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Health Insurance

The importance of Health Insurance in today’s world cannot be emphasized enough. Rising cost of medical treatment coupled with increased exposure to lifestyle related diseases has made it an absolute necessity for every individual and/or family to take a closer look at their own healthcare needs and preparedness.

LifeKaPlan provides you with options to cover your health insurance needs by way of:

Individual Health Insurance:

An Individual Health Insurance plan covers the medical cost for an individual. You can avail of individual policies for yourself, your spouse, children, parents, etc. The charges of the premium depends on each family member’s age, medical history as well as the amount insured for.

Family Floater Health Insurance:

As the name suggests, the Family Floater Health Insurance plan offers coverage for all the family members, i.e., spouse, children, parents, and other dependant members, at a single premium instead of multiple individual premiums. In a family floater plan, more than one member can be covered under the same plan. For instance - you, your spouse can be covered under a single policy for which a single premium will have to be paid. The entire sum insured can be availed by any or all of your family members.

Super Top-Up Health Insurance:

The super top-up health insurance policy helps you to enhance your base health plan’s coverage. If the base plan is not sufficient enough to meet the actual medical expenses in a single claim or your sum insured has exhausted because of multiple claims in a year, then you can count on a super top-up plan. A super top-up insurance plan becomes necessary when a single claim or multiple claims put together exceed the threshold sum insured limit of the base plan or mediclaim. It offers an additional benefit to the base plan which helps the insured if the medical expenses exceed the threshold value either due to a single claim or multiple claims in a year. A policyholder can make multiple claims in a year till the sum insured gets exhausted. A super top-up policy will consider the total claim amount in a year. Therefore any claim amount below the threshold limit will be payable under his regular health policy and the remaining amount by the super top-up health insurance policy.

Life Insurance

No need is certain and fixed in life. The need for insurance changes with every stage in life. At a young age, the need for life insurance may seem to be a low priority. However, as you move ahead in life, take on more responsibility and as your family grows, life insurance is needed.

A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death.

One should periodically review insurance needs in order to ensure that the life insurance coverage adequately reflects one’s current life situation. Typically, life insurance is chosen based on the needs and goals of the policyholder.

Term life insurance generally provides protection for a chosen set period of time or up to a certain age. It is the most affordable life insurance available in the market as they offer pure protection where in case of death of the insured person during the current policy period or term, the death benefit is paid to the beneficiary. There is no maturity or survival benefits attached to term life policies.