Insurance Companies in Tamil Nadu| List of Insurance Companies

Insurance Companies in Tamil Nadu| List of Insurance Companies

List of Life Insurance Companies in Tamil Nadu

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

Let’s begin the list with Max Life Insurance. The plan name is Online Term Plus. This plan is available at monthly premium of Rs 787 and the annual premium for this is Rs 8,939. In the annual premium mode you also save a sum of Rs 12,120. There are three cover options in this plan. One is Life cover in which the life cover (Sum assured) will be paid to the nominee in case of the unfortunate death of the Life Insured. Next is monthly income which is available at Rs 1036, in this the 100% sum assured is paid in the form of monthly income which is 0.4% of the sum assured for 10 years. Last is the Increasing income at Rs 1137, in this the sum assured is paid in the form of monthly income which increases at rate of 10% per year without increase in premium.

Zindagi Plus is next in the list. The plan name is also Zindagi Plus. This plan is available at monthly Rs 670 and the annual premium for the same policy is Rs 7615 and you can also save a sum of Rs 10,200 over the policy by adopting the annual premium mode. An amount which is equal to the sum assured is paid to the nominee in case of the unfortunate death of the Life Insured. Also, this policy provides you maximum protection up to the age of 80 years. The premium are also low in this plan and the premium paid, sum assured comes under the Income tax rule 1961 section 10D and 80C.

Canara HSBC OBC is coming with its plan named iSelet. This is available at monthly premium of Rs 707 and the yearly premium mode is also available in this plan. For this, you need to pay Rs 7,858. One of the benefit of this annual premium mode is that in this you can save a sum of Rs 15,024. There is one add on over this plan. This is Accidental death benefit Rider which is available at Rs 212 and the Rider sum assured is Rs 39.9 Lacs for a policy term of 24 years. With the help of Life Protection plan you can also increase the coverage amount and for this you need to go from any medical examination. There is online claim assistance which is provided to the nominee at a toll free number by a dedicated team of claim handlers.

Let’s move toward the Aviva Life Insurance. The plan name is iTerm Smart. The plan is available at easily affordable premium of Rs 709 monthly. The annual premium for the same is Rs 8,140. There is also reduction of Rs 8,832 over the complete premium which you choose the annual premium mode. There is add on with the plan which is critical illness and disability rider, available at monthly premium of Rs 502 for a policy term of 24 years. The sum assured bracket in this is Rs 5 Lac and Rs 50 Lac. Also, the policy provides you provision to have the longer protection of 80 years with policy term of 62 years.

Last in the list is TATA AIA. The plan name is Sampoorna Raksha. This plan is coming at monthly premium of Rs 930 for a pay term of 24 years with sum assured of Rs 75 Lacs.  The plan provides you life protection of 80 years with policy term of 40 years. There is two premium payment tem of 5 years and 10 years.  With the help of optional rider, you can also enhance your protection. In case of the higher coverage there is large sum assured discount. The policy comes provides all the tax benefits that comes under the Income tax act 1961 section 10D and 80C. Also, you can also find all the details about the policy online.

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 Max Life Insurance Online Term Plus Minimum : 18 Years; | Maximum 60 Years 85 years Minimum:  10 Years

Maximum: 50 years

25 Lac 30 days Annual, Half – yearly, monthly, quarterly
2 Zindagi plus + Zindagi Plus Min : 18 years, Max: ‘Life Cover with Level Sum Assured’ – 65years, 50years for ‘Pay till 60’,‘Life Cover with Decreasing Sum Assured’ – 55years, 50years for ‘Pay till 60’ ‘Life Cover with Level Sum Assured’ – 28 – 80yrs for Regular, 65 – 80yrs for ‘Pay till 60’,‘Life Cover with Decreasing Sum Assured’ – 65 – 80yrs Min : 10yrs for regular pay and 15yrs for ‘Pay till 60’; Max : 62 yrs Min: 50 lakhs, if Better Half Benefit, Top Up Benefit or Life Stage Benefit is selected;25 lakhs for all other scenarios Max: No Limit, subject to Board approved underwriting policy. 15 days for monthly premium mode and 30 days for other premium mode Yearly, Half Yearly, Quarterly & Monthly
3 Canara HSBC OBC

