LIC is keen to re-enter the mediclaim segment as and when the regulator provides clarity on the issue, its chairman has said.

While the payment of an indemnity plan is linked to actual expenses the defined benefit plan pays the claim on occurrence of a pre-defined ...

Covid Kavach is an indemnity plan that is available for individuals and families and will offer sum insured of up to Rs 5 lakh for hospital...

A benefit-based policy will ensure a fixed and guaranteed lump sum amount equal to the sum insured if one tests positive for Covid-19 and i...

Many companies are making efforts to launch COVID- specific products with provisions for home care. MD & CEO of ICICI Lombard Bhargava Dasg...

Spurred by the insurance regulator to come up with Covid-specific products, several such plans have flooded the market in the past month or...

Indemnity-based health plans are basically those insurance policies where the insured is reimbursed the actual expense incurred during hosp...

Minimum entry age of the policyholder should be 18 years and the maximum entry age should be 65 years. However, a proposer, who is older ca...

Most people buy indemnity cover, commonly known as mediclaim. There are primarily two ways in which an indemnity type health insurance clai...

If you have a family history or if one member has an adverse health condition, buying individual health cover will help in the long run.

Some life insurers also sell health insurance policies, both indemnity and fixed benefit covers, the latter being more commonly offered.

Irda has asked insurance companies to withdraw products by giving three months' notice to policyholders and to continue existing contracts ...

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An independent cover will not only help you during a job switch but also come in handy in case your claim breaches the Rs 3-5 lakh limit.

Health plan should be taken only to enhance a mediclaim policy since it covers incidental expenses as opposed to an indemnity plan.

The need for health insurance is unquestionable in view of the rising incidences of health issues and spiralling medical inflation.

Over the past few days, many cell-phone users have been bombarded with calls or SMSes, urging them to buy a new 'three-in-one' plan fromLIC.