ARE YOU LOOKING FOR A MEDICLAIM POLICY? LET US HELP YOU!

A Mediclaim policy provides coverage against medical expenses that one might incur. Individuals who have a Mediclaim policy can either raise a cashless or reimbursement claim. These policies also provide tax benefits to policyholders.

A Mediclaim policy provides the policyholder with financial assistance through cashless facilities or reimbursement during medical treatments and hospitalization. It covers the insured against any medical expense that might occur during the policy period and also offers tax benefits under section 80D of the Income Tax Act of India, 1961.

What Is Mediclaim Policy?

A mediclaim policy is a type of insurance that covers medical expenses of the insured in case of a medical emergency during the policy tenure.

A mediclaim policy also known as health insurance wherein the insurance company compensates the policyholder for accidental hospitalization and illnesses up to the policy coverage amount.

Under the mediclaim policy, you can cover self, spouse, children, and dependent parents and opt either cashless facility or reimbursement to settle the claim.

It is the best mediclaim policy for investment that avails class healthcare services without getting worried about money. Therefore, the farsighted approach, pragmatic planning, and mediclaim surely help you to save your hard-earned money and get financial security.

BENEFITS OF MEDICLAIM POLICY

It is your savior whenever you or your family faces a medical emergency. It provides you financial help without depletion of your savings. Read below the significant benefits of having the best medical policy for the family:

    • Mediclaim policy provides a cashless hospitalization facility during a medical emergency.
    • Cover out-of-pocket medical expenditures.
    • Mediclaim policy additional riders such as alternative treatments, ambulance cover, day-care procedures, health check-ups, according to your needs for complete protection.
    • Coverage for pre and post hospitalization expenses such as OPD expenses, diagnosis, doctor’s fee, medication, surgeries, ambulance cover, therapies, etc.
    • Option to pick critical illness cover and get the expenses covered for the treatment of life-threatening diseases.
    • Lifelong renewability with additional benefits such as coverage for alternative treatments, day-care procedures, annual health check-ups, etc.
    • The advanced treatment facility in-network hospitals in nearby locations.
    • Tax benefits under Section 80D of the Income Tax Act, with exemption up to Rs.25, 000.

MEDICLAIM POLICY COVERAGE

The coverage varies from one policy to another, but usually, the following expenses are covered:

  1. Hospitalization charges : It covers all the all direct charges incurred during hospitalization such as OT charges, diagnostic procedures, blood, oxygen, medicines, chemotherapy, x-ray, radiotherapy, donor expenses, pacemakers etc.
  2. Day-care Charges : Expenses incurred on specified technically -advanced treatments like cataract surgery etc. that do not require hospitalization for more than 24 hours.
  3. Pre and post-hospitalization expenses : Expenses incurred on hospitalization for a period of 30 days before admission and up to 60 days after discharge including ambulance cover are reimbursed.
  4. Hospital Room Charges : Charges of regular wards or Intensive-Care-Unit are fully recompensed, or taken care of with cashless hospitalization in the network hospitals.
  5. Fees Charged by Medical Professionals : Compensation is provided for fees charged by the doctor, surgeon, nurse, anesthetist etc.

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