Term insurance provides pure life coverage for a specific period (term) at lower premiums, while whole life insurance provides lifelong coverage with an investment component. Term insurance is ideal for income replacement, while whole life insurance serves as both protection and savings.

Cashless hospitalization allows you to receive medical treatment at network hospitals without paying upfront. The insurance company settles the bills directly with the hospital. You only need to pay for non-covered expenses or deductibles, if any.

Motor insurance premiums are affected by factors like vehicle type, age, make & model, cubic capacity, geographical zone, claim history, IDV (Insured Declared Value), add-on covers, and your age/driving experience. Older vehicles and drivers with claim-free history often get discounts.

Yes, you can port your health insurance policy to another insurer without losing your waiting period benefits. Porting must be done at the time of renewal, and the new insurer cannot impose additional waiting periods for conditions already covered in your existing policy.

For cashless claims, inform the insurance company before hospitalization. For reimbursement claims, submit claim documents within 30 days of discharge. The standard claim process involves intimation, document submission, verification, and settlement, typically completed within 30 days.