If your sum assured (Life Insurance Value) goes past 10 lakhs (1 million) INR, LIC of India would want you to undergo a medical take a look at (known as an FMR – Full Medical Report) before underwriting your policy. You will likely be asked to go to a clinic authorized by a TPA (Third Party Administrator) to endure sure exams. Depending on the age and the quantity of insurance coverage taken, the exams will vary.
No, government is not going to do something along with your checking account: It is an absurd fable that authorities will likely be in control of your bank accounts. Health insurance reform will simplify administration, making it easier and more convenient for you to pay payments in a technique that you just select. Just like paying a cellphone invoice or a utility bill, you can pay by conventional examine, or by a direct electronic … Read more