What knowledge do you have about “health insurance” and “pension insurance”?
Health insurance provides for financial compensation in the treatment of covered diseases during the period of coverage. Normally the policy covers all diseases except pre- existing diseases, that is, those diseases which the proponent has been suffering from at the time of proposal or has earlier suffered. In India, Mediclaim policy is the most popular product of health insurance. Pension products pay for the superannuation benefits of a retired employee and are issued by insurance companies, mainly life insurance companies, in the form of annuities.
Health insurance provides for financial compensation in the treatment of covered diseases during the period of coverage. Normally the policy covers all diseases except pre- existing diseases, that is, those diseases which the proponent has been suffering from at the time of proposal or has earlier suffered. In India, Mediclaim policy is the most popular product of health insurance. Pension products pay for the superannuation benefits of a retired employee and are issued by insurance companies, mainly life insurance companies, in the form of annuities.
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