Insurance Companies in Assam

Insurance Companies in Assam| List of Insurance Companies- 

Here we are going to provide the information about some of the good Life insurance companies in Assam and their policy with the details.

List of Life Insurance Companies in Assam

The very first policy in this list is the 3D Plus Life option which is provided by HDFC Life. There are five different cover options. One is Life option with a premium of Rs 407 monthly. Second is Extra Life Option with a premium of Rs 458 monthly. After this comes 3D Life option with a premium of Rs 425 monthly. Return of Premium option comes with a premium of Rs 1047 monthly. And one comes with a premium of Rs 2144 monthly which is Life Long protection option.

Here comes the e-Term Life plan which is provided by Kotak Life. In this policy, there are three payout options in case the Life insured dies during the policy term. One is an immediate payout in which all the amount is paid once and policy terminates. Second is Level recurring payout in which 10% of the Sum Assured is paid as Lump sum and remaining is paid out as level monthly income for next 15 yrs. And the third one is Increasing payout in which 10% of the Sum assured is paid immediately and remaining as increasing level monthly salary for next 15 yrs. Here the increase in monthly income is at the rate of 10% each year.

Third in this list is the Bharti AXA’s Life Flexi Term plan. The minimum entry age for this policy is 18 yrs and the maximum age is 65 yrs. This policy provides you with dual benefit. One is the Life cover and second is the protection against critical illness. This includes 34 critical illnesses. At the same time, you get the opportunity to choose your coverage. And you can get a sum assured of up to Rs 1 cr in case of critical illness.

Let’s now talk about the Flexi e-Term life plan provided by DHFL Paramerica Life Insurance Company. This plan along with the life security provides you protection in case of Critical illness, Terminal illness and Accidental death. Also, the plan provides you with a choice of flexible term, policy payment term, and cover. This would be one of the best life insurance plans as it provides a lot of benefits. In case you want any more information over this, you can visit the company official website.

The last one in this list is the iSelect Insurance Lumpsum plan provided by Canara HSBC OBC Life Insurance Company. This will provides you a sum assured of up to Rs 30 Lacs. And in case of the sudden death of the Life Insurance, the payout will be paid to the nominee. In this policy, you can also enhance your coverage plan with no Medical examination requirement. You will also get the Income-tax benefits as per the Income tax act 1961, section 80C and 10D.

Following is the table that contains the details about the eligibility criteria of above-mentioned policies.

Sr. NoCompany’s NameCompany’s PolicyEntry AgeMaturity AgePolicy TermMinimum Sum AssuresMaximum Sum AssuredSurvival PeriodPremium Payment Frequency
1HDFC Life     3D Plus Life Option   (For Life Option, Extra Life Option, 3D Life Option, Return Of Premium Option) Minimum: 18 years   Maximum: 65 years Minimum : 23 years   Maximum: 75 years.   Single , Regular Pay – 5 yrs & Limited Pay : 6 Yrs, Max: 40 YearsRs. 10 Lacs   For ROP – Rs. 30 Lacs No Limit     Single, Yearly, Half yearly, Monthly, querterly
2Kotak Lifee-Term Life     Minimum: 18 years     Maximum: 65 years   75 yearsMinimum – 5 Years   Maximum – 40 yrs or 75 yrs – Entry Age Rs.20,00,000Annual, Monthly
3Bharti AXA       Life Flexi Term Plan     Minimum : 18 years     Maximum:  65 years Maximum: 85 yearsFixed: 10, 15, 20,25 years , To Age: 60, 65, 70, 75, 85 years10 LacsSubject to underwriting (1 cr in case of critical illness)Annual, Monthly
4DHFL Pramerica Life InsuranceFlexi e-TermMinimum: 18 yes   Maximum : 65 yrs (For regular pay option) 50 yrs (For 60 yrs less option at entry time) 75  yearsMinimum: 10 years(For regular pay)   PPT + 1 (For 60 yrs less age at entry)   Maximum: 75 years VaryVaryDAnnual, Monthyl
5Canara HSBC OBC Life InsuranceiSelect LumpsumMin – 18 Years and Max – 70 yearsMax – 80 yearsMinimum : 5 yrs   Maximum : 40 yrs 30 LacsAnnual, monthyl

List of Health Insurance Companies in Assam

 Here we are going to provide the information about some of the good Health insurance companies in Assam and their policy with the details.

