Tag: defined benefit plan

A critical illness insurance cover, often referred to in laymen language as Critical Illness Insurance, transfers to the insurance benefits you receive to deal with life-threatening essential illnesses and different lifestyle diseases. For example, critical health issues like Cancer, Stroke, and Kidney failure need comprehensive treatment, which can become a toll on your finances and…

Hospitalisation cash benefit plan: The daily hospital cash benefit gives a fixed expense for every day that you are hospitalized. The cost paid is set at the time of buying the plan and would continue to improve. This extra coverage can be taken as a supplement to your regular health insurance policy or a standalone…

Personal Accident Insurance policy gives complete financial protection to the protected members against uncertainties such as accidental death, Accidental physical damage, partial/total inabilities, and permanent and temporary disabilities resulting from an accident. In the policyholder’s unexpected death, the nominee gets 100% compensation from the insurer. Policybazaar- Personal Accident Insurance An Accident does not come tapping…

A defined benefit Policy program is an employer-promised detailed/pre-determined pension payment plan that can be received in a lump sum, annually or both. The payment plan is “defined” in progress and based on the employee’s profits history, occupation, and age – not solely on the individual investment statements. General Insurance | Health Insurance | Indemnity…