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Insurance Companies Providing Health Insurance Schemes - Essay
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Insurance Companies Providing Health Insurance Schemes – Essay

The companies providing various kinds of health insurance schemes are:

Max New York Life Insurance

Max New York Life Insurance, one of the leading insurance companies, has launched some health schemes suiting the needs and requirements of people. The health insurance schemes provided by the company are:

Medicash Plan

This health insurance plan offers a fixed amount of cash benefit, covering expenses of all kinds from ICU admission to surgeries and recovery process on a daily basis throughout the period of hospitalization.

Wellness plan

This scheme provides coverage to thirty eight severe or critical illness. Some of these are liver disease, cancer, heart ailment, Alzheimer, deafness, etc.

Safety Net

This scheme is a term plus health protection plan that would provide coverage against any loss of the insured in cases like accident, death, disability and critical illness.

New India Assurance Company Ltd

The New India Assurance Company Lid has come up with a health insurance scheme known by the name of Universal Health Insurance Scheme.

Benefits of Universal Health Insurance Scheme

Medical reimbursement

This plan particularly offers reimbursement of the hospitalization cases that amounts up to 30.000 covering the expenses of ICU admission, surgeries, medical tests and other expenses of medicines, OT charges, etc.

Personal Accident Cover

This particular plan provides coverage for death of the main earner of the family by accident amounting to Rs.25000.

Disability Cover

This scheme aims to provide a compensation of 50 on a daily basis up to 15 days after a 3 day wait in case the main earner of the family gets hospitalized.


The premium of this scheme is slated at Rs.300 per year for an individual, Rs.450 for a family of 5 per year and Rs.600 per year for a family of 7. For families falling under the below poverty line a premium subsidy of Rs.100 per family would be provided by the government.

Apollo DKV Insurance Company Ltd

Apollo DKV Insurance Company Ltd has come up with a range of health insurance scheme to offer better service to the people. The Schemes are

Easy Health Insurance Plan

The easy health plan suits the needs of the people minus the heavy pocket cut. Available for individuals as well as families this plan aims to provide prevention with cure. The benefits of such plan are.

  1. It gives you the freedom to choose from a wide range of amount insured from Rs.1 lac to 10 lacs.
  2. It covers the expenses borne before and after hospitalization.
  3. It provides incentives on every renewal after a claim free year.
  4. Provides tax benefits for the premium

Maxima Health Plan

This plan provides a range of benefits for the outpatient as well as the inpatient sector. From consultation to medical tests, cost of pharmacy, spectacles, and contact lenses to annual checkup a range is covered under the outpatient sector. In the inpatient sector from pre and post hospitalization expense to maternity expenses and emergency ambulance a host of expenses are covered.

Individual Personal Accident Plan

This plan as conceived by the company comes with a range of benefits like:

  1. Provides 50% of the amount to the insured dependent child for educational purpose in case of accidental death or permanent disability.
  2. Provides a major amount in case of accidental death.
  3. Provides allowance in a per week basis in case of temporary disability.
  4. Provides a major amount in case of bone fracture due to accident.
  5. Reimburses the medical expenses for inpatient treatment in case of an accident.
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