Insurance Companies in Andhra Pradesh

Insurance Companies in Andhra Pradesh| List of Insurance Companies

List of Life Insurance Companies in Andhra Pradesh

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

Aegon Life Insurance is first in the list and the policy name is iTerm Plus insurance plan. The monthly premium for the policy is Rs 86o. You can switch to annual premium mode in which you need to pay Rs 9,884. Also, you can save a sum of Rs 12,644 in this annual payment mode. The plan provides you provision to have the Insurance coverage up to the age of 80 years. A payout which is equal to the sum assured will be paid in case of unfortunate death of the Life insured due to the accidenayl terminal illness and critical illness. Also you can increase your life coverage for the increasing life stage requirements. In the Basic plan , you can get coverage for the 10 critical diseases and in the Enhanced plan, 36 critical diseases are covered.

Next in the list is Mera Term Plan which is provided by PNB Met Life. This plan is available at a monthly premium of Rs 796. Annual mode of premium payment is also available. In this you need to pay Rs 8,988 and  you also save a sum of Rs 13,536. The plan provides the life cover which is the sum assured to the nominee in case of the unfortunate death of the life insured. The plan also provide the benefit to cover your partner in the same plan and your partner can continue the policy in case of the unfortunate death and all the future premiums would be waived off in this case. Your coverage amount can also be enhanced with Life stage protection and no medical examination would be required for this.

With a monthly premium of Rs 668, Edelweiss Tokio Life Insurance is coming with its plan named My Life +. There are four add on to this plan. One is Accidental death benefit. The premium for this is Rs 52 and the policy term is 20 years long. Minimum sum assured for this is Rs 1 Lac and the maximum is Rs 75 Lac. Second one is Accidental Total and Permanent disability for which the premium is Rs 42 and the policy term is 20 years long. Next one is waiver of premium for which the premium is Rs 30. Last one is Criticare+. This add on is available at premium of Rs 456 and flexible policy term. The minimum sum assured in this is Rs 5 Lac and the maximum is Rs 1 Cr.

Zindagi Plus is next in the list and the plan name is Zindagi Plus+. Monthly premium for the plan is Rs 670 and the annual premium for the same is Rs 7,615. Also, you can save a sum of Rs 10,200 over the policy with the annual payment mode. In case of unfortunate death of the life insured, a lump sum benefit which is equal to the total payout is paid to the nominee. You can get a maximum coverage up to the age of 80 years in this plan. Along this plan is economical and provide protection and assurance to your family.

SBI eShield plan is last in the list. Monthly premium for the plan is Rs 900. There are two cover options in this plan. One is Life cover which is available at monthly premium of Rs 900. Under this cover option, basic sum assured would be case in case of either Terminal illness or unfortunate death which ever happens earlier. Next is the increasing cover which is available at monthly premium of Rs 1,072. Under this policy there is increase in the basic sum assured at the Rate of 10% at end of every 5 years without increase in premium.

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
1Aegon LifeiTerm PlusMinimum: 18 years   Maximum: 65 years Max : 80 years65 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 and Monthly
2PNB Met LifeMera Term PlanMinimum: 18 years     Maximum: 65 years 99 yearsMin : 10 yaers   Max : 99 years – age 10 LacsNo LimitAnnual, monthly
3Edelweiss Tokio Life Insurance     My Life +Minimum: 18 yrs   Maximum : 60 yrs 80 years10,15,20,25,30,35, 40,80 minus Entry age25 Lacs30 daysAnnual
4Zindagi PlusZindagi 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 – 80 yrsMin : 10yrs for regular pay and 15yrs for ‘Pay till 60’; Max : 62 yrsMin: 50 lakhs, if Better Half Benefit, Top Up Benefit or Life Stage Benefit is selected;25 lakhs for all other sceneriosMax: No Limit, subject to Board approved underwriting policy. 15 days for the monthly premium mode and 30 days for other payment modeYearly, Half Yearly, Quarterly & Monthly
5SBI Life InsuranceeShieldMinimum : 18 Years; | Maximum :Level Cover 65 Years Increasing Cover 60 Years75 years for level Cover Benefit   70 years for increasing Cover Benefit Minimum: For Level Cover: 5 Years   For Increasing Cover: 10 Years Maximum: 30 Years 35 lacMaximum : No Limit (Subject to board approved underwriting policy)30 daysYearly, Half- yearly, monthly

List of Health Insurance Companies in Andhra Pradesh

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

NCB Super premium plan which is provided by Religare Health Insurance is first in the list. the plan is coming with total premium of Rs 13,364 which is divided in to monthly premium of Rs 990. Medical expenses that occurs 30 days before and 60 days after hospitalization are covered under the plan. there is a list of 4900 hospitals that provides cashless hospitalization. Also, all the day care treatments are covered under the plan.

Max health insurance is next in the list and the plan name is Health Optima which provides a sum assured of Rs 5 Lac. With a monthly premium of Rs 990, total premium of Rs 13,361 is paid. 3474 hospitals are registered under the pan that provides cashless hospitalization. Health Insured will be provided with the coverage for the alternate medical treatment but only in authorised government hospitals.

At a monthly premium of Rs 959, Star Health Insurance is coming with its plan named Health Optima. Medical expenses that occurs before 90 days and after 60 days of hospitalization are covered under the plan. Alternate medical treatment expenses up to 15K are covered under the plan. All the day care treatments are covered under the plan and also there is 8200+ hospitals that provides cashless hospitalization.

CIgma TTK is next in the list and the plan name is Prohealth Plus SB02. The plan is coming with a monthly premium of Rs 948. 5023 hospitals comes under the plan that provide cashless hospitalization. Maternity expenses up to 15K in case of the normal delivery and 25K in case of caesarean are covered under the provide provided the waiting period is 4 years and 2 years is the optional here.

Let’s end the list with the TATA AIG plan name Mediprime. Alternate medicine treatment up to 25K are covered in this plan. At the same time the plan has 1985 hospitals that provide you cashless hospitalization. 140 listed day care treatments are covered under the plan. Maternity expenses are not covered in this 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.Religare Heath InsuranceNCB Super premium6 lacs    Maternity Not covered   Hospital Room Eligibility Single private room   Bonus on No Claim Rs 3.6 Lacs SI added (reduced on claim)/year   Restoration of Cover Up to Rs 6 Lacs once a year Rs 990Monthly
2.Max Health insuranceHealth OptimaRs 5 LacMaternity   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 990 Monthly
3.Star Health InsuranceHealth OptimaRs 5 LacsMaternity   Not covered   Hospital 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) Rs 959 Monthly
4.Cigma TTKProhealth Plus SB02Rs 5.5 LacsMaternity   Upto Rs 15K for maternity after 4 years   Hospital Room Eligibility Up to single private room   Bonus on No Claim Rs 55K SI added/reduced per year   Restoration of Cover Up to Rs 5.5 Lacs once a year   Rs 948 Monthly
5.TATA AIGMediprimeRs 5 LacsMaternity   Not covered   Hospital Room Eligibility All categories   Bonus on No Claim Rs 50K SI added (reduced on claim)/year   Restoration of Cover Not available Rs 1,133 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