L&T Health Insurance

4 / 5 based on 8 User Reviews

L & T Health Insurance Overview

L&T General Insurance Company is wholly owned subsidiary of Larsen & Turbo Limited, which offers various products, such as motor insurance plans, health insurance plans, home insurance plans and corporate insurance plans. L& T General Insurance has a customer-centric policy and keeps an emphasis on quality at every step. The company follows a disciplined and prudent method of underwriting and leverages on technology in order to facilitate efficient operations.  L& T General Insurance has developed solutions for all segments of the market and offers all solutions. Even in the case of Health Insurance, the company offers a range of plans that are designed to meet all the requirements of the individual.

Why Health Insurance Plans?

Health Insurance Plans have become very important in the modern age due to the rising cost of medical expenses and the treatment costs of various ailments. Moreover, the current lifestyle of individuals has made them more prone to diseases and ailments, which require medical attention. Medical costs are spiraling upwards and there is no relative growth in the income of the common man who eventually faces a financial crisis when faced with a medical emergency. Thus, it is prudent to insure oneself against any medical contingencies that may arise so that the financial aspect of the crisis is at leats handled by the insurance company and the medical costs do not become a burden on the average middle-class man.

Advantages & Benefits of availing L&T Health Insurance

Financial services are a relatively new segment in L&T’s business portfolio. The L&T General Insurance company’s strong financial background places it at an advantageous position in the Indian insurance industry. Below are the advantages of buying health insurance plans from L&T General Insurance:

  • The L&T Health Insurance plans offer insurance coverage for the family, with two adults and two  children being covered
  • Medical expenses are covered for 30 days before hospitalization and up to 60 days post hospitalization for the related medical expenses
  • There are free health checkups for all the insured persons at the end of four continuous claim-free years
  • The L&T Health Insurance plans are renewable for the entire life and covers the person for their lifetime
  • There is copayment post 80 years of age
  • Preexisting diseases are covered after an initial waiting period of 3 years
  • There are no limits on hospital room rents
  • L&T General Insurance provides 24x7 claims assistance, so their customers are never at a loss without any guidance or support.

List of L&T Health Insurance plans

The L&T General Insurance company offers both online and offline plans to customers.

  • Medisure Classic Insurance Plan
  • Medisure Prime Insurance Plan
  • Medisure Super Top-up Insurance Plan
  • Medisure Plus Insurance Plan
  • Medisure Personal Accident Plan

Let us take a look at each of them in detail:

L&T Medisure Classic Insurance plan

 This is a L&T health insurance plan covering the hospitalization expenses of the individual with the following features:

  • There is no age restriction on this plan. The plan may be renewed annually or every two years for a lifetime
  • Cashless claims are responded to within six business hours and reimbursement claims are responded to within 6 working days
  • With this insurance plan, in case of accidents, even after the Sum Insured is exhausted, the sum insured of the policy is reinstated to the extent of the claim amount, but not exceeding the sum insured
  • Surgeon, anesthetist, nurses, specialists, OT charges, diagnostic and lab tests, medicines, blood, oxygen and prosthetic equipment are all covered
  • The basic Sum Insured is doubled if the person covered (up to the age of 65 years) contracts a critical illness that specified.
  • This plan has maternity and new born baby cover after a continuous period of 48 months under the policy
  • The policy will be instantly granted without any medical examination, on the condition that the customer is below the age of 50
  • There is a lump sum recovery benefit of Rs.5000 when the hospitalization stay exceeds ten days
  • Pre-existing diseases are covered after a waiting period of three years
  • The L&T Health Insurance plan provides cover for ayurvedic treatment (Non- cosmetic), up to a maximum of Rs. 25000
  • The plan provides cover for treatment of the patient at home on the condition that the medical ailment continues for at least three days
  • Ambulance charges are covered, up to a maximum of Rs. 1500 per hospitalization
  • Hospital cash of Rs. 500 is provided from the 4th to the 10th day of hospital stay
  • Day care procedures are covered up to the limit of the Sum Insured
  • Pre-hospitalization expenses for up to 30 days are covered under this plan, while post-hospitalization expenses of up to 90 days are covered
  • With this plan,  a two year policy can be bought at a 5% discount
  • The plan has a free look period of fifteen days from the date of receipt of the policy document. If the customer is not satisfied, the company will refund the premium that was paid to them, after adjusting the amount spent on stamp duty charges, medical examination and proportionate premium.

