In the post-corona world, as people become more alert towards better health care practices, health insurers need to adopt a new sales pitch for them as well.
Illnesses like cancer, stroke, kidney failure, etc., are some of the examples of critical illnesses that have severe financial and health consequences.
The No Claim Bonus (NCB) is a key feature of any insurance policy and is offered as a reward to the policyholder for not making any claims in a particular policy year.
Copay is a feature present in some health insurance policies that refers to a percentage of total medical cost that would be borne by the policyholder.
The basic objective of wellness returns features in a policy is to promote, incentivise, and reward policyholders for adopting healthy lifestyle practices.
Health insurance policies provide for free medical checkup to its policyholders but there are many misconceptions associated with it and many policyholders do not opt for it.