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AROGYA SANJEEVANI POLICY PREMIUMS COMPARED

  Plan is same , but Premiums are different 

No one should have to choose between medicine and other necessities. No one should have to use the emergency room every time a child gets sick. And no one should have to live in constant fear that a medical problem will become a financial crisis.
                                                                                 -   Brad Henry

What is  AROGYA SANJEEVANI PLAN  ? 

For all the details ,   CLICK HERE 

AROGYA SANJEEVANI POLICY PREMIUM CHARTS COMAPRED

 SPECIAL NOTE DATED 27.12.2021 :  As  the pandemic Covid-19 has spread globally  and  insurance companies  received  high claims  . Hence  many of the insurance companies  have recently enhanced   the premiums they collect on their various   health insurance schemes .  

  The  premiums we have used for comparison   are more than  one year   and  they may not be valid now . Hence please  check the current  charges   of the insurance companies   before buying . 

However  on reading the article , you will realize that premiums quoted may widely vary from one insurance company to the other  and hence  comparing the premium before taking a policy is an important exercise for you   . 

​COMPARE THE PREMIUMS  BEFORE BUYING   AROGYA SANJEEVANI  POLICY 

02.08.2020 :   Various  insurance companies   were given  permission to launch  Arogya Sanjeevani  Policies  . 

 Some insurance companies have   published  the premium charts  which we have used below to compare  for different age groups and to find who is offering  the lowest  premium . For this comparison  , we selected 6 insurance companies who have published their premium charts on the web . Two are public sector general insurance companies , three  are  private sector general insurance companies  and the remaining  one is  exclusive health insurance company . 

​  We found  that each company has their own age band to quote premiums  .  Hence  we selected  quotes for 3  specific ages of 22 years , 42 years and 62 years  representing  young , middle aged and senior  citizens .  You can find that  the variations  are    staggeringly  different . 

 All the premiums quoted for  individual policies  only for a period of one year .  GST  to be paid extra  . 

Many  of the insurance companies  have chosen not to  publish   their premiums on their websites  . They  require you to furnish  your personal information like name , e-mail address and mobile numbers on their websites to get a quote from them . But press reports suggest substantial   variations  in age slabs  as well as  the premium quoted by insurance companies  .  Hence one has to get quotes for his  particular age by the insurance companies to compare the premium applicable to him / her . 

Even among the six insurance companies we have selected , there is remarkable variation on premiums  quoted by various companies  . For example  premium for 22 year old ranges between Rs 1,649 and  Rs 3,005 for a cover of Rs 1,00,000 . The same  cover for 62 year old senior citizen varies between Rs 5,953 to  Rs 13, 310.  
​
Hence it will be better for you to get quotes from various insurance companies  before you finalize  the  policy from whom you buy . For the websites of all the insurance companies that are  permitted  , CLICK HERE 

We shall be happy to receive feedback   on this issue from our readers . 

 THE PREMIUM FOR  22 YEARS  OLD  

INSURANCE COMPANY	Rs 100,000	​Rs 1,50,000	​Rs 2,00,000	​Rs 2,50,000	​Rs 3,00,000	​Rs 3,50,000	​Rs 4,00,000	​Rs 4,50,000​	​Rs 5,00,000
National Insurance*	2,752	3,217	3,828	4,236	​4,709	5,145	5,473	5,794	6,057
​UNITED INDIA	​3,005	3,478	​3,951	4,253	4,554	​7,990	4,658	​8,198	4,813
FUTURE GENERALLI	2,851​​	​3,269	​3,363	​3,490	3,651​	​3,879	4,274	4,485	4,629
IFFCO TOKIO *	1,848	​2,525	3,285	3,656	4,210	4,551	4,750	4,846	5,088
Star  Health	​2,985	3,100	​3,210	3,330	​3,455	​5,465	3,835	4,005	6,255
Universal Sompo	2,044	2,472	2,948	​3,514	4,140	4,453	4,788	​5,060	5,413

 THE PREMIUM FOR  42 YEARS  OLD   

INSURANCE COMPANY ​	​Rs 100,000	​Rs 1,50,000	​Rs 2,00,000	​Rs 2,50,000	​Rs 3,00,000	​Rs 3,50,000	​Rs 4,00,000	​Rs 4,50,000	​Rs 5,00,000
​National Insurance *	​4,472	5,650	6,413	7,012	​7,756	​8,316	8,877​	9,521	10,048
​UNITED INDIA	7,167	5,703	9,740	7,659	12,132	​12,328	​12,523	9,639	​9.705
​FUTURE GENERALLI **	​4,976	​5,634	5,833	​6,089	6,402	6,831	​7,547	​7,947	8,232
​IFFCO TOKIO ***	​2,916	​4,001	​5,221	​5,844	​6,769	​7,346	​7,680	7,847	8,234
​Star  Health	​3,880	​6,040	4,175	4,330	​6,735	4,740	​7,480	5,205	8,130
Universal Sompo ​	2,995​​	​3,522	​4,114	​4,893	5,624	6,026	6,​518	7,155	7,786

