Insurance Policy - 2010

These are the new Insurance policies introduced in India 2010.


Health Insurance Plan: Established in 1919 by Sir Dorab Tata New India Assurance is
the first fully Indian owned insurance company in India.
Cheapest Health Insurance Plan is New India Assurance's latest insurance policy
of all times.The yearly premium could be as low as Rs 1000 for a minimum assured
sum of Rs 1, 00,000 for a person who is not more than 35 years of age.
A deliberate attempt is made to keep the price of the policy low by restricting
the choice of hospitals and covering certain major critical illnesses.

Medicash Plan, Wellness plan and Safety net plan: Max NewYork Life Insurance
 is one of India's leading insurance companies. It has come up with certain new health
 insurance schemes to meet the needs and requirements of the people.
Max New York Life Insurance offers Medicash Plans, Wellness Plan
and Safety Net Plan. The Medicash Plan involves payment of a fixed sum of cash
 to the insured right from the time of hospitalization till one is released.
The wellness plan provide coverage to 38 critical illnesses like deafness,
 cancer and liver disease and the Safety net plan is a health protection plan which
provides coverage for the losses incurred by the insured like accident, critical illness or death.

The Easy Health Plan: Apollo DKV Insurance Company Ltd has come up with an
 excellent health plan called Easy Health plan that is cost effective and has special variants
 for all the sections of society. This plan can be bought according to your pocket because
 it comes in three variants Standard Exclusive and Premium.
The cover ranges from Rs 1,00,000 to Rs 10,00,000 according to the variant to select.
The icing on the cake is that you pay just Rs 3 per day and get an annual insurance
 cover of Rs 1,00,000 under the Standard variant policy and smile your way
through a healthier life. Easy Health plan could be got as early as the age of 5,
and the cover is valid for a period of one year.

Top Up and Super Top Up Medicare Policy: United India Insurance Company has
launched two new medical insurance policies known as Top Up and Super Top Up Policy.
The good thing about this policy is that even if you do not have a medical insurance
policy you are eligible for this policy.
These two policies are not merely restricted to United India's customers but also
 to those who have taken medical insurance cover with other insurance companies
and also to the employees who are covered under the employee reimbursement
scheme.  These two policies can add up to 15 lakhs to the basic insurance cover
at the payment of a meager premium the rates of which are still awaited.
 Hence these two policies begin where other medical insurance policies stop.

Young Star Super: This policy, introduced by HDFC Standard Life Insurance is a
unit based policy and is meant for the future planning of children.
The minimum premium required to be paid for this policy is Rs15, 000.
Young Star Super policy holders have a choice in the matter of the sum assured
 it can range from 5-40 times of the premium paid along with 7 fund options.
The policy holder can also choose a double or triple benefit which means
that in case of a double benefit if the insured dies the sum assured would be paid
to the nominee while the company directs 100% of the premium that is to be paid
towards the policy. In the case of the latter 50% of the premium is paid to the nominee
every year to maintain a regular inflow of cash. The policy holder is also entitled
to a sum of Rs 12,500 as buffer addition in case of no withdrawals. Those who go
 in for a 10 year term policy will be eligible for 50% of the first years premium
at maturity and 100% of this amount for staying invested for longer term policies.

Aegon Religare Pension Plan: Aegon Religare life Insurance has introduced a
Pension plan called Aegon Religare Pension Plan.
The plan provides assistance in the form of a pension to policy holders to take care
of their daily expenses after retirement.
In the Pension Plan the policy holders have the option of paying the same premium
over the term of the policy or even increasing the premium by 5 - 8 % every year
according to the rise in their income. This plan was formulated after a research carried out by
the company the report of which said that there were many consumers who were concerned
about life after retirement but did not know how long and how much to save.
Hence Aegon Religare stepped forward and formulated a policy which one can fall
 back on after retirement.