Medical emergencies can happen at any time. If you do not have health insurance, you should be prepared to pay a fortune for a hospital stay. Yet, despite the escalating healthcare costs, several of us disregard and fail to cover our families and ourselves with mediclaim coverage. Unfortunately, many people are still hesitant to learn about medical insurance because they believe it requires too much paperwork and is too complicated to understand. But is that the case? Let us better understand mediclaim insurance, what it provides, the diverse types, and how simple it is to obtain one.
Firstly, let us talk about the features of the Mediclaim Policy:
People who do not follow an active lifestyle are more likely to get sick with several diseases. If you have medical insurance, you can get coverage when you need it most. A lot of people choose to purchase a medical insurance policy for the following reasons:
- The cashless facility is available at network hospitals.
- Both individuals and families can access medical insurance.
- It offers tax advantages on the yearly premium.
What varieties of Mediclaim policies are there?
There are several diverse types of Mediclaim plans on the market. You can select insurance based on your individual needs. The following are examples of the best health insurance in India:
- Individual policy: As the name implies, an individual policy is for a single person, and only that person can use the policy’s benefits.
- Family Floater Policy: In a family floater policy, one person receives coverage, which can then be expanded to include other family members.
- Senior Citizen Policy: This policy is specifically created for those over 60. This insurance covers the hospitalization costs for that age group.
- Illness Critical Mediclaim Policy: The hospital costs for treating life-threatening illnesses, including cancer, kidney failure, heart ailments, etc., swiftly exhaust your money. Critical illness coverage pays a lump sum when a condition is diagnosed to help reduce those costs.
- Mos-Bite Protector Policy: It provides a lump sum payment in the event that you are identified as having any vector-borne illnesses, such as Malaria, Dengue fever, Chikungunya, or Zika virus.
- Personal Accident Policy: Protection against accidental death, permanent total disability, permanent partial disability, and temporary total disability are covered in the policy.
What Does a Mediclaim Policy Offer?
A mediclaim policy’s inclusions differ from insurer to insurer. However, in general, the best health insurance in India covers the following costs:
- Hospital fees
- Day Care Treatment
- Pre- and post-hospitalization costs
- Hospital Stay
- Consultation fees
- Policy Exclusions for Mediclaim
How Can You Pick the Best Mediclaim Policy?
When buying a mediclaim policy, especially if it is your first time, it is normal to feel a little overwhelmed. Only some enjoy insurance and choosing the best plan can be challenging. In light of this, we have highlighted three fundamental guidelines that will aid in your decision-making and guarantee that you purchase the appropriate medical insurance coverage.
What to Consider When Purchasing a Mediclaim Policy?
As you may already be aware, you have a variety of options for mediclaim policies. You will receive a unique collection of features and benefits from each of these programs. This can make it challenging to decide among all the possibilities. To assist you in choosing the best option while comparing plans, we have highlighted five crucial points.
- Plans should include a larger network of hospitals that accept cash
- Rate of claim settlement
- Caps and Restrictions
Why Get an Online Mediclaim Policy?
One should buy the mediclaim policy more conveniently; all you have to do is go to the insurance website and do it online. By doing this, you will gain several advantages, some of which are as follows:
- Ease: Using the internet simplifies everything, including purchasing a medical insurance policy. Simple procedures include filling out your information, customizing your coverage, and purchasing. You will get immediate, all-encompassing protection from medical crises.
- Quickness: By purchasing a mediclaim policy online, you can avoid spending time driving to and from the branch. You should be able to save some time by doing this.
- Convenience: Purchasing a mediclaim policy through a branch or agency requires effort. To purchase a plan in the real world, you must find extra time in your busy day or postpone some personal obligations. However, you may access health insurance coverage online whenever you choose.
- Paperless: You will not have to deal with paper forms or paperwork. You can enter your information, upload scanned copies of your documents, and receive the policy document in your email because everything is done online.