Insurance By Choice

HDFC Standard Life ventured into Health Insurance market and launched HDFC Critical Care. The policy provides covers against around 30 critical illnesses. Minimum sum insured is of 2 Lakhs and maximum 20 Lakhs.

Policy cover of HDFC Critical Care is available for 20 years. One can take policy starting from five years and min and max age at entry is 18 and 55 years.

MAX India and BUPA are planning to launch a separate Health Insurance Company soon. It is expected that BUPA will hold around 26% of stakes in Max Bupa Health Insurance Ltd which will start operations in around 12 months. India is being eyed as huge market place for Health Insurance as a result of increasing spending power and average age is expected to reach around 29 years in a spam of 12 years.