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 get a new 3in1 strategy from LIC of India. The strategy give health, lifetime with accident protect.

LIC Jeevan Arogya, a defined benefit strategy, can be equivalent to strategy floated by private lifetime insurance companies. These plans hand out a lump-sump complete amount upon hospitalization of the personal person.

On present the vital matter can be: ought to one proceed for this defined benefit strategy from lifetime insurance companies? To acquire a good answer, you will have to