Insurance Companies in Sikkim

Insurance Companies in Sikkim| List of Insurance Companies –

List of Life Insurance Companies in Sikkim

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

Let start with the SBI life insurance plan named eShield(UIN 111N089V02) Plan. This one is a completely online plan which is Non- Linked and Non-participating. This also provides you with an inbuilt terminal illness benefit. Moreover you can also opt for two rider benefits to increase your scope of protection and for this, you need to pay some extra premium depending upon the term. This plan provides you financial ensure and also ensure about your family protection.

Second in this list is the Edelweiss Aegon life insurance company with its iTerm Plus Insurance plan. Every person has different needs depending upon their family and thus different plan requirements. This plan is also online and provides you the option to choose from 4 different plans that include Accidental death benefits and critical illness benefits. In case of unfortunate death of the policy holder, the nominee will get a complete payout in Lump sum provided all the premium have been paid.

PNB MetLife is coming with its Insurance plan named Mera Term plan. This plan will provide you a sum assured of Rs 10 Lacs. This is also open for the NRI’s. There is one benefit in this plan. If your partner also having the same plan, then all the future premier will be waived off for him/her in case of your unfortunate death and the policy will continue. Also, you can enhance your coverage plan with Life stage protection and there is no need for the medical examination.

Let’s now talk about the iTerm Smart Life insurance Plan provided by Aviva Life insurance.  Here the sum assured will be paid after the death of the Life insured during the policy provided all the premium has been paid out. Also, this plan is also eligible for the tax benefits under the section 80C and 10D of Income-tax Act 1961. Here you can also opt for the Life stage plan and can enhance your coverage amount without giving any medical examination.

Now it’s time for the iSecure Flexi Lump Sum Plan provided by IDBI Federal Life Insurance Co. Ltd. There is one more add on to this policy and that is Accidental Death benefit. With a premium of Rs 250, there will be Rider Sum Assured of Rs 52.2 Lacs. And pay term for this would be 30 yrs. In case of death of the life Insurer, the one-time payout will be made. Also, in case the Insured person is detected with some illness before the age of 65 yrs, then he can take a fixed plan for the death benefit amount.

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

Sr. NoCompany’s NameCompany’s PolicyEntry AgeMaturity AgePolicy TermMinimum Sum AssuresMaximum Sum AssuredSurvival PeriodPremium Payment Frequency
1SBI Life Insurance     eShield(UIN 111N089V02)Minimum: 18 years   Maximum: 60 years(Increasing Cover) 65 years (Level Cover) 75 years (Level Cover)   70 (increasing Cover)   Minimum: 5 yrs (For level cover)   10 yrs (for Increasing Cover) Maximum: 30 yrs 35 LacsNo limit (Subject to board approved underwriting policy)     Yearly , half Yearly, monthly
2Aegon LifeiTerm Plus Insurance planMinimum: 18 years     Maximum: 65 years   80 years65 yrs less entry age   70 yrs less entry age 75 yrs less entry age 80 yrs less entry age  25 Lacs (Sum Assured death benefit)   50K (Accidental death benefit) 5 Lacs(Critical illness benefits) Annual, half yearly. monhtly
3PNB Met Life       Mera Term plan (UIN: 117N092V02)     Minimum : 18 years     Maximum:  65 years 99 yrsMinimum : 10 yrs   Maximum : 99 yrs 10 LacsAnnual, Monthly
4Aviva Life insuranceiTerm SmartMinimum: 18 yrs   Maximum : 65 yrs   80 years (Without Rider)   70 years (With Rider) 10 – 62 yrs (Without Rider)   5-52 yrs (With RIder) 75 Lacs25 CrAnnual, Monthly, half Yearly
5IDBI Federal Life Insurance co. Ltd.iSecure Flexi Lump Sum PlanMin – 18 Years and Max – 60 yearsMax – 80 yearsMinimum : 10 yrs   Maximum : 62 yrs 50 LacsAnnual, Semi Annual, Quarterly, Monthly

List of Health Insurance Companies in Sikkim

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

First in this list is the Kotak Health Care Premium (Including optional pack 1)Plan which is put forward by Kotak General Insurance. This policy with a premium of 1492 monthly, there would be sum assured of Rs 5 Lacs. Here you will get Hospital Room eligibility with all the categories. There will be no Health checkups. Also, you will Bonus on No claim of 50K SI added/year and no Restoration on the cover.

Next in this list is the Cigma TTK Health insurance coming with its plan named Prohealth Plus SB02. In this policy, you will get a Sum Assured of Rs 5.5 Lacs. For this, you need to pay a premium of Rs 1113 monthly. Here you will get single private Hospital Room eligibility. You can more information on this policy on the company site.

The third one in this list is the Max health Insurance plan named Health Companion. This plan promises you a sum assured of Rs 6 lacs at a monthly premium of Rs 1196. This plan will provide Bonus on No claim of Rs 1 Lac incremental cover/year. And also the restoration of cover for once a year of worth Rs 5 Lacs.

Second last in this list is the Reliance General insurance Health Gain Plan.  With a premium of Rs 1234 monthly, this will provide you a Sum Assured of Rs 6 Lacs. Here you will get the Bonus on No claim of up to Rs 2 Lacs. And restoration covers of Rs up to 6 Lacs for unrelated illness or 1.2 Lacs for repeated illness.

The last one in this list is the Apollo Munich Insurance’s plan named Optima Restore. This plan will provide you sum assured of Rs 5 lacs at a premier of Rs 1371 monthly. These include health checkups of worth 2.5k once every two years, Hospital room eligibility for all the categories, the bonus of no claim of up to Rs 2.5 Lacs and restoration cover of up to Rs 5 Lacs in one year.

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

Sr. No.Company’s NameCompany’s PlanSum InsuredKey FeaturesPremium
1.Kotak General InsuranceKotan Health Care Premium (Including optional pack 1)Rs 5 LacsHospital Room Eligibility   All categories   Bonus on No Claim Rs. 50 K SI added (reduced on claim)/year   Restoration of Cover Not available   Health Checkups Once every year Rs 1492 Monthly
2.Cigma TTK health InsuranceProhealth Plus SB02Rs 5.5 LacsHospital Room Eligibility   Up to single private room   Bonus on No Claim Rs 55K SI added/reduced per year   Restoration of Cover Up to Rs 5.5 Lacs once a year   Health Checkups Once every year, starting year 2 Rs 1113 Monthly
3.Max health InsuranceHealth CopanionRs 6 lacsHospital Room Eligibility   All categories(except suite and above); upto SI   Bonus on No Claim Rs 1 Lac incremental cover/year   Restoration of Cover Up to Rs 5 Lacs once a year   Health Checkups Once every year, starting year 2 Rs 1196 Monthly
4.Reliance General InsuranceHealth GainRs 6 LacsHospital Room Eligibility   Up to single private room   Bonus on No Claim Rs 2 Lacs SI added (reduced on claim)/year   Restoration of Cover Upto Rs 6 Lacs/1.2 Lacs for unrelated/repeated illness   Health Checkups No health checkups Rs 1234 Monthly
5.Apollo MunichOptima restoreRs 5 LacsHospital 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   Health Checkups Upto Rs 2.5K(Rs 1.5K for Individual) at 2 yrs end Rs 1371 Monthly

For more visit please visit the companies sites. this is the approximated data.

Also Read : Insurance Companies in India