Home » Frequently asked Questions on Health » Does the amount for health insurance policy lapse?

Does the amount for health insurance policy lapse?

Q: Does the health insurance policy (GIC) amount lapse, if not used?

A:Yes, it does. The premium that you pay covers the risk for the year and nothing more. I realise that you might be comparing this with the life insurance policies where in there is a maturity value of the policy. But unlike life insurance, herein you dont get anything in return on maturity of the term.

RELATED FAQ

................... Advertisement ...................

   

FAQ

ASK OUR EXPERTS

Using 0 of 1024 Possible characters
Choose Topic
-------------------------------- Advertisement -----------------------------------