Insurance Companies in Bihar

Insurance Companies in Bihar| List of Insurance Companies –

List of Life Insurance Companies in Bihar

Here we are going to give brief detailing about the 5 policies in Bihar. The entry age, maturity age, pay term, sum assured, etc. are given in the table.

First in the list is the TATA AIG life insurance plan named Sampoorna Suraksha. The plan provides you safety, security and financial protection to your family members even after your death. Monthly premium for the plan is Rs 852. In yearly subscription, the premium is Rs 9647 and you also save a sum of Rs 14,425 over the policy. There is life cover up to the age of 80 years with a policy term of 40 years. Tax benefit are also applicable as per the Income tax act 1961 section 80C and 10D.

Next in the list is the Kotak Life plan named e-Term. Plan is available at monthly premium of Rs 1246 and the yearly premium for this is Rs 14160 and in this you can save Rs 19800 over the policy. There are three payout in the policy. One is immediate payout in which the sum assured will be paid immediately on the death of the life insurer and the policy terminate. Second is Level recurring payout. In this 10% of the sum assured would be paid as lump sum and rest in the form of monthly salary over 15 yrs. Last is increasing payout in which the 15 yrs salary gets increase at rate 0f 10% monthly.

Let’s move forward to DHFL Pramerica life insurance. The plan name is e-Term. You can enrol this policy at a monthly premium of Rs 1140. To save Rs 25300 over the policy, you can switch to the yearly plan in which you need to pay Rs 12,668 yearly. The plan covers the options like Death, Accident death, Terminal illness and Critical illness. In case of diagnosis of 35 critical illnesses there is extended coverage with a lump sum payout.

Second last in the list is the Elite Term insurance plan provided by Exide Life Insurance. This policy not having the monthly premium. Only yearly premium is available which is Rs 10,377. By undergoing a medical examination, you can enjoy the lower premium rates in this plan. Preferential premium term is available if you do not smoke or consume tobacco. You can also eligible for the Super Elite premium rates if your medical examination turns out as per the underwriting guidelines. For females also there are lower premium rates. This is one of the various life insurance plans available at this time and also has economical premiums.

Let’s end the list with the IDBI Federal Life Insurance co. Ltd. The plan name is iSurance Flexi Lump sum plan. At a easy economical monthly premium of Rs 1013, the plan is available. The yearly premium for the same plan is Rs 11,251 and with this you also save Rs 22,625 over the plan. There is add on to the plan which is Accidental death benefit. The premium for this is Rs 234 and pay term is 25 years. The sum assured is Rs 49 Lacs (Appox) in this add on.

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
1TATA AIATATA Sampoorna RakshaMinimum: 18 years   Maximum: For Regular pay/ For limited pay 5 – 70 yrs For limited pay 10 – 65 yrs Min : 28 yrs   Max : 80 yrs Regular pay / Limited pay 5 – 10 to 40 yrs   Limited pay 10 years – 15 to 40 yrs 50 lacsNo limit subject to board approved underwriting policy     Annual, monthly, half yearly, Quarterly
2Kotak Lifee-Term planMinimum: 18 years     Maximum: 65 years   75  yearsMin :5 yrs   Max : 40 yrs or 75 yrs – entry age 25 lacAnnual, monthly
3DHFL Pramerica Life Insurance     Flexi e-TermMinimum: 18 yrs   Maximum : 65 yrs (For regular pay option) 50 yrs (For 60 yrs less entry age at entry option ) 75 yrsMax – 75 yrs – Entry ageAnnual, monthly
4Exide life InsuranceEliteMin – 21 Years and Max  –   60  yrs 70 yrs for regular pay   80 yrs for extended pay option Single pay : 5 to 35 yrs   Regular pay : 10 – 35 yrs Extended pay : Regular pay + 5 yrs or 10 yrs  50 Lac1.5 CrAnnual
5IDBI Federal Life insurance co. ltd.iSurance Flexi Lump sum planMin – 18 Years and Max – 60 years80 yrsMin : 10 yrs   Max : 62 yrs 50 Lacs15 daysAnnual, Semi- Annual, Quarterly, monthly

List of Health Insurance Companies in Bihar

Here we are going to give brief detailing about the 5 health policies in Bihar. The key features, monthly premium, sum assured, etc. are added in the list

The first in this list is the Star Health Insurance. The plan name is Health optima. The monthly premium for this plan is Rs 959. There is coverage of Rs 15k for utilizing the alternate medicine like Ayurveda, Unani or alternate medicine method in government or accredited institutions. There is network of 8200+ hospitals that provide the cashless hospitalization.

Next is the Lifeline Supreme health care plan provided by Royal Sundaram General Insurance. The plan is available at a monthly premium of Rs 772. There is a list of 4195 hospitals that provide the cashless hospitalization. The hotel expenses before 60 days and after 90 days of the hospitalization are also covered in this plan.

Let’s move forward to the Bharti AXA plan named Smart Super Health which is available at a monthly premium of Rs 948. 60 days before and 90 days after hospitalization expenses are covered under this policy. 4300+ hospitals are there under this policy that provides cashless hospitalization. And also 130 day care treatments are covered under the plan.

Reliance General Insurance plan name is Health gain. This is available at a monthly premium of Rs 1058. A network of 4000+ hospitals is there that provide the cashless hospitalization. There is up to 50K coverage for the treatments that done at home. 172 day care treatments come under the plan. Maternity coverage is not there under the plan.

Last in the list is the Family Medicare 2014 plan provided by United India insurance. The plan is available at a monthly premium of Rs 1266. There is coverage up to the sum assured for the alternate medicines. Before 45 days expenses and after 60 days expenses to hospitalization are covered under the plan. 4000+ hospitals came under this plan that provides cashless hospitalization. And there are 121 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 NameCompany’s PlanSum InsuredKey FeaturesPremium
1.Star health InsuranceHealth OptimaRs 5 LacsHospital 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)   Health Checkups Up to Rs 1.5K once every claim free year Rs 959  Monthly
2.Royal Sundaram General InsuranceLifeLine SupremeRs 5 lacsHospital 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   Health Checkups Once every year, starting year 2 Rs 772 Monthly
3.Bharti AXASmart Super Health Insurance PolicyRs 5 lacsHospital 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   Health Checkups Once every year Rs 948 Monthly
4.Reliance General InsuranceHealth gainRs 6 LacsHospital 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   Health Checkups No health checkups Rs 1058 Monthly
5.United India InsuranceFamily Medicare 2014Rs 6 LacsHospital Room Eligibility   Up to Rs 6K/day   Bonus on No Claim Not available   Restoration of Cover Not available   Health Checkups Once every 3 continuous years(upto Rs 1.5K/member) Rs 1266 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