IndiaFirst Life cooperates with health insurance
Today, IndiaFirst Life Insurance cooperates with the health insurance segment by launching a new product. IndiaFirst Life Insurance expects this new product will increase about 10% of its total premium within next three years. P Nandagopal as Managing Director and Chief Executive Officer of IndiaFirst Life Insurance explained that the best potential in the insurance sector is health insurance.
Today, we have issued first plan about IndiaFirst Money Back Health Insurance Plan. The Money Back Plan will give protection to customers during 10 years. Rs 10,000 are the minimum premium payout of the customer. The cost of health insurance cover is a minimum about Rs 1.5 lakh and maximum of Rs 10 lakh.
“Health insurance, pension and micro-insurance, will be our three focus areas and we hope that 10% of our total business comes from health insurance within three years,” Nandagopal added. “In addition, we intend selling at least one lakh health insurance policies in next three years”, it said. Then, its plan will give health cover as well as savings option to the customer.
The premium is depend on the age and health of the customer and would be saved into the buyer’s policy account. For getting optimum returns, this money will be invested in various funds. Nandagopal told that this plan would give a comprehensive health cover for the entire family along with the investment flexibility in order to develop wealth by investing in different funds under a single plan.