Overseas Medical Policy (OMP)

Overseas Medical Policy (OMP) This policy provides for payment of medical expenses in respect of illness suffered or accident sustained by Indian residents during their overseas trips for the specified purpose. Eligibility Indian residents undertaking bona fide trips abroad for: Business and official purposes Holiday purpose Employment Studies Accompanying spouse and children of the person who […]

Group medical policies

Group medical policies Group medical policies and the various provisions available under those policies. Q: Who all are eligible to take the group mediclaim policies? A: Group Mediclaim Policy is available to any Group/Association/Institution/Corporate body, provided it has a central administration point. It is also subject to a minimum number of persons to be covered. The group […]

Individual Mediclaim Policies

Individual Mediclaim Policies Individual Mediclaim Policies – Mediclaim policies provide for reimbursement of hospitalisation/domiciliary hospitalisation expenses for illness/diseases suffered or accidental injury sustained during the policy period. What are the expenses covered under this policy? The policy pays for expenses incurred under the following heads: Room, boarding expenses in the hospital/nursing home Nursing expenses Surgeon, […]

Overseas travel insurance

Overseas travel insurance Overseas travel insurance – Need for the policy An Indian citizen travelling outside India for business, holidays or studies is exposed to the risk of accident, injury, and sickness during his stay overseas. The cost of medical care, especially in countries such as USA and Canada, is very high and could cause […]

LIC Agent Arulmani M Chennai

LIC Agent Arulmani M Chennai LIC Agent Arulmani M Chennai – Working as an LIC insurance advisor from 2009. Cleared IRDA Exam in 2009. having more than 9 yrs of experience in insurance and investments. Guided 1000+ people to a righteous way. Also Cleared AMFI mutual fund distributor exam to sell mutual fund products. Star […]

Assignment of Life Insurance Policy

Assignment of Life Insurance Policy Assignment of Life Insurance Policy Under Section 38 of Insurance Act, 1938 An insurance policy is a property. It can be sold, mortgaged, charged, gifted or bequeathed. In India, the assignment is governed by Section 38 of the Insurance Act. On execution of the assignment, the assignee gets all rights, […]

Nomination – Insurance Policy

Nomination – Insurance Policy Nomination – Insurance Policy: is a process, which enables the settlement of claims in an easy way. This is the place where the life assured proposes the name of the person(s) to whom the sum assured should be paid by the insurance company after his/her death. The life assured can nominate […]

Insurance Policy Revival

Insurance Policy Revival A revival is as important as a new policy proposal. The general underwriting formalities will be carried out at the time of the revival of the policy such as: Assessment of risk at the time of revival Risk should be the same as the original sum assured less paid-up value on the […]

Mortgage Redemption Insurance

Mortgage Redemption Insurance Mortgage Redemption Insurance – If somebody takes a house loan with a bank, the bank needs some security on the loan amount. What if something happens to the person during the loan period? How will the bank recover that balance outstanding loan amount? Here comes the need for Mortgage Redemption insurance. Let us […]

Keyman Insurance

Keyman Insurance Keyman insurance is an important form of business insurance. Many businesses have a key person who is responsible for the majority of profits. Or else, the person may be unique with hard to replace skill sets, such as intellectual property, which is vital to the organization. The key person may be an employee […]

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