Although "health rider" is not really a term of art in the US life insurance market, in other places it refers to something like a critical illness policy that is annexed to a life insurance policy. If the insured becomes ill or injured from a cause covered by the rider, the rider may allow the insured access to the life insurance proceeds to assist in the payment of medical expenses as they accrue.
A rider of any sort usually is for the same duration as the policy. Therefore, as long as premiums are paid for the policy (and for the rider if it requires an additional premium), and the coverages began at the same time, they should be coterminous. Keep in mind, though, that the terms and conditions of the insurance contract always prevail.
Well, if it is a Term Assurance Policy, there is no maturity benefit. However, in Endowment Policy, you are of course entitled to maturity benefit.
There is no difference. These are just two different terms referring to the same thing.
You need to contact the agent or the insurance company for that policy directly.
NO
The expenses which do not come within the purview of Health Insurance Policy (duly provided in the Mediclaim Policy Prospectus) are called Health Insurance deductibles.
Now a days there are many Insurance provider companies offering range of medical Insurance policies, like; individual health Insurance policy, family health Insurance policy, group health plans and others. HDFC ERGO is one of the leading health Insurance policy provider, you can check HDFC ERGO's health policies.
There are multiple kinds of insurance policies available to cover almost everything: Such as Life insurance, Insurance for your property, Insurance for your vehicle and even Insurance for your health.
Yes you can collect your maturity amount from insurance company. Infact insurance company send you an information in advance to policy holder regarding the maturity of the policy. The policy holder required to fill the form along with documents attached as per requirements. If the paper work is done properly and verified then the payment is either sent by post or directly credited in your bank account.
A life insurance policy becomes paid up when all premiums as defined in the policy bond have been paid in full.A life insurance policy ought to be paid up before maturity for smooth disposal of maturity amount to the policy holder or its nominee. Premiums for a life insurance policy should be paid up for a minimum period of 3 years to attract surrender value.
No. Only legal dependents can be added to your health insurance policy.
'Not applicable' in Health Insurance policy menas the terms that dod not come under the purview of the health insurance policy and should be ignored. It has to be ascertained carefully whether the 'not applicable' conditions affects the insurable interest of the policy holder.
In India, LIC of India sells health policy viz., Jeevan Arogya. But technically, health insurance policy comes within the purview of general insurance. Star Health & Allied Insurance Co.Ltd. in the general insurance sectors sells only Health insurance polcies.