What are the key phrases in health insurance that you should understand?

Health Insurance

Health Insurance is a type of insurance that provides coverage against any medical emergencies arising out of an injury, illness, or accident.

Waiting Period

Generally, most health insurance policies come with a waiting period of 30 days.

Pre-Existing Diseases

Pre-existing diseases or illnesses are existing health conditions that you and/or your family have before purchasing

Survival Period

In case of a critical illness cover, the claim benefit is offered to the insured

Network Hospitals

Your insurer will have tie-ups with some hospitals to give you the benefit of cashless claims

Add-ons and Riders

Add-ons and riders are additional benefits that are not included in your base plan.


Inclusions are the situations and illnesses that are covered under the policy.


Exclusions are the situations and illnesses that are not covered under the policy.

No Claim Bonus

No Claim Bonus, also known as NCB, is a reward added to your sum insured for every claim-free year.


Co-pay is the part of a claim amount that a policyholder pays from his/her own pocket.