Mediclaim Insurance

Mediclaim insurance in India has become a pivotal part of every individual's investment profile. With medical treatment cost reaching an all time high and further expected to rise, more and more people are realizing the benefits attached to a medical insurance policy. Though one cannot provide coverage for emotional loss, at least financial losses up to 100% can be covered with a health insurance policy during a medical emergency. This implies that though a health insurance policy may not act as a saving or money multiplier instrument like other investment products, it certainly scores as one of the most effective risk coverage instrument which provides financial assistance to the insured during medical contingency.

A person insured under a mediclaim insurance policy can avail cashless treatment at network hospitals. This implies that in case the insured is admitted in the network hospital following a medical emergency, he/she need not pay any amount from his/her pocket but the claim is settled directly by the insurance company or TPA with the hospital. Similarly, reimbursement of medical expenses is paid to the insured by the insurer in case of non-network hospitals.