Health Policy

1. 

   Anonymous
   

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   Dear
   The health plans are offered by Life insurance as well as general insurance co. also but thereis huge differance in premiums why general insurance is cheeper then life in health policy.

   PRIYADARSHI
   9314242822

   Posted 2 years ago #
2. 

   Anonymous
   

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   General Insurance Policy is a reimbursement policy in respect of medical treatments only.

   Whereas, life insurance policy has an eliment of death cover apart form survival benefit or hospital cash benefit depending upon the type of plans and cover opted.

   Secondly, life insurance is a long term contarct whereas general insurance is yearly contract and offcource renewable.

   Hence the cost of administration, maintenance of the fund and risk allocation charges are higher for life insurance policies in comparision to general insurance policy.

   Dev

   Posted 2 years ago #

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