How to Read Your Health Insurance Policy Document: A Section-by-Section Guide
AI OVERVIEW A health insurance policy has four key parts: the Policy Schedule (who is covered, sum insured, dates, premium, add-ons, declared conditions and the product’s IRDAI Unique Identification Number), the Customer Information Sheet (IRDAI-mandated one-page summary of key features, exclusions and waiting periods), the Policy Wording (definitions, coverage, exclusions, conditions, claim procedure and grievance […]
What Is a Deductible in Health Insurance?
Quick Gist A super top-up plan is a second layer of coverage that switches on only after your medical bills cross a set threshold in a policy year. That threshold is the deductible in health insurance, the entry barrier your expenses need to clear before the top-up steps in to pay. For example, if your […]
