MANAGEMENT

Detailed explanation-1: -There is no limit on the maximum sum insured that can be opted in a health insurance policy. Many health insurance policies offer up to Rs. 1 Crore coverage, there are instances where the coverage is extended beyond Rs. 1 Crore depending on the client profile.

Detailed explanation-2: -Also known as your coverage amount, your insurance limit is the maximum amount your insurer may pay out for a claim, as stated in your policy. Most insurance policies, including home and auto insurance, have different types of coverages with separate coverage limits.

Detailed explanation-3: -According to Insurance Regulatory Development Authority of India (IRDAI), any one up to the age of 65 years can get health insurance.

Detailed explanation-4: -Your period of insurance is the time that your cover will be active with us, unless your policy is ended earlier (for example, if your policy is cancelled).