Health Insurance vs Mediclaim Policy

Lot of people confuse between health insurance and mediclaim and when the need arises, are shocked when their claims are not entertained or have a difficult time to figure out what to do when there is a requirement. While mediclaim is a form of health insurance, it is not enough with mediclaim alone […]

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 […]

What is Term Insurance

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 […]