https://www.pazcare.com/insurance-glossary/ipd
IPD full form is In-Patient Department. It refers to hospital care where a patient is admitted for more than 24 hours for treatment, surgery, or recovery under medical supervision.
https://www.pazcare.com/insurance-glossary/network-hospital
A network hospital is a healthcare facility that has a tie-up with your insurance provider to offer cashless treatment. When you visit a network hospital, the insurer directly settles the medical bills, so you don’t have to pay upfront.
https://www.pazcare.com/insurance-glossary/opd
OPD full form is Outpatient Department. It is the section of a hospital or clinic where patients receive medical consultations and treatments without being admitted overnight.
https://www.pazcare.com/insurance-glossary/health-card
A health insurance card is an ID card to show that you are covered under a health plan. It has name, policy number, coverage, and insurer details. It’s used to access cashless treatment at network hospitals and verify your coverage during hospitalization.
https://www.pazcare.com/insurance-glossary/pre-existing-disease
A pre-existing disease refers to any illness, or medical condition that a person already has before buying a health insurance policy. Such conditions are usually covered only after a waiting period, as mentioned in the policy terms.
https://www.pazcare.com/insurance-glossary/insurance-premium
An insurance premium is the amount you pay to an insurance company to keep your policy active. It can be paid monthly, quarterly, or annually. The premium amount depends on factors like coverage type, and age.
https://www.pazcare.com/insurance-glossary/waiting-period
A waiting period is the time you must wait after buying a policy before certain benefits become active. During this period, you can’t claim for specific illnesses or pre-existing conditions.
www.pazcare.com/insurance-glossary/sum-insured
Sum-insured is the total amount that policyholders can use towards their medical expenses as directed by the policy’s terms and conditions. Sum-insured is given by the insurer to the policyholder.
The sum insured is the maximum total amount the insurer will pay for an employee’s or dependent’s medical expenses during the policy year. It acts as the total yearly medical budget from the insurer and can be set per person or shared among family members under the same plan.
The sum insured is the maximum total amount the insurer will pay for an employee’s or dependent’s
