Domiciliary hospitalization means receiving treatment at home instead of a hospital. It usually happens when the patient is in a critical condition or when no hospital bed is available.

Health insurance may cover domiciliary hospitalization if a doctor recommends it. Also, the treatment must continue for at least 72 hours. This benefit can reduce out-of-pocket medical expenses during emergencies.

Read on to understand domiciliary hospitalization, its coverage, exclusions, and claim process.

Healthcare costs are rising, making financial protection more important than ever. Health insurance plans often include benefits that reward responsible usage.

One such feature is a cumulative bonus in health insurance, which increases your coverage over time when you do not make claims. It helps policyholders get more value from their insurance policy.

Microinsurance provides affordable financial protection to low-income households and underserved groups. With low premiums and simple terms, it covers risks like illness, accidents, death, and property damage. Regulated by the Insurance Regulatory and Development Authority of India (IRDAI), it helps improve financial inclusion by making insurance accessible and easy to understand.

Running a business in India can be rewarding, but entrepreneurs and self-employed professionals typically deal with various issues when running a business. These may include income uncertainty, limited social security benefits, and the need to arrange their own retirement, health, and life insurance protection. So, self-employed individuals need to consider implementing a comprehensive framework starting with emergency funds corpus and adequate insurance, extending to tax efficiency and retirement planning.

If you stop paying your ULIP premium, your insurer provides you a grace period. If the premium remains unpaid even after the grace period, the policy enters discontinuation. At this stage, your life cover may cease, and the remaining fund value is moved to a Discontinued Policy (DP) Fund. Before the lock-in ends, withdrawals remain prohibited. After 5 years, the fund value is paid out, which is usually tax-free.