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Sub-limits & Various Types of Sub-limits in Health Insurance

WEBSub-limits in health insurance refer to predefined monetary caps or limits placed on specific medical services, treatments, or expenses within a health insurance …

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What is Group Health Insurance

WEBGroup health insurance is offered to a group of people, usually employees of a company or members of an organization. It is designed to provide coverage for …

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Difference- Health Insurance Rider & Health Insurance Add-on

WEBIn health insurance, an add-on cover, also known as an optional or supplementary cover, refers to an additional coverage option that can be purchased …

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Deductibles and Copayments in Health Insurance Policies

WEB1. Lower Premiums: Policies with higher deductibles or co-payment percentages often have lower premium rates since policyholders bear a significant …

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Choosing the Right Group Mediclaim Insurance Policy

WEBSome key features and benefits of a group health insurance policy are-. 1. Comprehensive Coverage: This insurance typically covers hospitalization expenses, pre …

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Fixed Benefit vs. Indemnity Based Health Insurance

WEBOn the other hand, indemnity based insurance plans work differently from fixed-benefit policies. Instead of receiving a lump sum amount upon diagnosis, these …

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Benefits of Group Health Insurance for Employers and Employees

WEB5 Benefits of Group health insurance for employees and Employers in India. 1. Cost-Effective Healthcare Coverage. Group health insurance policies typically offer …

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7 Principles of Insurance: Understanding the Basics

WEBThis means that the insured should be compensated for the actual value of the loss, rather than the full value of the insured item. Principle of Warranty. Doctrine of …

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Group Health Insurance Benefits: All You Wanted to Know

WEBGroup health insurance has become increasingly important in India in recent years. With the rising medical costs and the need for quality healthcare, many …

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Choosing the Perfect Group Health Insurance Plan: 7 Key Factors …

WEBHere are seven key factors to consider: 1. Coverage and Benefits. The primary purpose of any health insurance plan is to provide financial coverage for …

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OPD Full Form in Medical: Definition and Explanation

WEBOPD stands for "Outpatient Department" and refers to the area of a hospital or clinic where patients receive medical care without being admitted as inpatients. In this …

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Claim Settlement Ratio of Insurance Companies

WEBThe CSR is calculated by dividing the total number of claims settled by the insurance company in each period by the total number of claims received during the …

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What is Nature & Characteristics of an Insurance Contract

WEBThese contracts guarantee compensation in the event of certain losses. You must understand the nature and characteristics of an insurance contract to manage the …

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What is D&O Insurance

WEBA Director and Officers (D&O) Insurance policy protects directors, board members, and other individuals in management and supervisory capacity from possible …

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OPD Full Form: What Does OPD Stand for in Medical Terms

WEBCurrent Usage. OPDs are used by patients who require medical attention but do not need to be admitted to the hospital. Patients can visit an OPD for a wide range of …

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Floater vs. Non-Floater Policy: The Key Differences

WEBThis means that in a floater policy, the entire family can share the sum insured, while in a non-floater policy, each member has their own sum insured. …

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IPD Full Form in Medical: Definition and Explanation

WEBDefinition of IPD. IPD stands for In-Patient Department in the medical field. It is a department in a hospital where patients are admitted for further treatment and care. …

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What is the General Insurance Public Sector Association

WEBGIPSA, or General Insurance Public Sector Association, is a group of four general insurance provider organizations. New India Assurance Company Ltd, United …

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Claims from Two 2 Insurance Policies is Possible, Know How

WEBAccording to the Insurance Regulatory and Development Authority of India (IRDAI)1, of the 65,515 non-life insurance grievances reported in 2021-22, 64,625 were …

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