What is a cashless facility

Know about cashless facility for health insurance policy

CASHLESS FACILITY: This is the most important criterion since it gives mental peace that insured does not need to have cash in bank for getting treatment done. Many of the insurance company have Third Party Arrangement (TPA) which on behalf of the Insurance […]

What is warming up period in Insurance?

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 […]

What is covered and what is not?

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 […]

What product (individual or floater) or category (Mediclaim or Hospital Cash) should I go for?

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 […]

LIC’s New Jeevan Nidhi Plan

Life Insurance Corporation, known popularly as LIC has launched a new Pension Plan recently. Called New Jeevan Nidhi Plan, it is a conventional with profits pension plan which provides for death cover during the deferment period and offers annuity on survival to the date of vesting.

Anyone in the age group […]