 

iSelect Min : 18 years, Max: 70 years 80 years Min 5 yrs, Max : 40 yrs 25 Lac Annual, Monthly
4 Aviva Life Insurance iTerm Smart Minimum: 18 years

Maximum: 65 years

80 Yrs (Without Rider) & 70 Yrs (With Rider) 10 to 62 Yrs (Without Rider) & 5 to 52 Yrs (With Rider) 75 Lac 25 Cr  30 days Annual, Half Yearly, Monthly
5 TATA AIA TATA Sampoorna Raksha Minimum : 18 Years;

Maximum : For Regular Pay – 70 years

For Limited Pay 5 – 70 years

For Limited Pay 10 – 65 years

Minimum : 28 years

Maximum : 80 years last birthday

Regular Pay / Limited pay 5 years : 10 to 40 years

Limited pay 10 years : 15 to 40 years

50 Lac No limit Subject to board approved underwriting policy Annual/ Half-yearly/ Quarterly/ Monthly

List of Health Insurance Companies in Tamil Nadu

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

HDFC ERGO is first in the list and the plan name is Health Suraksha Gold With Regain and ECB. The total premium for the policy is Rs 16,322 which is divided into the monthly premium of Rs 1,190. There is a list of 6400+ hospitals that provide cashless hospitalization and 144 day care treatment are listed in the policy for which the coverage is provided. The plan does not provide any maternity claim and for this there can be add on.

Royal Sundaram General Insurance is next in the list and the plan name is LifeLine Supreme. This is available at monthly premium of Rs 873. Medical expenses that occurs 90 days after and 60 days before to Hospitalization are covered in this plan. There are 4195 hospitals that are listed in this plan for which you can get the complete coverage. This plan also not including the maternity and infertility coverage.

TATA AIG is coming with its plan named Mediprime. The total premium to be pay out for this policy is Rs 15,634 and this is divided into monthly premium of Rs 1,133. The plan provides you coverage for the alternate medicine which is up to Rs 25K. With this there is a network of 1985 hospitals that provides you cashless hospitalization. There are 140 day care treatment that are covered under the plan.

Let’s move towards the Bajaj Allianz. The plan name is Health Guard Family Floater. With a monthly premium of Rs 975 , the plan provides you a sum assured of Rs 5 Lacs. The maternity coverage is Rs 15K in case of normal delivery and Rs 25K in case of caesarean provided there is waiting period of 6 years. 5700+ hospitals are connected to the plan that provides cashless hospitalization and 130 listed day care treatment.

Let’s end the list with Health Gain plan provided by Reliance General Insurance. This is coming at easy monthly premium of Rs 1058. Medical expenses that occurs before 60 days and after 90 days of hospitalization are covered under the plan. 4000+ hospitals are there that provides you cashless hospitalization and also there is 172 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
1. HDFC ERGO Health Suraksha Gold with Regain and ECB 5 lacs Maternity

Upto Rs 15K for maternity after 4 years

 

Hospital Room Eligibility

All categories

 

Bonus on No Claim

Rs 50K SI added (reduced on claim)/year

 

Restoration of Cover

Up to Rs 5 Lacs once a year

2. Royal Sundaram General Insurance LifeLine Supreme Rs 5 Lac 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

3. TATA AIG Mediprime Rs 5 Lacs Maternity

Not covered

 

Hospital Room Eligibility

All categories

 

Bonus on No Claim

Rs 50K SI added (reduced on claim)/year

 

Restoration of Cover

Not available

4. Bajaj Allianz Health Guard Family Floater Rs 5  Lacs Maternity

Upto Rs 15K for maternity after 6 years

 

Hospital Room Eligibility

All categories

 

Bonus on No Claim

Rs 50K SI added (reduced on claim)/year

 

Restoration of Cover

Up to Rs 5 Lacs once a year

5. Reliance General Insurance Health Gain Rs 6 Lacs Maternity

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

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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