ASSIGNMENT FOR RESEARCH ASSOCIATE

First Concept : Hospital Health Insurance

Hospital health insurance is a type of insurance coverage that helps individuals manage the high
costs associated with hospitalization and medical treatments. When a policyholder requires hospital
care due to illness or injury, the insurance plan provides financial support by covering expenses such
as room charges, doctor’s fees, surgical procedures, medication, and other medical services,
depending on the policy terms and conditions. This coverage helps individuals focus on their
recovery without worrying about the substantial financial burden that hospitalization can bring.

Second Concept : No Claim Bonus Health Insurance

No Claim Bonus aka NCB in health insurance is a reward offered to policyholders who do not make
any claims during a specific policy period. Essentially , if you stay healthy and do not require medical
expenses covered by your health insurance policy, you accumulate NCM as a benefit. This bonus
comes in the form of either a discount on the premium for the following policy period or an increase
in the sum insured without a corresponding increase in the premium. It encourages policyholders to
maintain good health and use insurance primarily for emergencies, while also offering cost-saving
benefits in the long run.

Third Concept : Lock the Clock Feature of Niva Bupa’s ReAssure 2.0 Plan
The “Lock the Clock” feature in Niva Bupa’s ReAssure 2.0 plan refers to an add-on rider benefit
provided by the insurance company. This feature allows policyholders to freeze or lock the waiting
period for specific pre-existing medical conditions when renewing their health insurance policy. A
waiting period is the time during which certain medical conditions are not covered under the policy.
By opting for the Lock the Clock feature, policyholders can prevent the waiting period from resetting
or increasing with each policy renewal, ensuring that coverage for pre-existing conditions remains
intact as long as the policy in maintained continuously. This feature can be valuable for individuals
who have pre-existing conditions and want continuous coverage without the worry for waiting
periods being applied repeatedly.

Name : Shivprakash Vishwakarma

Mob : 9082817984

Email : shivatheflooper@gmail.com