All about Mediclaim Insurance

What is Health Insurance (Mediclaim) ?

Health Insurance is a form of insurance which covers the expenses incurred on medical treatment and hospitalisation. It covers the individual and family against any financial constraints arising from medical emergencies. In case of sudden hospitalisation, illness or accident, health insurance takes care of the expenses on medicines, oxygen, ambulance, blood, hospital room, various medical tests and almost all other costs involved.

Type of Mediclaim Policy

·         Individual Policy

·         Family Floater

·         Group Mediclaim

·         Critical Illness Policy

·         Personal Accident Policy

Benefit of Mediclaim Policy

·         Hospitalisation Cash Benefits

·         Cashless Facility

·         Pre-hospitalisation and Post-hospitalisation Benefits

·         Ambulance Charges

·         Health Check up

·         Cover for Pre-existing Diseases

·         Tax Benefits under section 80D

Exclusion of Mediclaim Policy

·         All Pre-existing diseses / injuries

·         Cost of spectacles and contact lenses, hearing aids

·         Charges primarily for diagnostic, laboratory examinations, and not related to any treatment in
hospital. So also for vitamins and tonics unless prescribed for treatment.

·         Naturopathy treatment

·         Dental treatment not requiring hospitaiisation

Major Mediclaim Insurace Provider company

·         New India assurance

·         National Insurance co

·         Oriantal Insurance

·         United India Insurance co

·         Star Health

·         ICICI Lombard

·         Bajaj Allianz

·         Tata AIG

·         Royal Sundram

·         Max Bupa