Health Financing/Insurance

Customised health cover launched

A new health insurance package, focused on people who prefer a customised solution, was launched recently. The United Health Solution, a joint venture of United Bank of India with Tata AIG Life, is said to be tailored for Indian customers.

Experts have said health expenses are a major cause of concern amongst individuals, especially when budget increases for the treatment of diseases like cancer, stroke, and coronary bypass surgery, since these treatments come at a high cost. United Health Solution offers reimbursement services, if the sum is not used customers do not have to pay the premium and they can get back the entire amount they have invested on this solution package.

“We have witnessed a significant growth over the years and United Bank of India (UBI), holds a larger share of the company. We are ready to make partners with other commercial banks in near future,” said Mr Trevor Bull, the company’s managing director.

With 230 branches all over India there are plans to open up 35 new branches within March 2008. According to Mr PK Gupta, chairman and managing director of United Bank of India, “Our marketing team is already strong enough and our prime motive is to honestly explain the features of this solution and if customers think it to be a positive investment then they would definitely purchase our product.”

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