General insurance firm United India Insurance (UII) has launched three new health insurance policies, which would replace the existing mediclaim policy.The new policies — Platinum, Gold and Senior Citizens — was launched today and would be administered strictly through third party administrators.
The launch of new health insurance policies comes on the back of UII’s strategy to generate large volumes to drive business growth.
The entry age will be from 3 months to 35 years for the Platinum category, 36 years to 60 years for the Gold category, and 61 to 80 years for the Senior Citizens category.
These products would encourage the youth to buy health insurance policies to cover even pre-existing illnesses, a statement said.
The minimum sum insured for all the three polices would be Rs 50,000 and can be increased in multiples of Rs 25,000. The maximum sum insured for Platinum, Gold and Senior citizens would be Rs 10 lakh, Rs 5 lakh and Rs 3 lakh.
Source: Business Standard
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