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What is the meaning of The Health Insurance Policy?

The health insurance policy gives you coverage against hefty medical expenses that may arise due to sickness and accidental injury. In most cases, health insurance to people in the age group of 5 to 80 years. In some cases, children under five years are covered if their parents are also covered. Health insurance is a […]

Do you have a ‘partner in tragedy’ for your home?

Home Insurance as a partner in tragedy It is a blessing to have a partner with whom you can share your joys and sorrows. This is indeed significant when you have a home of your own. A house provides you with a sense of security. However, it comes with the responsibility to take care of […]

What makes home insurance important?

A home is a valuable possession. We carefully choose a place to live and turn it into our home. We maintain our home well and take essential steps to protect it from any harm. In this article, we’ll get to learn about the important aspects and the need for a home insurance policy. However, are […]

HOME INSURANCE

Why protect house property and contents? There is no place like Home, it’s our most valued possession and our heaven on earth. Few things in life matter as much to us, as our home does. After all, it’s the heart of our family, our possessions, our priceless investment and our memories. From a long-term perspective, […]

What valuables can be covered under Burglary Insurance for Home?

If you have burglary insurance, you can get financial protection against loss or damage caused to your valuables. In burglary insurance for home, valuables include= Gold, silver, or any other precious article or metal which are made from precious metals Jewelry, watches or precious metals, stones or stamps, collection of stamps, rare books, medals, designs, […]

What are the points to keep in mind while buying home insurance?

A home insurance policy protects you and your house against unforeseen calamities. However, while buying a home insurance policy there are certain aspects that one needs to keep in mind. Let’s take a look at the key points one should consider while buying a home insurance policy – Type of coverage Home insurance has two […]

What is Waiting Period in Mediclaim Policy for Senior Citizens?

With age, the human body also loses its shine and strength. As a result, it becomes more vulnerable to ailments. Further, if we consider today’s medical inflation rate, it’s easy to say that, falling ill has become a costly affair! Quite expectedly, Mediclaim policy for senior citizens becomes a necessity. As such, policies cover hospitalization […]

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Definitioner

Co-payment: Co-payment - is a cost-sharing requirement under a health insurance policy that provides that the policyholder/insured will bear a specified percentage of the admissible claim amount. A co-payment does not reduce the Sum Insured.
Claim: Claim - means a demand made by You or on Your behalf for payment of Medical Expenses or any other expenses or benefits, as covered under the Policy
Ambulance Charges: This benefit provides for reimbursement to the Insured/Insured Person of expenses incurred for his/her transportation by ambulance to and from the Hospital for treatment of disease / illness / injury / critical illness in a Hospital as an in-patient for which a valid claim under this Policy is admissible, subject to the limits as specified in the Schedule to this Policy. This benefit is applicable irrespective of the number of occurrences during the Policy period subject to the overall Sum Insured.
Policy: "Policy" means this document of Policy describing the terms and conditions of this contract of insurance, including the company's covering letter to the insured if any, the Schedule attached to and forming part of this Policy, the Insured's Proposer form and any applicable endorsement thereon. The Policy contains details of the scope and extent of cover available to the Insured/Insured Person, the exclusions from the scope of cover and the terms and conditions of the issue of the Policy.
Insured: "Insured" means the individual who has a permanent place of residence in India and on whose name the Policy is issued.
Disease: "Disease" means an alteration in the state of the body or of some of its organs, interrupting or disturbing the performance of the functions, and causing or threatening pain and weakness or physical or mental disorder and certified by a Medical Practitioner.
Accident: "Accident" means a sudden, unforeseen and unexpected physical event beyond the control of the Insured/Insured Person resulting in bodily injury, caused by external, visible and violent means.