POLICY REVIEW

Know what your policy actually covers.

A policy review focuses on coverage amount, exclusions, waiting periods, limits and continuity so you can identify gaps before a claim happens.

Best suited for

Useful for anyone who already holds term, health or family floater policies and has not reviewed them recently.

NeedPurpose first

CoverRight amount

TermsRead details

ReviewUpdate regularly

IRDAI Registered

Review Checklist

What should you check?

Use these points as a discussion checklist. Exact policy terms differ by insurer and product.

✓

Policy scheduleCheck current sum insured, members, tenure and add-ons.

✓

Policy wordingReview exclusions and claim conditions, not just brochure highlights.

✓

Claim limitsLook for procedure-wise or room-category restrictions.

✓

Upgrade needAssess whether a base policy, top-up or additional cover may be needed.

Key Points

Coverage GapCompare current cover against today's family and medical needs.

Hidden LimitsIdentify room-rent caps, co-pay, deductibles, sub-limits and exclusions.

Continuity CheckReview renewal, portability and policy-history considerations before changing cover.

Clarify what financial event needs protection.

Calculate a realistic protection amount.

Review exclusions, limits and policy conditions.

Reassess protection when family or finances change.