Health Insurance/ Overseas Mediclaim Policy

Health Insurance is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care and health system expenses among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax,to ensure that money is available to pay for the health care benefits specified in the insurance agreement. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity.

“Know exactly which policy or combinations of policies suit your safety requirements first and of course secondly are not too harsh on your pocket...”

Life Insurance

Life insurance is a contract between an insured (insurance policy holder) and an insurer, where the insurer promises to pay a designated beneficiary a sum of money (the "benefits") upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger payment. The policy holder typically pays a premium, either regularly or as a lump sum. Other expenses (such as funeral expenses) are also sometimes included in the benefits. The advantage for the policy owner is "peace of mind", in knowing that the death of the insured person will not result in financial hardship for loved ones and lenders.[original research?] It is possible for life insurance policy payouts to be made in order to help supplement retirement benefits; however, it should be carefully considered throughout the design and funding of the policy itself. Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer; common examples are claims relating to suicide, fraud, war, riot and civil commotion.

“The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value.” – F.C. Oviatt.

  • Types of life insurance in India :
    • Term Insurance policies
    • Endowment policies
    • Money back policies
    • Unit linked insurance policies
    • Pension policies

Personal Accident Insurance

What is it?

Personal accident insurance covers your expenses from an accident with a lump sum payment, a daily or monthly amount or a payment for loss of life from an accident. Several types of policies supplement an insurance program. Often, accidental death and dismemberment is an inexpensive form of personal accident insurance. Other forms are similar to disability income, but they pay a cash sum when you have an injury due to an accident. There are several ways to buy personal accident insurance. Some policies only pay for specific types of accident.


Accident insurance doesn't pay for extended periods in the way disability does. It offers lump sum payments for the loss of a limb. Often accident insurance pays in percentage with the death receiving 100-percent payment, loss of both eyes or combination of one hand and foot or sight in one eye. There are specific percentages for other losses. For instance, you must lose a thumb and index finger on the same hand in order to get 25 percent of the policy face value. Some policies increase payment if you had a seat belt on at the time of injury.


Accidental death and dismemberment insurance, one form of accident insurance, is often inexpensive. There's a reason for that fact. It doesn't happen as frequently as death from an illness. Traveler's accidental death insurance is also inexpensive for the same reason. Lump sum payments from an injury, not at work, that causes you to seek medical attention and miss work costs more since there's a higher likelihood of that occurring.

Group Mediclaim

“Want to ensure employee safety?...Get your employees covered under a group mediclaim policy today…”

We at Medsolplus provide to you a customized group mediclaim policy exclusively for your business and there by relieve you of the hassles of procuring a separate policy for each employee. Also the so- subscribed policy can have certain employee benefits which essentially help him get benefits over and above the promised cover. However such policies are subject to conditionality.

Workman Compensation

Protect the worker at your workplace…..

Workers' compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence. The tradeoff between assured, limited coverage and lack of recourse outside the worker compensation system is known as "the compensation bargain". While plans differ among jurisdictions, provision can be made for weekly payments in place of wages (functioning in this case as a form of disability insurance), compensation for economic loss (past and future), reimbursement or payment of medical and like expenses (functioning in this case as a form of health insurance), and benefits payable to the dependents of workers killed during employment (functioning in this case as a form of life insurance).

Fire/ Marine Policy

Fire Policy :

Fire insurance is a form of property insurance which protects people from the costs incurred by fires. When a structure is covered by fire insurance, the insurance policy will pay out in the event that the structure is damaged or destroyed by fire. Some standard property insurance policies include fire insurance in their coverage, while in other cases, fire insurance may need to be purchased separately. Property owners should check with their insurance companies if they are not sure whether or not fire insurance is part of their policies, and if fire insurance is not included, it should be purchased. Depending on the terms of the policy, fire insurance may pay out the actual value of the property after the fire, or it may pay out the replacement value. In a replacement value policy, the structure will be replaced in the event of a fire, whether it has depreciated or appreciated: in other words, if homeowners purchase a home and the value increases, as long as it is covered by a replacement value policy, the insurance company will replace it. An actual cash value policy covers the structure, less depreciation. Most accounts come with coverage limits which may need to be adjusted as property values rise and fall.

Marine Policy :

Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between the points of origin and final destination. Cargo insurance is a sub-branch of marine insurance, though Marine also includes Onshore and Offshore exposed property (container terminals, ports, oil platforms, pipelines); Hull; Marine Casualty; and Marine Liability.

Motor Insurance

Vehicle insurance (also known as auto insurance, GAP insurance, car insurance, or motor insurance) is insurance purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom. The specific terms of vehicle insurance vary with legal regulations in each region. To a lesser degree vehicle insurance may additionally offer financial protection against theft of the vehicle and possibly damage to the vehicle, sustained from things other than traffic collisions.

  • There are different types of Auto Insurance in India:
    • Private Car Insurance
    • Two Wheeler Insurance
    • Commercial Vehicle Insurance

House Holder Policy

This is a policy to cover your household contents and includes coverage for fatal injury to you as the insured.

Basis of compensation It is decided on the basis of compensation of your householder policy, whether it is on reinstatement or replacement value. You will be compensated with the value of a brand new item under reinstatement basis but on the depreciated value of item lost under replacement basis.

All Claim forms & Pre-Authorization forms on request

We provide all kinds of claim forms and Pre- Auth request forms on request.The same will not be charged for….