Eligibility:

  • Proposer or spouse aged 18 years minimum and children aged 3 months to 23 years can be covered under the plan.

Medisure Prime Insurance Plan

 A health plan that can be taken for the coverage of the entire family covering yourself, spouse, children and dependent parents. The features of this L&T Health Insurance plan are as follows:

  • Medical expenses in case of hospitalization are covered as per the payout limit chosen
  • Pre and post hospitalization expenses covered for 60 and 90 days respectively
  • Emergency ambulance charges are covered up to Rs. 1500 per hospitalization
  • Cash allowance is provided when they hospital stay is more than three days and up to ten days. Rs. 1000 per day is provided.
  • Upon the completion of two successive renewals, health check costs are reimbursed for all insured members aged 45 years and above
  • Nine critical illnesses are covered, for which the sum assured is twice the base plan
  • Newborn coverage is valid till 90 days from the date of birth
  • Pre-existing illnesses are covered subject to a waiting period of two successive policy years
  • In certain areas, concierge service and/ or a personal case manager is assigned
  • The sum assured is Rs. 3 lakhs to Rs. 10 lakhs, in increments of Rs.1 lakh.
  • 10% cumulative No Claim Bonus up to a maximum of 50%
  • Lifelong renewability of the plan
  • The L&T Health Insurance plan has a free look period of fifteen days from the date of receipt of the policy document. If the customer is not satisfied, the company will refund the premium that was paid to them, after adjusting the amount spent on stamp duty charges, medical examination and proportionate premium.
  • Income Tax Benefit under Section 80 D of the Income Tax Act.

Eligibility:

  • Proposer or spouse aged 18 years minimum to 65 years, and children aged 3 months to 18 years can be covered under the plan.
  • No set limit on the age for renewability for this plan.

Medisure Super Top Up Insurance Plan

 A top-up health plan which can be bought to increase the coverage beyond the coverage provided in an existing health plan at low costs. The features are as follows:

  • The plan provides for extension of the coverage amount at lower premiums
  • Medical expenses in case of hospitalization are covered
  • Pre and post hospitalization expenses covered for 30 and 60 days respectively
  • Daycare procedures as approved are covered
  • Emergency ambulance charges are covered
  • No medical tests required till 55 years of age
  • The plan provides a fixed premium after the age of 60 years
  • Income Tax Benefit under Section 80 D of the Income Tax Act.

Eligibility:

  • Individuals aged 18-65 years are eligible to apply. In case of children, the age limit is 91 days to 23 years.

Medisure Plus Insurance Plan

 A unique policy that provides the standard health insurance cover and also allows its customers to design the plan as per their requirements. The features are as follows:

  • This plan provides coverage to grandparents, siblings, grandchildren, children, sons/daughters-in-law, nieces, and nephews
  • Coverage of pre and post hospitalization expenses
  • There is add-on cover for critical illnesses
  • Waiver on sub-limits on rent and ICU expenses
  • Expenses of an accompanying person are covered
  • There is reinstatement of sum insured
  • Recovered benefit is provided
  • There is extended pre and post hospitalization cover
  • Lifetime renewal of the plan is available
  • 10% cumulative No Claim Bonus up to a maximum of 50%
  • Customers can choose to have their policy period for one or two years
  • The plan has a free look period of fifteen days from the date of receipt of the policy document. If the customer is not satisfied, the company will refund the premium that was paid to them, after adjusting the amount spent on stamp duty charges, medical examination and proportionate premium.
  • Income Tax Benefit under Section 80 D of the Income Tax Act.

Eligibility:

  • Proposer or spouse aged 18-65 years and dependent children aged 3 months to 23 years can be covered under the plan.

