Sunday, December 2, 2007

Product May Hit Market IN Dec Family Health Insurance

Family Health Insurance In the pipeline is a senior citizen’s health insurance policy.29 Life Insurance Corporation of India (LIC) hopes to launch its health insurance product by the third week of December.

Family Health Insurance would be on the lines of floater plan which would give the policyholder the option to take health insurance cover for his immediate family. LIC has tied up with Munich Re to structure the new product.

The official also said that the product is not based on the cashless transaction model and the company is targeting to provide health cover to close to one crore families in the first year of the launch of the product Family Health Insurance.the health insurance operations would be a part of the life insurance business.

based on which LIC would instruct the bankers to issue the claim cheque to its health insurance policyholders Family Health Insurance. This will help us settle claims much faster than what is happening in the market at the moment.crore from the health insurance policy in the first year Family Health Insurance.Also in the pipeline is a senior citizens health insurance policy.

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