National Insurance to launch new health policy
National Insurance Company is going to come out with a new health policy for the elderly above the age of 60.
By PTI |
BANGALORE: National Insurance Company is going to come out with a new health policy for the elderly above the age of 60.
"We are awaiting IRDA's approval. Official clearance has to come," company Chairman and Managing Director V Ramasaamy said here the Insurance Regulatory Development Authority told reporters here on Monday.
"We want to launch it on October 1, the World Elders' Day", he said, declining to reveal the features of the policy.
He said the company would launch health insurance product for "younger generation" below the age of 25, as also a family floater policy in July.
The second largest general insurer in the country on Monday tied up with State Bank of Mysore to launch "Dhanvantari Bima Policy", a health insurance policy, exclusively for the account holders of SBM.
The policy, launched by Ramasaamy and SBM Managing Director Y Vijayanand, covers the account holder and his/her family members in the age group of 3 months to 60 years.
Company officials said the policy is available for sum insured from Rs 50,000 to Rs 3 lakh with annual premiums ranging from 878 to Rs 4,461, and the benefits are available for families up to 4 members.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