Medisure Personal Accident Insurance Plan

  A health plan designed to allow a customer and his or her family to be financially secure after an unfortunate event. The features are as follows:

  • This plan provides compensation for the physical loss (disablement or death)  due to an accidental injury within a timeframe of 12 months from the date of accident.
  • The plan offers these various benefits without additional premium –
  1. Education benefit, in which the cost of the education of dependent children are covered in case of accidental death or loss of eyes or limbs or permanent total disablement
  2. Loss of employment benefit, in which, only once during the policy period, a financial compensation of Rs. 15000 or 1% of the Sum Assured, whichever is lower, is provided due to the loss of employment
  3. Additional expenses covered, such as the transportation of mortal remains, ambulance charges and outpatient medical expenses.

This L&T Health Insurance plan offers these various benefits with additional premium

  1. Cost of travel, in which the cost of travel to the residence or the cost of travel of a friend or relative nominated by the customer, to the location of the accident, up to a maximum amount of Rs. 10,000 or 2% of the Sum Insured, whichever is lower.
  2. Cost of supporting items, in which supporting items such as crutches, wheelchair, artificial limbs, etc, which become necessary after an accident are reimbursed, up to a  maximum amount of Rs. 10,000 or 2% of the Sum Insured, whichever is lower.
  3. Medical extension benefit, where the policy can reimburse the hospitalization expense arising out of the accident. The reimbursement amount will be proportional to the additional premium that is paid to avail this benefit under this plan.

Eligibility:

  • Coverage is provided from 5 years – 70 years. Children between the ages of 5 years and 18 years are covered only if one parent is covered.
  • Critical illnesses covered by L&T General Insurance Health Insurance Plans
  • Cancer
  • First heart attack
  • Coronary Bypass Surgery
  • Kidney failure
  • Multiple sclerosis
  • Major organ transplant
  • Stroke
  • Aorta graft surgery
  • Primary pulmonary arterial hypertension

L&T Health Insurance Premium Calculator

Following are some of the instances where the premium has been calculated for L&T Health Insurance Plans using the company’s online premium calculator:

  • A wants to apply for a health insurance plan for himself for a value of Rs.5 lakhs. He is 30 years old and for the stated coverage, the amount of annual premium works out to be Rs. 9439
  • B wants to buy a plan for himself and his newly married wife. He approaches L&T Insurance with a proposal to cover himself and his spouse for Rs.7 lakhs. B is aged 32 years and his wife is aged 30 years. The premium for their health insurance plans comes to Rs.18256.
  • C a 43 year individual needs a health plan for his family comprising of himself, his wife aged 42 years and his 2 children aged 7 and 12 years respectively. The coverage sought is Rs.10 lakhs for which the premium charged is Rs.38, 984.

The table tabulates L&T Health Insurance Premium for an instant reference

Applicant

Number of members covered

Sum Assured

Premium

A

1

5 lakhs

9, 439

B

2

7 lakhs

18, 256

C

4

10 lakhs

38, 984


Applying for L&T Health Insurance Plans

Health insurance plans offered by the L&T General Insurance company can be applied to through multiple channels like:

  • Customers can provide their name, mobile number and email id on the website of the company and request for a call back
  • Individuals desirous of availing any plan can simply call the Sales helpline of the company at 1800 209 5846 and speak to the customer service representative.
  • Interested customers may write directly to the company.
  • Customers can visit the website, clicking on the ‘downloads’ tab. A new page will then open that will contain PDF links to the different insurance plan, the customer will need to download the Proposal Form, and then they will need to fill it up and visit the nearest company branch or meet with an agent.
  • The customer may send a message to the company by sending an SMS "LTI" to 5607058
  • Lastly, customers may also visit the company’s branches or get in touch with an agent to buy the plans required.

L&T Health Insurance - FAQs

1. How to pay a premium? What are the modes of payment available?

The L&T General insurance company Ltd. offers different modes of premium payment namely:
Cash payment at the branch
Cheque payment at the branch
For more information about the various payment options you can call on the toll free number 1800-209-5846

2. How can I check policy status for L&T health insurance plan?

Registred users can check L&T Health Insurance policy status online. Simply enter your policy details on the e-portal.
You can send an SMS from your registered mobile number: SMS "LTI" to 5607058
Alternatively, call toll free number 1800-209-5846 to inquire the status. You must have the L&T Health Insurance policy details handy.

