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Universal Sompo Health Insurance India

Universal Sompo Health Insurance India - Universal Sompo General Insurance Company Limited is a joint venture between Indian banks – Allahabad Bank, Karnataka Banka and Indian Overseas Bank, an Indian investment company, Dabur Investments and a Japanese insurance company, the Sompo Japan Insurance Company. Universal Sompo has its headquarters at Mumbai. The Sompo Japan Nipponkoa Insurance Inc. is a leading Japanese insurance provider and is the largest property and casual insurance company in the country of Japan. Universal Sompo is a rapidly growing insurance provider in India. It started operations in India in the year 2007 when it received its Licence and Certificate of Registration from the Indian Regulatory and Development Authority (IRDA). In case of Health Insurance, the company offers a range of plans that are designed to meet all the requirements of the individual.

 

List of Universal Sompo Health Insurance Plans and Policies in India

Universal Sompo Individual Health Insurance Policy Plan

Subject to a clean proposal form, medical tests are waived off up to the age of 45 years. Above the age of 45, medical tests are mandatory and 50% of the test charges are reimbursed to the customer. Additional cover may be purchased by the customer to cover certain critical illnesses. The premium depends of the age of the insured individual and the sum insured amount that is selected. Know eligibility, features, benefits, coverages and more..

Universal Sompo Pravasi Bharatiya Bima Yojana Plan

This is a health insurance plan that covers the medical expenses of the individuals who are emigrating and whose passports are endorsed with “Emigration check required”. Know eligibility, features, benefits, coverages and more..

Universal Sompo Swarna Gramin Bima Yojana Policy Plans (Individual and Group plans)

This is a health insurance plan that can be taken by a gramin, that is, a village dweller for himself and his family and/ or organizations such as financial institutions and NGO’s for covering its rural clientele with superb features. Know eligibility, features, benefits, coverages and more..

Universal Sompo Hospital Cash Insurance Plan

This is a policy that provides a cash benefit in case of hospitalization so that there is no drainage on the savings of the insured and his or her family. Know eligibility, features, benefits, coverages and more..

Universal Sompo Senior Citizen Health Care Plan

This is a health insurance plan that covers the hospitalization and medical expenses of an individual above the age of 60. Know eligibility, features, benefits, coverages and more..

Universal Sompo Group Health Insurance Policy Plan

This is a health insurance plan that covers the hospitalization and domiciliary expenses of the employees of groups in the trading/manufacturing sectors, social sectors and/or members of institutions/societies/associations/clubs. Know eligibility, features, benefits, coverages and more..

Universal Sompo Surva Vidyarthi Bima Yojana Plan

This is a health insurance plan that can be taken by an educational institution for the benefit of the students. These are the features of this plan. There are separate sections, one is Section A, which is compulsory and the rest of the sections are optional. Know eligibility, features, benefits, coverages and more..

Universal Sompo Aapat Suraksha Bima Insurance Plan

This is a health plan that has a primary focus on providing insurance benefits to people against any form of critical illness. The plan seeks to benefit the insured where hospital expenses and other medical related expenses are concerned, when the person suffers from a critical illness. Know eligibility, features, benefits, coverages and more..

Universal Sompo Complete Health Care Insurance Plan

This is a health insurance plan that covers the hospitalization and medical expenses of the individual with the following features: Know eligibility, features, benefits, coverages and more..

What is Health Insurance?

Health Insurance is an insurance policy that ensures that you get cashless treatment or expense reimbursement, in case you fall ill. It is a contract between a general insurance company and one, which considers expenses incurred when availing treatment. However, the insurance company would pay for your treatment if the medical condition is covered by your policy. As per IRDAI, the premiums payable towards such an insurance policy have tax advantage under section 80D of Income Tax Act, 1961.

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Importance of Health Insurance - Universal Sompo Health Insurance India

There is no debating on the importance of having insurance in a country like India that ranks very low on human life index. Everyone must buy a good health plan that includes medical outlay, hospitalisation costs, medication and laboratory test costs, including critical illness. As is rightly said, “Health is wealth”, one must be prepared to manage such a situation in life. Don’t get confused with questions like – Which health policy to buy? Does this consider everything? What illnesses are excluded from this cover? PolicyBazaar is here to resolve all such confusions.

Just compare health insurance policies from top health insurers on our website and buy the best health plan. Let us know your basic requirements and we will find the best-suited health insurance quotes. You can, then, compare health insurance policies side by side, based on the parameters like health insurance cost; riders etc., and choose the best health insurance for self and/or your family members.

The treatment cost is getting way too expensive. Health insurance prevents a medical emergency from turning into a financial emergency. It makes sure that health care needs of one are taken care of without depleting one’s savings and compromising on one’s future goals. The contract of health insurance requires the provider to pay some or all of one’s health care costs in exchange of a periodic imbursement. Additional advantages of health insurance policies include regular health check-ups, cashless services, pre and post hospitalization expense reimbursement etc. Health insurance policies allow you save thousands on taxes under section 80D of Income Tax Act, 1961. The premiums paid towards the policy reduce your annual tax liability, thereby reducing your taxable earnings per year.