Insurance Companies in Madhya Pradesh

Insurance Companies in Madhya Pradesh| List of Insurance Companies –

List of Life Insurance Companies in Madhya Pradesh

In the below section, you will be provided information about some of the insurance policies in Madhya Pradesh. This will help you to get brief criteria about these policies.

The very first in the list is Max Life Insurance and the plan name is Online Term Plan Plus. This is one of the best online insurance plan which is available in this category and also economical at the same time. The plan is available at monthly premium of Rs 791. At the same time, this plan offers you to save a sum of Rs 13,468 on the plan. Fir this you need to go for the yearly premium mode and you need to pay Rs 8,974 in this. There are three cover options in the plan. One is the Life cover at premium of Rs 724, in which sum assured would be payable on the death. Second is the monthly income at premium of Rs 950, in which along with the sum assured there would be monthly income for 10 year which would be completely tax free. Last one is increasing income at monthly premium of Rs 1044.

Second one in the list is TATA AIA Life plan named TATA iRaksha TROP. For this plan, monthly premium is not available. The yearly premium is Rs 18,340.  In this plan, in case of unfortunate death of the life insured, one time payout would be given to the family. And in case the life insured do not die during the policy tenure, the entire paid premium till then will be paid off. There would be life coverage up to the age of 75 years or the policy term which is 30 years long. For non-smokers there will be preferential rates for the premiums. Also, if the life insured commits suicide within 12 months from the date of commencement of the policy, the nominee will get the total paid premiums, provided the policy is in force.

Future General Total Insurance Solutions is third one in the list and the plan name is Flexi Term Plan – Increasing income. The monthly premium for the plan is Rs 977. And the yearly premium for the same plan is Rs 11,290. In the yearly premium mode, you also save a sum of Rs 17,524. Here Rs 948 is the basic premium and Rs 49 is for the Accidental death protection. The Rider sum assured in this is Rs 50K which is the minimum limit and Rs 41.13K which is the maximum limit. In case of death of the sum assured, an increasing income would be paid to the nominee to take care of their life expenses.

Now you will briefed about the Aviva life insurance plan name iTerm Smart. The plan is economical with a monthly premium of Rs 651 and the yearly premium is Rs 7472 and in this yearly premium mode, you can also save a sum of Rs 8840 over the policy. There is one add on available for the plan which is Critical illness and disability Rider for which the premium is Rs 455 and the pay term would be 26 years long. The minimum sum assured for this is Rs 5 lac and the maximum sum assured is Rs 50 Lac. The Life coverage can be enhanced with the help of Life stage coverage and for this you need not to go through any of the medical examination.

Let’s end the list with the Mera term plan provided by PNB Metlife. The plan is available at a monthly premium of Rs 807. In this 731 is the base premium and Rs 76 is for the accidental death Rider benefit. If the death occurs during the policy term, life cover which is the sum assured would be paid to the nominee. The plan also provides you all the income tax benefits under the section 10D and 80C of Income tax act 1961.

Following is the table that contains the details about the eligibility criteria of the above-mentioned policies.

Sr. NoCompany’s NameCompany’s PolicyEntry AgeMaturity AgePolicy TermMinimum Sum AssuresMaximum Sum AssuredSurvival PeriodPremium Payment Frequency
1Max Life InsuranceOnline Term PlusMinimum: 18 years   Maximum: 60 yrs 85  yrsMin : 10 yrs   Max : 50 yrs 25 lacs–     30 daysAnnual, monthly, semiannual, quarterly
2TATA AIA LifeiRaksha TROPMinimum: 18 years     Maximum: 65 years 75 yrsMin : 10 yrs   Max : 30 yrs 50 Lacs30 daysAnnual, half yearly
3Future general total insurance solutions     Flexi Online TermMinimum: 25 yrs   Maximum : 55 yrs 65 yrsMin : 10 yrs   Max : 65 yrs – entry age 2.1 Cr30 daysAnnual
4Aviva Life InsuranceiTerm SmartMin – 18 yrs   Max – 65 yrs 80 yrs (Without Rider) & 70 yrs (With Rider)10 -62 yrs (Without Rider)   5- 62 years (With Rider)  75 Lac25 Cr15 days for monthly premium mode and 30 days for rest of the payment modeAnnual, half yearly, monthly
5PNB MetlifeMera Term planMin – 18 Years and Max – 65 years99 yrsMin : 10 yrs   Max : 99 yrs – age 10 LacAnnual, Monthly

List of Health Insurance Companies in Madhya Pradesh

In the below section, you will be provided information about some of the Health insurance policies in Madhya Pradesh. This will help you to get brief criteria about these policies.

Let’s open the list with the Kotak General insurance health care plan named Kotak health care – Premium which is available at a monthly premium of Rs 1205. This plan has 4000+ listed hospitals that provide you cashless hospitalization. The medical expenses up to the sum assured that incurred before 30 days to hospitalization or after 60 days would be paid off.

United Insurance is coming with its plan named family Medicare 2014. There are 35 listed day care treatments under the plan. There is a network of 3700+ hospitals that provide you cashless hospitalization under this plan. Hospital room with expenses up to Rs 6K per day are available in this plan.

Third in the list is the Iffco Tokio general insurance with its plan named Family health protector. The plan is available at a monthly premium of Rs 1266. Yearly health checkups are covered under the plan with some term and conditions. Also there is a network of 4000+ hospitals in the plan that provides you cashless hospitalization and 121 listed day care treatments.

Next in the list is Max Health Insurance. The plan name is Health Companion. This is available at easily monthly premium of Rs 1053. There is a huge network of 3474 hospitals that offers the health insured cashless hospitalization and all the day care treatments would be served under this plan. Before 30 days and after 60 days of hospitalization all the expenses will be covered under the plan.

Last in the list is Optima Restore health care plan provided by Apollo Munich. At a monthly premium of Rs 1123, plan offers you a sum assured of Rs 5 Lacs. Medical expenses before 60 days and after 180 days of hospitalization are covered under the plan. All the day care treatment is covered in this. Also there is a list of 4105 hospitals that offers cashless hospitalization.

Following is the table that contains the details about the eligibility criteria of the above-mentioned policies.

Sr. No.Company’s NameCompany’s PlanSum InsuredKey FeaturesPremium
1.Kotak General InsuranceKotak health care – Premium (including optional pack 1)5 lacsMaternity   Optional cover for maternity benefit   Hospital Room Eligibility All categories   Bonus on No Claim Rs. 50 K SI added (reduced on claim)/year   Restoration of Cover Not available Rs 1205 Monthly
2.United India InsuranceFamily Medicare 2014Rs 6 LacMaternity   Not covered   Hospital Room Eligibility Up to Rs 6K/day   Bonus on No Claim Not available   Restoration of Cover Not available Rs 1,138 Monthly
3.IFFCO TOKIO General InsuranceFamily Health ProtectorRs 6 lacsMaternity   Not covered   Hospital Room Eligibility Up to Rs 7500/day   Bonus on No Claim Rs 3K SI added (reduced on claim)/year   Restoration of Cover Once a year Rs 1266 Monthly
4.Max Health InsuranceHealth CompanionRs 5 LacsMaternity   Not covered   Hospital Room Eligibility All categories(except suite and above); upto SI   Bonus on No Claim Rs 1 Lac incremental cover/year   Restoration of Cover Up to Rs 5 Lacs once a year Rs 1053 Monthly
5.Apollo Munich Health InsuranceOptima Restore     Rs 5 LacsMaternity   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

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