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    Home » Insuropedia » senior citizen health policy

    Articles Tagged: senior citizen health policy

    What happens when you cancel a senior citizen health policy midway through the policy year?

    If you have a senior citizen health insurance policy, it is feasible to cancel the policy midway through the policy year. Here it is important to note that a health insurance company can also cancel the insurance policy by sending 30 days’ notice at the insured’s last registered address. In such a case, the insurer […]

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    What Should You Know If You are Buying Health Insurance for Your Parents?

    Given the current medical inflation, health insurance is a must-have cover for individuals at an advanced age, and if they happen to be your parents, the need of buying a senior citizen health insurance becomes more aggressive. With age, not only our experience increases, but the list of medical ailments also increases. As the older […]

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      Definitioner

      Sum Insured
      "Sum Insured" means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.
      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. 
      Family
      "Family" means the Insured, his/her lawful spouse and maximum of two dependent children up to the age of 23 years.  xii) Arthritis, goutandrheumatism.