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Differecne between defined benefit health cover and indemnity based cover.

Over the past few days, various cell-phone users have been showered with telephone calls or SMSs, urging them to obtain a new 3in1 plan from LIC of India. The plan give health, life with accident cover.

LIC Jeevan Arogya, a new defined benefit plan, is normally similar to plan floated by private existence insurers. These plans hand out a lump-sump total amount upon hospitalization of the individual person.

In present the important issue is: should a single go for this defined benefit plan from life insurance policy companies? To obtain a good response, you would have to 1s t educate yourself rega