A Health Insurance policy is a reimbursement of the medical expenses. Well Critical illness insurance is a benefit policy. Under a benefit policy upon the occurrence of an event, the insurance company pays the policyholder a lump sum amount. Under a Critical Illness policy, if the insured is diagnosed with any critical illness as specified in the policy.
Group health insurance is beneficial because it is cheaper then individual insurance. Group health insurance also offers plans to protect you from more things for a better price.
A provision in an insurance policy allowing for amendments to its terms and/or coverage. Usually riders are placed on health insurance companies to exclude specific pre-existing conditions. The insurance rider is an added feature to a policy. An example is a money back rider on a term policy which would return the premiums at the end of the policy term. You generally pay extra for a rider as it is an additional benefit.
No. Most plans don't offer provisions for putting a parent on their insurance.
NO
No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.
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.
Double indemnity can be added to an insurance policy to allow the insured to receive a higher benefit.
Double indemnity can be added to an insurance policy to allow the insured to receive a higher benefit.
your mother
As long as you are a legal guardian then he should be able to be added.
A graded benefit life insurance plan is offered when the customer has an extensive health issues history. The difference between the graded life insurance and the level life insurance policy is that graded plan will pay less than the face amount of the policy in the first two policy years if the insured dies before the third policy year. Usually in the first two policy years the benefit paid equals the amount of insurance premiums paid plus a %.