The first one in this list is the Smart Super Health Insurance Policy which is provided by Bharti AXA. He plans will provide you a Sum Assured of up to Rs 5 Lacs with a premium of Rs 768 monthly. The policy will provide you with the Emergency coverage, Maternity Covers, Wellness benefits and many more. Having a good health insurance plan is very important and you can opt for this insurance plan.

The second one in this list is Universal Sompo General Insurance Company. This company is coming up with the plan ‘Individual Privilege’. With a monthly premium of Rs 773, the plan provides you a sum assured of Rs 6 Lacs. This includes maternity coverage also in which you can get a coverage of Rs up to 25K for maternity after 3 yrs. You can get Bonus on No claim of up to Rs 60K and restoration of cover up to Rs 6 Lacs once in a year.

Third in this list is Mediprime life insurance plan which is provided by TATA AIG Insurance. The plan will provide a sum assured of up to Rs 5 lacs to the Life Insured. And the premium that needs to be given monthly for this plan is Rs 1133. The policy does not include any maternity coverage in its. But, you will get the Bonus of No claim of up to Rs 50K. Also, there would be no restoration coverage. For more details about this policy, you can visit the company’s site.

Second last one in this list is the health Guard Family Floater which is provided by Bajaj Allianz. This is one of the several Health plans provided by this company and also economically sound. The Health Insured will get a sum assured of up to Rs 5 Lacs at a premium of Rs 912 monthly.

The last one in this list is the Liberty General Insurance’s plan named ELITE. This plan will provide you sum assured of Rs 6 lacs at a premier of Rs 960 monthly. There would be no maternity coverage and you can get a restoration of cover up to Rs 6 Lacs per month.

Following is the table that contains the details about the features and the sum assured of above-mentioned policies.

Sr. No.Company’s NameCompany’s PlanSum InsuredKey FeaturesPremium
1.Bharti AXASmart Super Health insurance policyRs 5 LacsMaternity   Optional Cover available   Hospital Room Eligibility All categories   Bonus on No Claim Rs 2.5 Lacs SI added (reduced on claim)/year   Restoration of Cover Up to Rs 5 Lacs once a year   9,216 annually  Change Rs 768 Monthly
2.Universal Sompo general insurance Co. Ltd.Individual PriviledgeRs 6 LacsMaternity   Upto Rs 25K for maternity after 3 years   Hospital Room Eligibility All categories   Bonus on No Claim Rs 60K SI added (reduced on claim)/year   Restoration of Cover Up to Rs 6 Lacs once a year Rs 773 Monthly
3.TATA AIG InsuranceMediprimeRs 5 lacsMaternity   Not covered   Hospital Room Eligibility All categories   Bonus on No Claim Rs 50K SI added (reduced on claim)/year   Restoration of Cover Not available Rs 1133 Monthly
4.Bajaj AllianzHealth Guard Family FloaterRs 5 LacsMaternity   Upto Rs 15K for maternity after 6 years   Hospital Room Eligibility All categories   Bonus on No Claim Rs 50K SI added (reduced on claim)/year   Restoration of Cover Up to Rs 5 Lacs once a year Rs 912 Monthly
5.Liberty General InsuranceELITERs 6 LacsMaternity   Not covered   Hospital Room Eligibility All categories   Bonus on No Claim Up to Rs 60K SI added/year   Restoration of Cover Up to Rs 6 Lacs once a year Rs 960 Monthly

For detail information about any policy, you can visit the company’s site. This is the appoximated data.

Also Read : Insurance Companies in India