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Know about Liability Limits of your health insurance policy. LIABILITY LIMITS : Liability limit specifies sub-limits for particular disease or component of expenses incurred on hospitalization. Most of the policies from Public Sector as well as Star Health Insurance and IFFCO Tokyo specifies cap (limit) on Room Rent Charges 1% to 2% of […] When does the health insurance policy you purchased get active? Warming Up Period: Health Insurance provides reimbursement of expense incurred due to hospitalization. Hospitalization due to accident is covered from the day policy is underwritten (Reader please note that mere acceptance of check or even clearance of check from your account […] Details on coverage in an Insurance Policy What is covered Health Insurance covers hospitalization expenses incurred as an in-patient in a Hospital which will include: Room, Boarding and Operation Theatre charges; Fees of Surgeon, Anesthetist, Nurses, Specialists; and the cost of diagnostic tests, medicines, blood, oxygen, appliances like pacemaker, artificial limbs […] How to Choose the best product for your needs? There are broadly two kinds of product that are available Hospital Cash – They provide lump sum benefit in case of hospitalization regardless of the expense incurred. They are basically defined benefit product (i.e. regardless of actual expense incurred, they will pay […] Term Insurance Explained When an insurance policy is purchased to give coverage for a predefined duration of time (term) , it is known as a Term Insurance Policy. For example in my case I took a home loan for 10 Lacs. To avoid the burden on the family in case of […] |
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