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What are Non Medical Expenses in Health Insurance?
It is a matter of fact that buying health insurance plans does make a person carefree about the financial burden laid out at the time of a health care need. But does that mean anything, and everything used for medical treatment will be covered under a health insurance policy? You need to think about it twice, as there are a bundle of non medical expenses in health insurance, which are not covered under any health insurance plan. The surprising thing is that a majority of policyholders are not aware of the non-medical expenses listlaid out by the IRDAI or Insurance Regulatory and Development Authority of India.
11 Most Commonly Life Insurance Frequently Asked Questions (FAQs), India 2025
If you are financially independent and want to plan your finances ahead, you must buy a Life Insurance Policy. It will give you coverage and in case of your death, the nominee will get the death benefit. Nevertheless, before you purchase an insurance policy, you must go through some insurance questions. Here are some of the life insurance FAQs.
What Is The Maximum Age Limit In Term Life Insurance Policy?
In most cases, life insurance policies have a certain requirement when it comes to the minimum age at which you can enter such a policy and the maximum age till which you can hold the same. This is also referred to as the life insurance age limit. There are plenty of myths in life and as such insurance cannot be an exception to the same. There are several assumptions that people have in these cases. A lot of people think that you should buy these policies for a period of 50 or 60 years. Then you have people who think that you need term insurance only after you have retired. There are plenty of term policies that have a maximum term insurance age limit of 70 to 75 years.
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