United India Insurance Company's 'Innovative' Health Insurance Policies

Public sector United India Insurance Company (UIIC) today launched two 'Top Up' health insurance policies providing additional hospitalisation cover for individuals.
"This is really an innovative policy and it is not only for United India customers but for other customers also" United India Insurance Company Chairman and Managing Director G Srinivasan told reporters here.
The two insurance policies 'Super Top Up' Medicare Policy and 'Top Up' Medicare Policy are available for any individual who is looking for medical insurance between Rs five lakh to Rs 15 lakh, he said.
While the 'Top Up' policy covers in-patient hospitalisation expenses, Pre and Post Hospitalisation expenses and ambulance, 'Super Top Up' policy gives protection when the total hospitalisation expenses (of the individual) exceeds a particular level.
"These policies introduce the concept of coverage beyond a particular level chosen by the insurer", he said adding, if the expenses exceed a level for example Rs three lakh, for a single hospitalisation, then the Top Up Policy will provide the cover for the amount.
"Similarly, if the total of all hospitalisation expenses incurred during the policy period exceeds a particular sum, then Super Top Up Policy will step into provide for the entire sum" he said.
Both the Super Top Up and Top Up Policies can be taken on family basis with a single sum insured or on an individual basis where the sum insured and threshold level are specified for each person, he said.
United India Insurance recorded a premium of Rs 3,740 crore in 2007-08 with a net profit of Rs 631.62 crore. Source:Outlookmoney