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Chief Life Insurance Advisor, Jeypore, Odisha
LIC Jeevan Amar Table 855 is a New Term Plan by LIC. Jeevan Amar is a non-linked, non-participating life term insurance plan. LIC Jeevan Amar is offline term plan. The features of this plan are similar to LIC Tech Term Online Term Plan (Table 854). The main difference between these two plans is the amount of sum assured and mode of purchase. LIC Jeevan Amar is available only for offline purchase. Along with LIC Jeevan Amar, another online term plan LIC Tech Term is launched. You can read a review of LIC Tech Term plan here. Prior to this LIC has already launched other term plans such as e-Term, Amulya Jeevan, Anmol Jeevan, etc. However, this plan is different. Here is information about LIC Jeevan Amar.
There’s no denying that a health insurance policy is crucial to managing the healthcare needs and expenses of your family. But with so many health insurance plans in the market, you may end up confused. Especially if you’re new to this, buying medical insurance plans may seem like a hassle with all that paperwork and planning.
With Max Bupa’s Health Companion, an affordable and comprehensive family floater health insurance, you can say goodbye to your insurance worries. Designed for individuals, couples, and nuclear families, this policy offers a solid cover of up to Rs. 1 crore. With lifetime renewability and smart top-up options to boost your coverage, you enjoy cashless treatments in 4000 Max Bupa network hospitals. What’s more, you can also claim tax benefit under section 80D of the IT Act. Get refill benefits and hospital accommodation for your loved ones with no limits. And if you opt for a two-year policy, you get a flat 12.5% discount on the second year’s premium. These and more excellent features make the Health Companion the best mediclaim policy for family! Let’s take a look.
Some treatments don’t need the patient to be hospitalized. This family medical insurance plan covers all such procedures.
For every claim-free year, you receive a no-claim bonus of 20% of your basic sum up to a maximum of 100%.
We compensate you for medical expenses associated with hospitalization 30 days before the hospitalization and 60 days after.
Depending on your plan, you receive a complimentary health check-up once a year or once every two years.
If the base amount or the no-claim bonus has been exhausted (partially or completely), this health insurance plan refills your sum insured, up to the base sum insured.
We offer cashless facility to customers taking treatment in our local network of more than 3500 hospitals. For the remaining hospitals, the insured can claim through reimbursement mode.
If you do not want to proceed with your health insurance policy, you can request a refund within 15 days from receiving the policy document.
Max Bupa Health Companion offers customized medical insurance plans for everyone. One of the leading health insurance companies in India, Max Bupa is the only company that has been a Superbrand for two consecutive years.
Health insurance policies here at Max Bupa can be bought online, so you can be assured you’ll have the best health insurance plans without trips to the bank and tons of paperwork. Once you purchase our policy online, you receive a policy kit and card instantly. For more information on our medical insurance plans, you can get in touch with our sales persons. Call us on our toll-free number - 1860 500 8888 – any time between 9 am and 6 pm, Monday through Saturday. If you’d like to discuss your options in person, visit the nearest branch.
Visit the website to calculate your premium in just three simple steps, and get access to one of the best mediclaim policy in India
Travel Insurance provides coverage against different type of emergencies like medical expenses (incl. repatriation & medical evacuation), delay
of checked-in baggage or total loss of checked-in baggage, missed connection, financial emergency assistance etc. while you are travelling. Travel Insurance Policy is an essential piece of documentation that is required when you travel abroad and should be bought in advance to cover the dates you travel on.
Travel Insurance gives you the power to take a step back and enjoy your travel experience. So, make sure you have the right Travel Insurance policy as it would cover all your needs right from the first flight to your stay and return journey as well. Travel Insurance can be bought online on Bharti AXA General Insurance website. Buying Travel Insurance from Bharti AXA General Insurance would help you to stay secure in case there is a mishap.
What Is Covered
Medical Expenses Inclusive Of Repatriation And Emergency Medical Evacuation/ Dental Treatment
Travel insurance includes medical expenses, repatriation, and emergency medical evacuation. Even dental care expenses such as acute anesthetic treatment of teeth are covered.
Personal Accident
Travel insurance includes compensation for accidental bodily injuries, permanent or partial disablement, death caused in an accident.
Daily Allowance In Case Of hospitalization
Payment of daily allowance for the number of days that the insured person is hospitalized beyond the specified number of days mentioned in the policy document.
Loss Of Passport And Documents
Travel insurance covers loss/theft of passport and documents.
Legal Expenses
All legal costs and expenses are covered in case of claims towards third-party liabilities that arise out of death or bodily injuries.
Trip Cancellation And/ Or Interruption
Payment towards the non-refundable prepaid payments or the additional expenses incurred subject to a limit of Sum Insured, on the trip being cancelled or interrupted due to medical problems of insured/Insured person’s family member, personal employment problems or natural disasters.
Emergency Accommodation
Due to some fire, flood, earthquake, storm, hurricane, explosion, if you are not able to stay in the original accommodation, you will be compensated for the additional cost of emergency accommodation.
Hijack Distress Allowance
In case if there is hijack on a common carrier for a certain number of hours, distress allowance is compensated under travel insurance.
What Is Not Covered
Cosmetic Surgery
Travel insurance does not cover any cosmetic surgery done to enhance your beauty.
Self-inflicted Injury/Harm
Suicide, alcoholism, depression, or any direct/indirect loss due to death, illness, etc. is not covered under travel insurance.
Participation In Warfare
Travel insurance coverage is not provided for those involved in naval, military, or air force operations.
Performing Professional And Risky Sports
Participating in risky winter sports, like mountaineering is not covered unless specifically agreed and mentioned in the policy document.
Non-Allopathic Treatment
Travel insurance strictly excludes coverage for yogic, homeopathic, unani, and ayurvedic treatments.
