The major purpose of a life insurance policy is to financially safeguard your family in case of your ill-timed death. By offering financial support, life insurance can help your family maintain their lifestyle and achieve their future goals even if you are not there in person to take care of them.
Health Insurance Policy, on the other hand, covers costs of hospitalization and expenses for other related treatments. Today, most of health insurance providers offer their policies with cashless treatment facility at network hospitals
The core benefit of a life insurance policy is a Sum Assured (Death Benefit) that is paid to the nominee/benefit of the person (Life Assured) after his/her demise during the policy term.
The core benefit of a medical insurance policy is basically offering coverage against the treatment costs for illnesses or other medical conditions subject to a maximum coverage amount and other conditions as per the plan.
Answer : 96
This works for the known equations.
1 + 4 means 1 + 1(4) = 5
2 + 5 means 2 + 2(5) = 12
3 + 6 means 3 + 3(6) = 21
Applying the pattern to the last equation gives the answer of 96.
8 + 11 means 8 + 8(11) = 96
The additional benefits of a Life Insurance Plan include:
Loyalty Additions etc. can be added on top of the base cover
The additional benefits of a Health Insurance plan include:
In the case of some health covers, No Claim Bonus (NCB) can be added to the policy
Some health insurance companies offer free health check-ups as well, subject to the policy terms
Health Insurance policy is available for individual (single life), senior citizens, family (family floater policy), and group or group coverage
Life insurance plans, on the other hand, is available in the form of Term Plan, ULIP Plans, Savings Plans, Retirement Plans, etc.