonus on No Claim

No benefit for not making claims

 

Restoration of Cover

Up to Rs 5 Lacs once a year

Rs 1,318 Monthly
3. Star Health Insurance Health Optima Rs 5 Lacs Maternity

Not covered

 

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)

Rs 1,172 Monthly
4. Cigna TTK Prohealth Plus SB02 Rs 5.5  Lacs Maternity

Upto Rs 15K for maternity after 4 years

 

Hospital Room Eligibility

Up to single private room

 

Bonus on No Claim

Rs 55K SI added/reduced per year

 

Restoration of Cover

Up to Rs 5.5 Lacs once a year

Rs 1082 Monthly
5. Apollo Munich Optima Restore Rs 5 Lacs 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 1188 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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