Tata AIG, a joint venture between the Tata group and American International Group Inc (AIG), a US-based international insurance and financial services organisation, on Thursday, launched a customised health insurance package for the customers of United Bank of India (UBI) called United Health Solutions.
This is the company?s second guarantee solution in a row after United Child Solutions, which was launched in December 2007. The insurance company through the bancassurance route via UBI will provide United Health Solutions. “We are also planning a third united guarantee solution—a retirement solution—with Tata AIG that will be launched in a couple of months,” said PK Gupta, UBI chairman & managing director.
There are two plans under United Health Solutions—Health Investor and Health Protector. Health Investor provides cover for 12 critical illnesses and associated surgeries and returns the total premium paid if no claim is made on maturity. Stroke, coronary artery bypass, major organ transplant, cancer and Parkinson?s Disease will be covered. The minimum amount of premium to be paid is Rs 3,500 per annum.
The Health Protector is a 5-year accident and health solution that covers cancer care, accidental death benefit, total permanent disability, accident-related hospitalisation cash and term life cover. Minimum premium is Rs 1200 per annum.
