Health Insurance Plans

Life Insurance is a long-term financial safety plan. It provides a payout to your nominee in case of your death, helping your family maintain financial stability and meet future needs like education, loans, or daily expenses.

Health Insurance covers your medical expenses including hospital stays, surgeries, treatments, and more. It ensures that you get quality healthcare without worrying about high medical bills.

Insurance provides peace of mind. Life insurance supports your loved ones in your absence, while health insurance ensures you’re financially prepared for medical emergencies. It helps protect your savings from sudden expenses.

Major life insurance types include Term Plans, Whole Life Insurance, Endowment Plans, ULIPs (Unit Linked Insurance Plans), and Money Back Policies—each designed for different life goals and financial needs.

Term Insurance offers high coverage at low cost for a specified term. If the policyholder passes away during this period, the nominee receives the full sum assured as a death benefit.

Medical tests are often required, especially for higher coverage or for applicants above a certain age. This helps the insurer assess health risks and offer appropriate policy terms.

A pre-existing condition refers to any illness or health issue you had before buying a health insurance policy. Coverage for such conditions usually begins after a waiting period, as mentioned in the policy.

The waiting period is the initial time after buying a policy during which specific illnesses or conditions (like maternity or pre-existing diseases) are not covered. It typically ranges between 1 to 4 years.

Yes, you can hold multiple policies for both life and health coverage. Many people choose separate policies for term life, health, accidental cover, and critical illness to ensure broader protection.

Yes. Life insurance premiums qualify for tax deductions under Section 80C, and health insurance premiums under Section 80D of the Income Tax Act—helping you save on taxes while staying protected.

You can claim health insurance either through cashless treatment at a network hospital or by filing for reimbursement after treatment. Always notify the insurer or TPA before or during hospitalization.

If you miss a premium, most policies allow a grace period (usually 15–30 days). If not paid within this time, the policy may lapse. Some insurers allow policy revival within a certain timeframe with terms and penalties.