Answer: We offer trusted, reliable, and comprehensive insurance solutions tailored to meet your unique needs. With a team of experts, a strong track record, and personalized customer service, we are committed to ensuring your peace of mind and providing the best insurance options for your security and well-being.

Answer: Co-pay is the percentage of the medical expenses that you, as the insured, are required to pay out of pocket when you file a claim. For example, if your co-pay is 20%, and the medical bill is ₹10,000, you will need to pay ₹2,000, and the insurance company will cover the remaining ₹8,000.

Answer: PED stands for Pre-Existing Disease. These are health conditions or diseases that an individual has before purchasing a health insurance policy. In many cases, insurance companies may impose waiting periods or exclusions on claims related to pre-existing diseases.

Answer: A rider is an additional provision or coverage that you can add to your base insurance policy. Riders allow you to enhance the benefits of your insurance policy for extra coverage. Common riders include Critical Illness Rider, Accidental Death Rider, and Hospital Cash Rider. The number of available riders depends on the insurer and policy type.

Answer: Consumables are medical supplies used during treatment that are consumed during a patient’s stay, like gloves, syringes, and bandages. Non-consumables are items used in medical procedures that are not consumed, such as hospital beds, wheelchairs, or surgical instruments. Health insurance policies may or may not cover consumables.

Answer: A Critical Illness Rider provides additional coverage for specific life-threatening illnesses like cancer, heart attack, stroke, etc. This rider pays a lump sum amount if the insured is diagnosed with one of the covered critical illnesses during the policy tenure.

Answer: An Accidental Rider is an add-on to your life or health insurance policy that provides additional coverage in case of death or disability due to an accident. It can include coverage for accidental hospitalization, death benefits, and permanent disability benefits.

Answer: Waiver of Premium (WOP) is a rider that waives off the future premiums of your life insurance policy in case of total disability or critical illness. This ensures that your insurance policy remains active even if you are unable to pay premiums due to an unfortunate event.

Answer:

• Term Insurance is a life insurance product that provides coverage for a specific period (e.g., 10, 20, or 30 years). It pays a death benefit only if the policyholder dies within the term.
• Life Insurance is a broader category that includes term insurance but also offers other plans like endowment and whole life policies, which offer both death and survival benefits.

Answer: ROP stands for Return of Premium. In a Term Insurance policy with ROP, if the policyholder survives the policy term, they receive all the premiums paid during the term as a lump sum amount, in addition to the life coverage.

Answer:

• Entry Load is the fee charged when you invest in a mutual fund, usually a percentage of the investment amount.
• Exit Load is the fee charged when you redeem your mutual fund investment before a certain time period (e.g., within 1-3 years).
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Answer:

• Lumpsum Investment involves investing a large sum of money at once in a mutual fund. It is suitable for investors who have a substantial amount of money to invest at a given time.
• SIP (Systematic Investment Plan) allows you to invest a fixed amount regularly (monthly or quarterly) in mutual funds. It helps in averaging out the cost of investment over time and is ideal for those who prefer disciplined, small, and regular investments.
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