Mediclaim plans are hospitaliation benefit plans that are offered by general and health insurance companies. Mediclaim plans ensure that your medical expenses are expensed, or reimbursed by the insurance company, in case you have to incur those during the coverage period. Cashless mediclaim insurance india is of great advantage during medical emergencies.
a) Cashless health insurance facility reduces a customer’s financial burden and helps him recover with peace of mind.
b) It helps customers who do not have immediate liquid money for pay for their hospitalisation expenses.
Thus, while you compare mediclaim policy always consider your overall limits under the plan, the depth of coverage and the hospitals so that you avail excellent health care facilities offered by mediclaim insurance companies. The other points to consider while buying best mediclaim policy are following:
Sum Insured: It is the total annual liability under the policy
Copayment: It means you claim amount will be divided amongst you and your insurance company by a certain percentage
Limits on specific treatments: Insurers put limits on certain specific treatments such as cataract or cardiac treatments.
Waiting period: Check the policy conditions for the various policies and get a clear picture of the waiting periods of specific diseases.
Hospital room rent and Maternity cover: Keep in mind the upper limits here and see if this covers the costs in the hospital of your choice. Check for various sub-limits.
Empanelled Hospitals: Check if your hospital is empanelled under the insurer. This would make life easier while availing cashless facility.
Day Care Treatments: Compare the list of day care procedures covered and choose the best for you
This type of policy allows one cover amount for the whole family at comparable prices thus helping you resolve the dilemma of covering children for higher amount since children might have very low risk. There is one floating sum insured for all the family members and now a day’s a lot of family health insurance companies are offering such plans to the consumer.