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