These products are to be taken over and above your Health Insurance Policies.
There are specific diseases which are covered through various types of Health Benefit Plans.
The benefits are paid in lumpsum or are paid yearly for few years once the critical illness occurs.
These are available at a very economical price.
Both Individuals and Corporates should have such policies in their Portfolio.
| Title | Description |
|---|---|
| Details | Health benefit policies provides health insurance cover against certain health risks. The policy pays out a lump sum benefit, irrespective of the actual medical costs incurred on treating an insured's illness or injury. |
| Death Benefit | On unexpected demise of the policy holder, his/her nominee will receive benefit from the Insurance Company. |
| Critical Illness Benefit | If Critical Illness occurs than the insurance company will give lumpsum at the time of critical illness. The future Premiums are waived and yearly benefits are paid for welfare of the insured. |
Minimum & Maximum age at Entry: Varies from company to company
Minimum & Maximum Term: Varies from company to company
Minimum & Maximum Sum Assured: Varies from company to company
Conditions varies from company to company.
Tax Benefits for Individuals: As per Government & Regulatory body’s Guidelines as 80C.
Tax Benefits for Corporates: As per Government & Regulatory body’s Guidelines. This is considered as an expense by the company.
| BENEFITS |
|---|
| If Critical Illness is detected the policy holder gets Lump-sum at the time of Critical Illness occurred and then he gets yearly benefit if any in the policy from Insurance Company. |