A Consumer’s Guide to Health Insurance

types of health insurance products. Some of the major companies that provide health insurance are Life Insurance Corporation of India, National Insurance India, New India Assurance India, United India Insurance India, Oriental Insurance India, Reliance General Insurance India, STAR Health Insurance India, ICICI Lombard General, Bajaj  Allianz  General Company, TATA AIG General Insurance, HDFC CHUBB General Insurance, IFFCO Tokyo General Company, Royal Sundaram General, Cholamandalam General, etc. Various companies are offering different types of benefits to consumers such as hospital cash befit, major surgical benefit, domiciliary treatment benefit, benefit at the end of the policy term, death benefit, cashless transaction, etc. The rates of premium payable, the quantum of benefit admissible, etc also vary in each case. Therefore, the consumers must compare the health insurance plans of various insurance companies before deciding on the plan that is best suited. All the details of benefits offered by the various companies are available in their respective web sites.

Life Insurance Corporation of India, a state sector company, has launched a new health insurance plan named ‘Health Protection Plus’. It is  a unique long-term health insurance plan that can combine health insurance cover for the entire family and offers benefits such as hospital cash benefit, major surgical benefit and domiciliary treatment benefit/out-patient department expenses for the insured