• July 2, 2020
• |
• Shreyans Maini

A policyholder is eligible for tax exemption under Section 80D of the Income Tax Act for the premium paid.

• July 2, 2020
• |
• Shreyans Maini

Illnesses like cancer, stroke, kidney failure, etc., are some of the examples of critical illnesses that have severe financial and health consequences.

• July 2, 2020
• |
• Shreyans Maini

What happens if your medical costs for a year run over the Sum Insured by your policy?

• July 2, 2020
• |
• Shreyans Maini

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.

• July 2, 2020
• |
• Shreyans Maini

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.

• July 2, 2020
• |
• Shreyans Maini

The basic objective of wellness returns features in a policy is to promote, incentivise, and reward policyholders for adopting healthy lifestyle practices.