If you are looking to achieve a short-term goal which is only a few months away, you would seek to minimise the volatility risk and liquidity risk of your investment. A short-term investment plan are financial products that you can use to achieve short term goals. These investment options would typically offer modest returns but would offer a high degree safety as they would be highly liquid and feature a low level of volatility.

Third-party administrators or TPA in health insurance acts as an intermediary between the insurer and the insured for a smooth claim settlement. In 2001, Insurance Regulatory and Development Authority of India (IRDAI) introduced third-party administrators to address the slow claim settlement processing in health insurance. The TPA ensures an efficient and quick claim settlement process.

Disclosing your medical history when buying insurance helps you avoid out-of-pocket expenses and coverage gaps. Most insurers now provide pre-existing disease health insurance that covers the medical conditions you have at the time of purchase. However, completing a specified waiting period is necessary for policy coverage to kick in.

IPD is an important hospital facility that provides high-quality medical care to patients who need close monitoring, intensive care, and specialised treatment. Such services are required in managing critical health conditions and recovery processes under close medical supervision. Continue reading to learn more about the IPD full form, its importance, the services it offers, and other key details.

In modern healthcare, OPD, which means Outpatient Department, typically provides immediate medical care for patients who do not require hospitalisation or an overnight stay. In OPD, doctors examine you for the health concern you are visiting the hospital. You are then suggested appropriate treatment or prescribed medicine or tests for proper diagnosis. If diagnosis happens right away, you can go home with prescribed medicines. OPD is usually included in all modern health insurance plans.