2019-08-11_Business_Today

Bajaj General Insurance are offering

iSecure and Health Guard under the

combi plan (these are their existing

products).

Each insurer does separate un-

derwriting. The buyer is informed

about the premium for each portion

PRODUCT NAME LIFE HEALTH

DISCOUNT ON

PREMIUM

Click2protect Health HDFC Life Apollo Munich 5%

Total Health Secure Goal Bajaj Allianz Life Bajaj Allianz General 5%

Life-n-Health Protect Aegon Life Royal Sundaram 1.50%

Star First Comprehensive India First Life Star Health NA

DISCOUNT ON OFFER

ance are existing products. Insur-
ance companies can offer existing
products without changes but the
final combi plans have to be cleared
by the IRDAI. HDFC is offering its
Click2protect with Apollo Munich's
health plan. Bajaj Allianz Life and

and can claim tax deduction for life

insurance premium under Section

80C and health insurance premium

under Section 80 (D).

The two insurers sign a memo-

randum of understanding on the mo-

dus operandi of marketing, service

and sharing of common expenses.

There is one lead insurer who is

the point of contact for the insured.

Generally, it is the health insurer

provider, as the number of health

claims is likely to be higher. But the

customer can contact either insurer

and he or she will be directed to the

respective insurer in case of a claim.

“The customer can connect with ei-

ther Star Health or IndiaFirst Life

and they will, in turn, handhold the

claimant as needed,” says Rushabh

August 11 I 2019 I BUSINESS TODAY I 113