PERSONAL FINANCE FINANCIAL PLANNING TAX PLANNING
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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 |
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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 .
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
** 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
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
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 ?
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 .
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
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
INSURANCE LIFE INSURANCE HEALTH INSURANCE VEHICLE INSURANCE HOUSEHOLD INSURANCE
SMALL FINANCE BANKS PAYMENT BANKS UNIFIED PAYMENT INTERFACE BHARAT BILL PAYMENT SYSTEM
BHIM APP AADHAR