PNB MetLife India Insurance Co., Ltd., (PNB MetLife), today launched the PNB MetLife Dental Care Plan, to address the emerging needs of the customer of today.
This is the first insurance plan in India that covers fixed-benefit outpatient expenses and provides financial assistance with costs related to overall dental health, it said in a press statement.
This launch reinforces PNB MetLife leadership in the industry with this one-of-a-kind, standalone, dental health insurance plan that covers major dental procedures without the hassles of hospitalization.
Data from Allied Market Research indicates that the Indian dental insurance industry would be worth $3.65 billion by 2030.
According to the Indian National Oral Health Survey, 90 percent of adults have oral health issues and most dental visits are for treatment of dental problems such as gum infection, decay, tooth loss, loosening of teeth, and significant dental infection and vascular damage. Several studies have even linked dental health to some chronic disorders such as diabetes and stroke.
PNB MetLife's new Dental Care Plan will help customers manage their dental health and ensure they do not have to dive into their savings or reduce their essential spending in order to make space for dental treatment.
To provide convenience to its customers, PNB MetLife has tied up with more than 340+ dental clinics, including Clove Dental and Sabka Dentist, two of India’s largest dental clinic chains with clinics across key cities in India, where policyholders can enjoy the full value of their benefits.
Commenting on the launch, Ashish Kumar Srivastava, MD & CEO, PNB MetLife, said, “Dental treatment is expensive due to the requisite skill, specialized infrastructure, and impact of inflation. People spend a lot of money and pay out of their own pockets for dental procedures. Aligned to the ‘Circle of Life’ ethos, we, at PNB MetLife, aim to meet the different financial needs of our customers and PNB MetLife Dental Care is a step towards the right direction.”
Key Highlights of the Dental Care plan
Innovative product, backed by the global dental leadership of MetLife Inc.
Access to insurance without having to face the hassles of overnight hospitalization
Fixed benefits ranging from Rs 350 to Rs 7,500 per procedure and a sum assured of up to Rs 50,000
Expansive network of dental service providers, and a tie up with Clove Dental
Cashless facility and simplified claims process
Tax benefit exceptions under Sec 80D
Pays fixed benefits for the specific outpatient and accidental dental procedures
This plan complements any current health insurance plan in the market, such as Mediclaim or Critical Illness, in which the dental benefits are either uninsured or paid after minimum hospitalization of 24 hours, the statement added.