Insurance Companies in Telangana| List of Insurance Companies

Insurance Companies in Telangana| List of Insurance Companies

List of Life Insurance Companies in Telangana

This article is about the Insurance companies that are present in Telangana. Here, you will be provided information about some of the insurance policies and there basic criteria in Telangana.

The very first life insurance policy in the list is iProtect smart which is provided by ICICI Prudential Life Insurance. This is available at a monthly premium of Rs 921 and the yearly premium for the same is Rs 10,795. In the annual premium mode, you can also save a sum of Rs 6,168. There are for flexible payout options under the plan. One is Lumpsum payout in which the entire benefit is paid as one payout. Second is Regular income, in which the payout is given as monthly income. Another is Increasing income. In this the payout is increased monthly by simple interest of 10%. Last is Lumpsum + regular Income. In this 95%  of the amount is paid as a single payout and the rest as monthly income.

Now it’s time for the Aegon Life Insurance’s plan named iTerm plus. There are four options under this plan. One is Life benefit option available in Rs 860. In this you will get the Death benefit and accidental death benefit. Next is Life plus benefit option which is available at Rs 878 and this provides you Terminal illness benefit and waiver of all the future premium in case of permanent disability along with the death and Accidental benefit. Next is Life and health available at easily monthly premium of Rs 699. In this you will get death benefit, critical illness benefit and terminal illness benefit. Last is the Life and health plus available at premium of Rs 731. In this you can death benefit, terminal illness benefit and critical illness benefit that cover 36 critical illnesses.

Max Life Insurance is third in the list and the plan name is Online term plan. This is done at monthly premium of Rs 854 and the yearly premium for the same is Rs 9,682. In the annual mode you can save a sum of Rs 13,584. This plan offers the best protection offer up to the 50 years and this is best in its class. At the same time, plan is also affordable to your pocket and you can also enjoy all the tax benefit that are provided under the Income tax act 1961 section 80C and 10D. This can be a good option for you.

Kotak Life is coming with its insurance plan named eTerm Life. Monthly premiums for the plan is Rs 1090. You can also save Rs 21,390 on the same policy by switching to annual premium mode which is Rs 12,390. There are three payout options. These are immediate payout, Level recurring payout and Increasing payout. You can also request to lower your sum assured in this policy and depending over this, the premium can be recalculated. Thus, you can lower the burden of the premiums.  You can have longer protection options which are Life option, Life Plus option and Life secure option.

Last in the list is the Exide Insurance Plan. The plan name is Elite term insurance plan. There is only annual mode of premium and the premium is Rs 8682. By giving a medical examination, you can enjoy lower premium rates if you are enjoying a healthy life. There are preferential premium rates for the non- smokers and who does not consume tobacco. There are super Elite premium rates, if the medical examination turns out to be as per the written rules of the policy. Also, you can get the tax benefits 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 iProtect Smart Minimum: 18 years

Maximum: 60 yrs

Max : 75 years Min : 5 years

Max : 40 years (30 years for critical illness)

 

30 days Annual, monthly, single, half yearly
2 Aegon Life iTerm Plus Minimum: 18 years

 

Maximum: 65  years

80 years 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, monthly
3 Max Life Insurance

 

Online Term plus Minimum: 18 yrs

Maximum : 60 yrs

85 yrs Min : 10 years

Max : 50 years

25 Lac 30 days Annual, monthly, semiannual, quarterly
4 Kotak Life eTerm Life Min – 18 yrs

Max – 65 yrs

75 years Min : 5 years

Max : 40 years or 75 – entry age

25 Lacs Annual, monthly
5 Exide Life Insurance Elite Term Insurance plan Min –21 Years and Max – 60 years 75 yrs for Regular pay and 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 lac 1.5 cr 15 days for monthly and 30 days for other mode Annual

List of Health Insurance Companies in Telangana

Here, you will be briefed about some of the health Insurance policies in Telangana. The basic policies information is given here.

Max health Insurance is first in the list. The plan name is Go Active. This is available at monthly premium of Rs 973. The total premium for the plan is Rs 13,154. This plan covers the medical expenses that occur before 90 days and after 180 days of hospitalization. There is a network of 3474 hospitals that provide cashless hospitalization to you.

Next is the HDFC ERGO Health Suraksha Gold with Regain and ECB. Total premium for the plan is Rs 15,761 which is divided into monthly premiums of Rs 1190. There is maternity coverage in this plan which is up to Rs 15K for the normal delivery and Rs 25K for caesarean with a waiting period of 4 years. A network of more than 6400 hospitals is there which provide cashless hospitalization.

Apollo Munich is coming with its plan named Optima restore. At a monthly premium of Rs 1123, the plan gives you a sum assured of Rs 5 Lac. Hospitals expenses that occur before 60 days and after 180 days of hospitalization are covered under the plan. All the day care treatments are also covered under the plan.

At a very economical monthly premium of Rs 773, Universal Sompe general insurance co. Ltd. Is coming with its health plan named Individual Privilege. There is a network of 3333 hospitals that provide cashless hospitalization and 171 day care treatments that come under the plan. Maternity expenses up to 25K in case of normal delivery and 50k in case of Caesarean are permitted provided the waiting period is 3 years long.

Let’s end the list with Royal Sundaram General Insurance. The plan name is Lifeline Supreme. The total premium for the plan is 11,778 which is divided in monthly premiums of Rs 858. There is a network of 4195 hospitals under the plan that provide cashless hospitalization and all the day care treatments 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. Max Health Insurance Go Active 5 lacs 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 973 Monthly
2. HDFC ERGO HEFC suraksha gold regain and ECB Rs 5 Lac 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

Rs 1190 Monthly
3. 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 1123Monthly
4. Universal Sompe 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
5. 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 858 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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