MoneyLens / Health insurance
Your health cover, explained.
Kaveri Family Shield · Kaveri Health Insurance Ltd
Illustrative
Health · Family floater · Policy held
Policy 8 Oct
Sum insured
₹10,00,000
Family floater
On an example bill
₹1,08,000
you pay, of ₹2,68,000
Room rent
₹10,000/day
other charges cut above it
Waiting until
7 Nov 2026
first waiting period (illness, not accidents)
₹10,00,000 shared by You (38), Spouse (35), Father (63), ₹38,400 a year. 6 conditions decide what's paid. On the example bill of ₹2,68,000, the policy would pay about ₹1,60,000. The insurer decides what's admissible on a real claim.
Myra's most important observations
What Myra found for you
From your documents · each figure opens its findingAt risk
If it happens: scenarios, not added together
What changed from your quote
2 changesThe quote of 24 Sep 2026 against the policy schedule. The policy's terms are the ones that apply.
| Item | Quoted | In the policy |
|---|---|---|
| Sum insured | ₹10,00,000 | ₹10,00,000 |
| Premium a year | ₹32,000 | ₹38,400Changed |
| ₹6,400 a year more than quoted. After the proposal's health answers or a medical check-up, an insurer can charge an extra premium (often called a loading); the reason is the insurer's to give, in writing. | ||
| Waiting period, pre-existing diseases | 36 months | 36 months |
| Father | Standard terms | 36-month wait for a declared condition, 20% co-payChanged |
| A 36-month waiting period for a condition declared for your father: claims for it aren't paid until it ends; a 20% co-pay on your father's claims; the reason is the insurer's to give, in writing. | ||
Free look until about 9 Nov 2026: the policy can be returned for any reason until then.
Six questions, answered
Tap an answer for the detail01What's in this check
- PolicyKaveri Family Shield
- InsurerKaveri Health Insurance Ltd
- KindFamily floater health policy
- People insuredYou (38), Spouse (35), Father (63)
- Insured without a break since8 Oct 2026
- This policy year8 Oct 2026 to 7 Oct 2027
- DocumentsPremium quote · Policy schedule · Customer Information Sheet
02In short
₹10,00,000 shared by You (38), Spouse (35), Father (63), ₹38,400 a year. 6 conditions decide what's paid. On the example bill of ₹2,68,000, the policy would pay about ₹1,60,000. The insurer decides what's admissible on a real claim.
03Key numbers
Policy heldSum insured
₹10,00,000
Family floater
Bonus
—
none yet
Premium
₹38,400
Yearly
Room rent
₹10,000 a day
1% of sum insured
Co-pay
Up to 20%
Father
04Important findings
Most important first · tap to expandThe free look is 30 days from receiving the policy document. Returned within it, the premium comes back less the cost of any medical check-up, stamp duty and the cover for the days you had.
Policy p.1, Despatch · Policy p.1, Period of insurance
Coming up
7 Nov 2026
the first waiting period ends
08What Myra could not verify
0Nothing essential is missing.
09Suggested questions
05What you're committing to
- A premium every year to keep the cover
- Renew without a break: waiting periods and the moratorium count from the first policy
- Everything disclosed in the proposal; non-disclosure can be questioned until the moratorium
06What can change
- PremiumAt renewal, by age band and the insurer's revision
- Cover availableA bonus adds to it; claims in the year use it up
- RulesIRDAI's, by the policy's dates
07Getting out
- Free look30 days from receiving the policy
- PortingTo another insurer, keeping the credit earned
- Not renewingThe cover and waiting-period credit end