The Four players of Public Medical Insurance
The existence of governmental bodies in medical insurance field is surely important to provide equalized benefits to Indian population for getting maximum benefit from less profit oriented health insurance policies. The private sector of insurance is observed to be involved more in profit developing purpose while providing medical insurance. The healthcare sector is now considered to be maximum business generating sector of country and so, do the private insurance makers. But, the presence of public medical insurance restricts this activity by offering health insurance plans that can benefit each and every sector of society with best health insurance in India. There are health insurance policies constructed to cover BPL (below poverty line) population, farmers, unemployed, senior citizens and uneducated Indian citizens.
If you compare health insurance rating than public health insurance are having a high level of customer trust and interest in comparison to private health insurance policies. There are four government-governed companies that form public players of medical insurance providing best health insurance in India. These four companies are: -
National Insurance Company Limited
This is a general insurance company in India that was nationalized in 1972 having headquarters in Kolkata. This public medical insurance company offers senior citizen medical insurance considered as best health insurance in India. The policy name is “VARISTHA MEDICLAIM POLICY” that provides complete essential health coverage for senior Indian citizens if compare health insurance for senior citizen. The medical insurance policy covers domiciliary hospitalization expenses and other illness treatment expenses. This medical insurance provides coverage for various critical illnesses like cancer, stroke, coronary artery surgery, organ transplants, sclerosis, and blindness surgery.
The Oriental Insurance Company Limited
The company was established as government-owned-insurance-company in 1947 that is having 1800 functional branches all over India till date. There are three health insurance policies of Oriental Insurance Company that work as milestones in public medical insurance sector. These policies are “COMPREHENSIVE HEALTH INSURANCE SCHEME”, “INDIVIDUAL MEDICLAIM POLICY” and “GROUP MEDICLAIM POLICY”. These health insurance plans offer best compensation rates with minimum deductibles and premium rates when compare health insurance provided by other public insurance companies in India. The group mediclaim policy is marked as Best health insurance in India for group health insurance by IRDA.
The New India Assurance Co. Ltd
The only public medical insurance company in India functional from 1919 became nationalized in 1973 provides maximum business performance in Indian insurance sector. The health insurance plans of this company are best trusted and persist maximum interest not only by general public but also by corporate hubs like TCS in India for its medical insurance. The “MEDICLAIM POLICY” provided by New India Assurance persist most promising benefits like cashless hospitalization all over India, best treatment considerations, and exceptional coverage.
The United Insurance Company functional since 1938 is considered to be one of the top general insurance providers in Asia. The company offers “MEDICLAIM POLICY” that offers compensation from minimum of Rs. 15,000 to Rs. 5,00,000 for actual hospitalization expenses. This medical insurance policy can be owned from age of 5years to age of 75years.
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