 THE PREMIUM FOR  62 YEARS  OLD   

INSURANCE COMPANY	​Rs 100,000	​Rs 1,50,000	​Rs 2,00,000	​Rs 2,50,000	​Rs 3,00,000	​Rs 3,50,000	​Rs 4,00,000	​Rs 4,50,000	​Rs 5.00,000
National Insurance*	​12,079	15,685	18,444	​20,427	​22,436	25,465	28,673	31,311	33,470
​UNITED INDIA	​11,163	​14,119	​28,258	20,203	​35,579	​24,725	26,118	27,592	29,066
FUTURE GENERALLI*	​13,310	14,867	​15,418	16,112	16,950	​18,075	19,919	​20,973	​21,739
IFFCO TOKIO*	​5,953	​8,194	10,725	12,063	​14,041	​15,290	​16,007	​16,378	​17,175
​Star  Health	11,940​	​17,910	12,840	​19,260	​20,710	​21,860	15,340	16,005	16,675
Universal Sompo ​	​13,405	15,784	​18,163	20,923	24,042	25,482	27,040	29,078	31,531

NOTE  :  * NATIONAL INSURANCE PREMIUM QUOTED FOR HIGHEST AGED MEMBER . FOR THE SECOND MEMBER , PREMIUM TO BE ADDED ACCORDING TO  HIS / HER AGE 
**  FUTURE GENERALLI PREMIUM QUOTED FOR HIGHEST AGED MEMBER . FOR THE SECOND MEMBER , DISCOUNT IS BEING OFFERED ACCORDING TO THE AGE 
***IFFCO TOKIO PREMIUM QUOTED FOR HIGHEST AGED MEMBER . FOR THE SECOND MEMBER , PREMIUM TO BE ADDED ACCORDING TO  HIS / HER AGE 

  
 To go to the websites / brochures of the above  insurance companies ,   Click on their names.

1.     National Insurance  co Ltd    

2.    United India Insurance  co Ltd     

3.    Future Generalli  India Insurance Company Limited

4.    IFFCO TOKIO  General Insurance co ltd 

5      Star  Health  & Allied Insurance co Ltd

6.     Universal Sompo General Insurance co ltd

INSURANCE COMPANIES ISSUING AROGYA SANJEEVANI POLICY

 You can click  here to get the  list  of Insurance companies 
 ​

NEW ARTICLE       

                                                       SECURING  HEALTH     FOR SENIOR CITIZENS 
 
                                                                              WITH OR WITHOUT ENTRY AGE RESTRICTION   


TO  READ THE ARTICLE                                                         CLICK HERE 


TO GET ANSWERS FOR FAQs on MANAGEMENT  OF POLICIES ,    CLICK HERE 
​​

DO YOU KNOW ? 

From   a  report  of  Sample Survey Office ,  it is revealed that   80 percent of Indians , who mainly rely up on  private   health care ,   do not  have any medical insurance .  The government has brought   only about 12 %  of population under  health protection schemes like   Rashtriya Swasthya  Bima Yojana . In  the absence of health insurance  , 75 % of Indians  use their hard earned savings  while  18% have to borrow . In order to escape from financial gloom  in the events of  medical emergencies , one has to    definitely require some form of Health insurance .       

 KNOW  ABOUT  TAX ON RETIREMENT BENEFITS   , CLICK HERE 

FOR INCOME TAX NEWS    , CLICK HERE      NEWS ON INTEREST RATES  CLICK HERE  

​ARTICLE ON INVESTMENT OPTIONS  FOR RETIREES  ,   CLICK HERE      WHAT IS SYSTEMATIC INVESTMENT PLAN  ?    CLICK HERE   
​
                                                                       NEW  ARTICLES ON    
                                                                       
 SMALL FINANCE BANKS                                                                       PAYMENT  BANKS      
                                                                         
UNIFIED  PAYMENT INTERFACE                                                              BHARAT BILL PAYMENT SYSTEM   

        BHIM APP                                                                                             AADHAR    

                                                    e-INSURANCE   Account (   eIA  )     

WHAT IS NEW ON PLAN N PROGRESS ?      ​

​
TAX BENEFIT UNDER  SECTION 80D OF INCOME TAX ACT 

Deduction allowed  on  Medicliam   Policies under 80 D is Rs. 50,000/- for senior citizens and up to Rs. 25,000/-  for   others  from the financial year  2018-19 .  For senior citizens , if no insurance amount is paid ,  hospital expenditure up to Rs 50,000 is allowed .  An assessee can claim additional Rs 50,000 for his / her parents   if they are senior citizens and   Rs 25,000 in other cases .  Overall claim cannot exceed Rs 1,00,000 . All payments should have been made in any mode other than cash . Cost of preventive  health check up up to Rs 5,000  can be claimed within the overall limit and it could have been made in cash also . 

​ISSUERS OF HEALTH  COVERS 


 Mediclaim  policies are issued by specialized Health / Medical Insurance companies ,  Life Insurers as well as General Insurers .     To get the list and visit their websites , Click Here

   ARTICLES ON    

​INSURANCE                LIFE INSURANCE                   HEALTH INSURANCE                 VEHICLE INSURANCE          HOUSEHOLD INSURANCE
                                                                       
 SMALL FINANCE BANKS          PAYMENT  BANKS         UNIFIED  PAYMENT INTERFACE                      BHARAT BILL PAYMENT SYSTEM   

                                                 BHIM APP                                                                                             AADHAR 

New  Updated Article 
 TAX PLANNING FOR FY 2022-23 ( AY 2023-24 ) 
Comprehensive   Article on Income tax changes in Rules, Rates , Slabs , Rebates  and Estimation 
CLICK HERE TO READ ​