Medical Expenses Due To Unproven Treatment:
You will not receive any coverage for expenses with respect to unproven or experimental treatment.
Illegal Activity
Hazardous occupation or engaging in criminal activities while on the trip abroad is not covered under travel insurance.
Limitations In Medical Expenditure
Daily allowance isn’t paid in case of hospitalization for certain pre-existing conditions.
Treatment That Could Be Delayed Until Return
No coverage is given if the treating physician and the emergency service provider decide that the treatment could have been delayed until return to India.
Farhad was driving back to his office after meeting a client. As the traffic signal turned green, he turned towards his office building. Suddenly, there was a loud bang. A speeding bus had rammed into his car. Farhad was trapped inside. Onlookers rushed Farhad to the hospital. There, the doctors informed him that his fractures required him bed rest till it heals completely. That meant at least a month off from work. The person on the bed next to him, confused by Farhad’s calm reactions, asked why is he not worried? Farhad told him that though the injuries are painful, that is all he has to worry about because he has a good personal accident insurance. The other man, interested now asked how it works. “Personal accident insurance is a policy that can reimburse your medical costs, provide compensation in case of disability or death caused by accidents. There are other benefits too that you can get with an IPA insurance” said Farhad, continueing with the following:
1. Accidental death:
If the policyholder dies in an accident then his nominee gets accidental death compensation. The family is financially secure in this situation. The compensation can vary from Rs 5 lakh to Rs 1 crore.
2. Permanent total disability in an accident:
At times, despite medical help the victim becomes disabled for life. Then the insurance policy pays a certain amount depending upon the nature of the disability. The policy also covers loss of speech, loss of vision in both eyes, and hearing loss in both ears.
3. Permanent partial disability:
This is applicable if a person has partially lost their hearing in one ear or suffered eyesight loss in one eye. Or, it could be that the policyholder has lost an index finger, a thumb, or even a hand. In all these cases, the policyholder can approach the insurer for a claim.
4. Transportation benefit:
Some insurers also grant a family transportation benefit. Say, the insured person is in a hospital outside 150 km of his home. The immediate family member will incur certain transportation expenses to reach the hospital. The insurance will reimburse these expenses up to a maximum of Rs 50,000.
5. Further benefits:
The insurance covers other factors like education and employment benefits, and funeral expenses. You also get coverage for hospital charges, including ambulance costs. Some policies offer an educational allowance and home or vehicle alteration benefits.
Before buying your policy, you must keep these things in mind
Important dates: An accident insurance policy provides a free-look period of 15 days. This allows you to cancel the policy within that period. There is a ‘grace period’ of 30 days for policy renewal.
Exclusions: Your insurer will not cover any loss arising out of acts of war or terror. It will not cover any claims regarding existing physical disabilities or pre-existing diseases. The exclusions also comprise mental disorders, HIV or AIDS, and congenital anomalies. The insurer will not honour any intentional injury claims. Any injuries arising from participation in adventure sports come under exclusions as well. This includes activities like bungee jumping, mountaineering, and river rafting.
Motor insurance Introduction This is an introductory guide to provide you with a better understanding of what motor insurance is and what you must know when buying motor insurance policies and making claims.
Types of motor policies When you buy a motor vehicle, you need to buy a motor insurance. There are, however, many types of motor insurance policies available. The common types are: •Third party cover - This policy insures you against claims for bodily injuries or deaths caused to other persons (known as the third party), as well as loss or damage to third party property caused by your vehicle.
•Third party, fire and theft cover - This policy provides insurance against claims for third party bodily injury and death, third party property loss or damage, and loss or damage to your own vehicle due to accidental fire or theft.
•Comprehensive cover - This policy provides the widest coverage, i.e. third party bodily injury and death, third party property loss or damage and loss or damage to your own vehicle due to accidental fire, theft or an accident
Exclusions/extensions A standard motor insurance will not cover certain losses, such as your own death or bodily injury due to a motor accident, your liability against claims from passengers in your vehicle (except for passengers of hired vehicles such as taxis and buses) and loss or damage arising from an act of nature, such as flood, storm and landslide.
However, you may pay additional premiums to extend your policy to cover flood, landslide, landslip as well as cover your passengers. It is important to check your policy for the exclusions.
Insured value/sum insuredIf you are buying a policy against loss/damage to your vehicle, you must ensure that your vehicle is adequately insured as it will affect the amount you can claim in the event of loss/damage. For a new vehicle, the insured value will be the purchase price while for other vehicles, the insured value is the market value of the vehicle at the point you apply for the insurance policy.
•Under-insurance – If you insure your vehicle at a lower sum than its market value, you will be deemed as self-insured for the difference, i.e. in the event of loss/damage, you will only be partially compensated (up to the proportion of insurance) by your insurance company.
•Over-insurance – Should you insure your vehicle at a higher sum than its market value, the maximum compensation you will receive is the market value of the vehicle as the policy owner cannot ‘profit’ from a motor insurance claim. Duty of disclosure Duty of disclosureYou should disclose fully all material facts, including previous accidents (if any), modification to engines, etc.
When in doubt as to whether a fact is relevant or not, it is best to ask your insurance company.
If you fail to disclose any material fact, your insurance company may refuse to pay your claim or any claim made by a third party against you. In such cases, you are personally liable for such claims.
PriceThe price you pay for your motor insurance will depend on the type of policy selected. The insurance premium charged by your insurance company is the standard minimum rate in accordance with the Motor Tariff.
However, in addition to the standard minimum rate, your insurance company may impose additional premiums known as loadings to the premium payable in view of higher risk factors involved such as age of vehicle and claims experience.
Loadings are governed by Bank Negara Malaysia (BNM) and no insurance company may charge loadings higher than the levels permitted by BNM.
