InsureRelaxInfo

As now a days many people preferring alternative forms of treatments, several non-life insurance companies are planning to launch retail health insurance policies that cover alternative forms of treatments. And those insurers which already cover such treatments are in the process of increasing the limits.
Alternative treatments are referred to as Ayush (Ayurveda, Unani, Sidha and Homeopathy).
Even policies that cover alternative treatments, excludes naturopathy treatment, acupressure, acupuncture, magnetic therapy, massages, steam bathing and shirodhara.
At present alternative treatments are covered by only seven non-life insurance companies that even with limits and conditions. Insurers that cover hospitalization under alternative treatments include four PSU non-life insurers –National Insurance, Oriental Insurance, New India Assurance and United India Insurance and three private insurers -TATA AIG, HDFC Ergo and CholaMandalam General Insurance.
Country’s largest general insurer, New India Assurance, covers alternative treatments up to 25% of the sum assured. TATA AIG’s MediPrime cover alternative treatments with limits. National Insurance covers alternative treatments up to the sum insured in their individual policy.
In many ways, treatment under alternative forms of medicines is quite similar to the treatment procedures followed under allopathic medicines. But because alternative forms of medicine are considered outside the scope of traditional medicine, most of the non-life insurers do not cover it under health insurance policies.