Manoj Gehi View On General Insurance &amp Personal Finance.

The Top Up Plan or The High Deductible Plan What is a top up plan or a high deductible plan? this is a plan / policy which can be taken along with your existing mediclaim policy.  This policy comes into effect after a pre-determined deductible amount.  Now one would ask what does one mean by deductible? in common terms deductible means an amount of sum insured which you would share or pay or have as an existing insurance under the existing insurance plan. Why Take this Plan? Most of us are not adequately insured, so In the times of rising medical costs Extra Care Policy is  the perfect health protection for you and your family. It takes care of the medical treatment costs incurred during hospitalization due to  serious accident or illness. This policy can be taken as add on cover to  your existing hospitalization – medical expenses policy.  Features of this plan This plan can be taken on individual or family floater basis. Eligi...

Most Of Us have a Health Plan / Mediclaim Policy so that our Finances are not effected in case of hospitalization. Do we have a Critical Illness Plan in Place so that our Finances Are Not Affected in case a Critical Illness Strikes ???? One Needs To Understand What is a Critical Illness Policy ? Critical Illness Policy is a policy which gives you & your family Financial Support in case a Critical Ailment Strikes. Gives you Financial Support over & above your existing Mediclaim Policy. Under the Critical Illness Policy Diagonsis is Important & Survival post Diagonsis is important. Under Critical Illness Plan Hospitalization isnt Mandatory. Let Us Now Understand Which Critical Illness Are Covered under this policy. Most of these policies cover the following 10 illnessess. First Heart Attack ( Myocardial Infarction ) Open Chest CABG ( Coronary Artery Disease requiring surgery ). Stroke resulting in permanent symptoms. Cancer of specified severity. K...