-
Star Union Dai-ichi Life Insurance Company Ltd., a joint venture of Bank of India, Union Bank of India and Dai-ichi Life of Japan is all set to begin its operations shortly. The Company filed its application for R1 license in April 2008. SUD Life received R3 approval and license by IRDA on 26th of December 2008. The Company plans to cater to the Indian Life Insurance market through a mix of traditional as well as unit linked products keeping in mind the current trends and requirements of the Indian public
-
ICICI Prudential Life Insurance Company Limited has launched Health Saver, a new health insurance product which integrates health and savings.
Launching the product, company vice-president (sales & development) K. Mahesh said the product provides reimbursement-based hospitalisation cover with the benefit of a health-savings fund. It allows claims against outpatient treatment, diagnostics and dental care after three years. The customers will receive guaranteed coverage of up to 75 years, against actual medical expenses incurred due to hospitalisation, Mr. Mahesh said.
Other benefits include coverage against pre-existing illnesses and conditions after two years subject to acceptance by the company, no-claim bonus and a free health check-up every two years. More than 240 hospitals in the State had been approved by the company to offer cash-free services to policy-holders, he said.
