2. On the basis of the hospital cash benefit limit that you choose, your premiums will be set.

3. From your annual premium, some amount will be deducted as health insurance charges. From the remaining amount, again charges will be deducted towards your unit linked investments and the balance will be invested in a fund of your choice, either debt or equity.

4. Each family member can claim one surgery only once. The total claims in a year will be limited to the sum assured for that family member.

5. The units in your investment portion will continue to generate returns and you can withdraw them at the end of the maturity period. You can also make partial withdrawals during the term of the policy subject to some company rules.

Back to Manish's questions, we try to anwer them.

Question 1: Is it a good decision to move from a mediclaim policy to a unit linked health insurance plan?

The answer, according to Certified Financial Planner, Gaurav Mashruwala is a simple -- NO! Here are some important reasons:

• Each surgery is paid for only once

If the company has paid you surgical benefits for one surgery in a year, it will not pay for that again in the future. However, in case of mediclaim policies, if a medical condition was not pre-existing at the time of taking the policy, it will be covered in the future.

• No 'no claim bonus'

'No claim bonus' is a big benefit in mediclaim policies ,which is absent in unit linked health insurance policies. In a mediclaim policy, for every claim-free year, you get an increase in the sum assured of 5 per cent for the same premium. That's how Manish has accumulated the bonus of Rs 2.31 lakh.