Narayana Health Insurance Ltd. Launches First Health Insurance Product ‘Aditi’ at Rs 10,000 Premium
Narayana Health Insurance Ltd. (NHIL), a new venture by Bengaluru-based hospital chain Narayana Health, has made a significant announcement on Monday with the launch of its first health insurance product, ‘Aditi’. This new insurance product aims to provide comprehensive coverage to individuals, with a sum assured of Rs 1 crore for surgeries and Rs 5 lakh for medical management at Narayana Health network hospitals.
The plan, named after the goddess of abundance and prosperity, is designed to bridge the gap in healthcare access for the masses in India by offering comprehensive coverage at an affordable price point. Aditi can be availed at a premium of Rs 10,000 per year, making it accessible to a wide range of individuals.
Devi Shetty, the chairman of Narayana Health and Narayana Health Insurance, emphasized the importance of empowering working-class and poor people with quality healthcare. He stated, “Narayana ‘ADITI’ is designed to protect families from the financial burdens of medical expenses, offering peace of mind during challenging times. With the launch of Aditi, we embark on a transformative journey to make quality healthcare a reality for every Indian.”
The plan will initially be rolled out in Mysuru and Bengaluru, followed by Kolkata and Delhi. Aditi will provide coverage for surgeries including heart, kidney, and lung transplants, as well as medical treatments. The coverage extends to individuals aged 18 and above, with family coverage including up to 2 adults and 4 children.
Viren Prasad Shetty, vice chairman of Narayana Hrudayalaya Ltd., highlighted the proactive approach of Aditi towards healthcare. He stated, “We designed Aditi to redefine health insurance as a tool for proactive healthcare, not reactive treatment. Aditi offers a single plan that prioritises life-saving care, eliminates hidden fees, and doesn’t have long waiting periods.”
Narayana Health, with its 21 hospital networks across India and numerous clinics, is committed to providing quality healthcare services to the masses. The launch of Aditi under the NHI venture reflects the company’s dedication to making healthcare accessible and affordable for all.
In the financial aspect, Narayana Health posted consolidated total operating revenues of Rs 5,018.3 crore in 2023-24, with an Ebitda of Rs 1,227.5 crore and a consolidated profit after tax of Rs 789.6 crore. These figures demonstrate the company’s strong financial performance and growth trajectory.
Overall, the launch of ‘Aditi’ by Narayana Health Insurance Ltd. marks a significant step towards making quality healthcare accessible to all individuals in India. With its comprehensive coverage and affordable premium, Aditi is set to make a positive impact on the healthcare landscape in the country.