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
“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 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.
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.
“Want to ensure employee safety?...Get your employees covered under a group mediclaim
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.
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 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.
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.
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.
We provide all kinds of claim forms and Pre- Auth request forms on request.The same
will not be charged for….