Business   

Metlife forays into health insurance

NEW DELHI: MetLife India Insurance on Monday announced its foray into the health insurance sector with the launch of an innovative scheme ‘Met Health Care’ offering daily cash benefits in the case of hospitalisation and the option of undergoing no medical test before availing of the cover.

The product offers its customers a daily cash benefit in the case of hospitalisation and a lump sum benefit in the case of critical illness or accidental total and permanent disability, the company said in a statement here.

At the same time, customers are not required to undergo any medical tests to avail themselves of this plan.

MetLife India Managing Director Rajesh Relan said health insurance in India was today recognised as one of the primary protection needs for a family.

“Launching Met Health Care, our first health insurance product, is a natural progression in our journey to offer the consumer a complete range of protection plans to suit their various needs,” he added.

The launch of the scheme would significantly complement the company’s existing products and services, he said. MetLife has been among the top three fastest-growing life insurance companies for the last 30 months.

The company grew at 40 per cent last year while the industry was facing a slowdown.

The product is being launched with comprehensive training to financial advisors across the country to provide need-based solutions to customers, Mr. Relan said.

He said the company believed in a multi-distribution approach for reaching customers across the length and breadth of the country. MetLife has over 55,000 financial advisors, all of whom have gone through rigorous training to understand customer needs.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Trade policy to address exporters’ demands
Hike in coal prices sought
Coal India to import 4 million tonnes
Metlife forays into health insurance
Swine flu fears pull down Sensex
Slowdown in tax collections
Car sales up 30 % in July
Divestment in MOIL, NMDC: Steel Ministry awaits Centre’s nod
Exchange Rates
Bullion Rates
Biocon subsidiary gets research accreditation
Analog selects MetricStream’s software
Micro Focus partners L & T Infotech
Gujarat NRE Mineral to issue bonus shares
New VP and GM for Hitachi Data
S&P appoints new South Asian head
Karnataka Bank declares Rs. 6 per share

Copyright © 2009, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu