Mediclaim Policy

Medical inflation has made healthcare services expensive. If you end up getting admitted to a hospital due to a medical emergency, the hospital bill will exhaust your lifelong savings in no time. Buying a mediclaim policy is the best way to pay for your costly medical treatment without losing your savings.

What is Mediclaim?

A Mediclaim is a kind of health insurance that covers your medical expenses in case of any health emergency up to the sum insured. A Mediclim policy also offers cashless treatment facilities to the policyholder at insurer’s network hospitals and is available on both individual & floater sum insured basis.

 

Benefits of Buying a Mediclaim Policy

With the increasing number of lifestyle diseases today, the cost of hospitalization and healthcare expenses are touching the roof. By buying a mediclaim policy, you can get financial support during hospitalization in case of a medical emergency. Take a look at the numerous benefits of buying a mediclaim policy below:

 
Cost-effective - A mediclaim policy is a cost-effective way of availing healthcare services without exhausting your savings.
Cashless Treatment - Cashless hospitalization facility is available in all network hospitals of your insurance company, which eliminates any out-of-pocket expenses in case of a medical emergency.
Eases Financial Stress – It lowers the financial burden on the policyholder and his/her family by offering monetary assistance during a medical emergency.
Individual and Family Floater Cover - Both individual and family floater policies are available in the market.
Hospitalization Expenses - Mediclaim policies cover in-patient hospitalization expenses, such as OT expenses, doctor’s fees, nursing charges, medicine costs, etc. incurred due to an illness or accidental injury.
Lifelong Renewability - A mediclaim policy can also offer a lifelong renewability option to the policyholder depending on the opted policy.
Additional Benefits - It comes with several additional benefits, such as ICUs charges, room rent, etc.
Tax Exemption Benefits - Tax benefits under section 80D can be availed on the policy premium that is paid every year.

What is Covered in a Mediclaim Policy?

A mediclaim policy provides coverage for the following expenses:

Hospitalization Charges

It covers all the direct charges incurred during hospitalization, such as OT charges, diagnostic procedures, blood, oxygen, medicines, chemotherapy, x-ray, radiotherapy, donor expenses, pacemakers, etc. It provides coverage for sickness as well as accidental hospitalization.

Hospital Room Charges

Charges of a regular ward or intensive care unit are fully recompensed or taken care of by the insurance company with cashless hospitalization at network hospitals.

Fees Charged by Medical Professionals

Compensation is provided for fees charged by the doctor, surgeon, nurse, anaesthetist, etc. while admitted to the hospital.

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