3. What is the L&T health insurance plan renewal process?

Renew your L&T Health Insurance policy online in the following way;
Step1: Enter your client ID and Date of Birth to login into e-portal 
Step2: Choose the policy and the payment mode (Debit/Credit Card or Net Banking)
Step3: Print/save the premium deposit receipt once the payment is successful
Alterantively, you can pay via cash/cheque at any of the nearest at collection center.
Call Toll free: 1800-209-5846 to inquire more.

4. What is the company’s process to settle L&T Health Insurance claim?

Download the suitable claims form from e-portal. Fill it and attach with relevant documents. Submit it at the nearest branch. Upon successful completion of the process, the claims will be settled within 30 days.

5. What is the L&T Health Insurance policy cancellation process?

You can cancel the policy with necessary documents before the expiry date. Just visit the nearest branch with your policy documents. To inquire more please call toll free: 1800-209-5846.

 

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Reviews for L&T Health Insurance

TOTAL REVIEWS (8)
M
Chennai
February 18, 2016

"Awesome"

I buy L&T health insurance plan with great benefits. Like policy coverage is 90% and the premiums are low. The claim is Rs.3 lakh and the procedure to get claim is really easy because the service is fast and always on time.
Plan Name: my:health Medisure Classic
Agent Code: BPW00177

Neeraj
Gurgaon
February 13, 2016

Nice Health Policy

Health insurance from l&t general. The policy have nice features like claims and policy coverage nice with 90% payback on the spot. The service fast and ambulance is free of cost from door to hospital and back to house.
Plan Name: MEDISURE SUPER TOP UP
Agent Code: BPW01850

Aditya
Thane
February 02, 2016

"Taste Good"

Last month I got my health insurance from L&T General Insurance. It is so catchy that i can't loose this one. The premium rate are very reasonable and the benefits are far good. The services of the company is commendable. Good job guys.
Plan Name: my:health Medisure Classic
Agent Code: BPW01805

ROBIN
Mandla
February 01, 2016

"Okay Facilites"

Recently I buy the health insurance from L&T General Insurance. They provide me good policy in fair price. They provide good deal for middle class people. The service is good . The claim is bit delay but surely done. And really good amount is recover. Over all good ploicy.
Plan Name: MEDISURE SUPER TOP UP
Agent Code: BPW01805

Bilquis
Bangalore
January 29, 2016

"Good Benefits"

The service provided was very fast based on the claim submitted with L&T General Insurance. They are processing the claim within 2-3hours of time. They are providing coverage for the small expenses but not for the expected disease. The coverage amount provided was around 5lakhs in the insurance. Ms.khusboo supported me very well in the Insurance process. At the end good sevices and great treatments.
Plan Name: MEDISURE SUPER TOP UP
Agent Code: BPW01805

SHITAL
Thane
January 29, 2016

"Cashless Benefits"

For my friend's sake I got this health insurance and just know about this policy is that cashless benefit. Till now I don't have any claim experience. Medical coverage is three lakhs as this is family package where three members are included. Premium is about 6 thousand. Not a bad deal.
Plan Name: my:health Medisure Classic
Agent Code: BPW01805

Rajesh
Hyderabad
January 29, 2016

"Good Benefits"

I am having the health insurance policy with the L&T General Insurance company. The premium is around Rs16000 per years and I dint claimed anytime. The coverage is only for me and the customer service is also good and they are having enough number of networking hospital across the cities.
Plan Name: my:health Medisure Classic
Agent Code: BPW01805

Rahul
Pune
January 29, 2016

"Good"

Recently change my health insurance because the last company's services is very bad. I claim three times but there is no out come. Now I'm with L&T General Insurance which gave me great services and claims. I'm really very happy with this policy.
Plan Name: my:health Medisure Classic
Agent Code: BPW01805