Important Points for IC 27 - Health Insurance Exam
Page 7 Of 27
Go to:
The health insurance sector was opened up for private companies in India in 2001.
Health insurance products in the Indian market are mostly dominated by hospitalisation indemnity products.
Hospitalisation indemnity products protect individuals from the expenditure they may need to incur in the event of hospitalisation.
Personal accident policies protect the insured against accidental death and any form of disablement due to accident, and provide for features like a lump sum benefit payout in the event of death or permanent disablement arising out of an accident, and a weekly compensation for temporary disablement.
critical illness benefit products coverage against dreaded diseases such as cancer, kidney failure etc. and p rovide a lump sum amount to the insured on the diagnosis of such critical illness or on undergoing of certain procedures.
MODELEXAM® 
www.realsoftinfoplan.com