What is Restore Option? Now days a concept of “Restore” is introduced to the health insurance products. Under this option the sum insured is reinstated (restore) after it has been exhausted before a policy year ends. Let’s see an example:…
Tag: Mediclaim cashless health cover
Whose health policy suits you better, life insurance cos or general insurers
The debate on whether health insurance is safer in the hands of life companies or general insurers has been on since quite some time in India. Today, a host of non-life and life companies, including public sector behemoth Life Insurance Corporation (LIC) offer health cover to individuals. While the non-life companies continue to dominate the health space, this does not mean that they have had a smooth sailing all along, having been beset with loss-making health portfolios.
New India to launch premium health policy shortly
Leading state-run general insurer New India Assurance Company today said it will soon launch a new premium Mediclaim product as a part of its efforts to resolve the issue over the cashless health cover, which the state-run players had discontinued early July alleging inflated billing by hospitals.