A health insurance plan provides coverage for medical emergencies. It also offers several rewards for maintaining a healthy lifestyle. A renewal bonus in health insurance, commonly referred to as a No Claim Bonus (NCB), is granted for maintaining a claim-free policy year and paying renewal premiums on time. It can enhance your health insurance policy coverage for the long term.

Getting your health insurance claim processed is subject to several steps, the first step being claim intimation. This step involves informing your insurance provider of the circumstances under which you have to raise a claim.

You need to understand the timelines, key policy details, and processes for claim intimation to ensure smooth processing.

A fixed benefit, or benefit-based, health insurance plan pays a predefined lump sum or fixed cash amount when a covered event occurs, regardless of the actual medical expenses, subject to the policy terms and conditions.

In this article, we will discuss what fixed benefit health insurance is, how it works, its features, and more to help you make an informed decision.

The rising medical expenditures in India can drain your hard-earned savings in case of a medical emergency. In such cases, a medical indemnity policy can shield you from financial losses by compensating for the actual expenses incurred through a cashless or reimbursement claim process.

Thus, it is a suitable option for individuals seeking financial protection in case of medical emergencies.

When you are considering buying a health insurance plan, particularly one that covers critical illnesses, it is prudent to know certain provisions that influence claim eligibility. A survival period in health insurance is one of such clauses, and it may determine whether and when a policyholder can receive the sum insured upon diagnosis.

Most policyholders mix the waiting period with the survival period. Understanding these concepts helps you make right choices and ensures your financial plan aligns with real-world healthcare needs.