This includes expenses like oxygen cylinder, blood, organ donor expenses, room charges, organ donation, tests etc. But, generally, most insurance companies include the following expenses: The inclusions of a mediclaim policy vary from insurer to insurer. What is the inclusion in a Mediclaim policy? It offers protection against accidental death, permanent total disability, permanent partial disability and temporary total disability. This policy pays a lump sum amount if you are diagnosed with any vector-borne diseases like Malaria, Dengue fever, Chikungunya and Zika virus. A critical illness policy helps in curbing those expenses by paying a lump sum amount on diagnosis of the disease. the hospital expenses quickly deplete your savings. While battling life-threatening diseases like cancer, kidney failure, heart diseases, etc. This policy covers the hospitalisation expenses of that age group. This policy is designed especially for people who are more than 60 years. In a family floater policy, the coverage is given to one individual, who can further extend this to his or her entire family.
The popular types of Mediclaim policies are:Īs the name suggests, an individual policy is for one person, and only the designated person can avail of the benefits listed under the policy. You can choose a policy, depending on your specific requirement. There are various types of Mediclaim policies available in the market. What are the types of Mediclaim policies? It provides tax benefits on the annual premium.Mediclaim is available for both individual and family.You can avail of the cashless facility at network hospitals.Today, a lot of people prefer buying a mediclaim policy because of the following reasons: Purchasing a medical policy can help you get financial assistance in the hour of need. In the purview of the sedentary lifestyle, people are at a high risk of suffering from various diseases. What are the features of a Mediclaim policy? One of the critical features of a mediclaim policy is that it is valid for a limited period, and you must renew the policy at the end of the term to continue to get the benefits of the policy. However, to benefit from the cashless facility, you must seek treatment from one of the network hospitals of the insurer. The insurance company will directly settle the bill with the hospital. Also, if you have opted for cashless treatment option, you need not worry about paying the bills. If you have purchased a mediclaim policy, you can request reimbursement by submitting the bills to the insurance company. All You Need to Know About Mediclaim Policy in IndiaĪ Mediclaim policy is a type of health insurance policy where the insurance company reimburses the expenses incurred by the insured for treatment of their medical condition.