There are so many Mediclaim policies available in the market that it can be challenging to

choose the right one for you and your family.

How do you know which policy will provide you with the best coverage?

What are some of the factors you should consider when making your decision?

In this article, I will discuss some of the things you need to keep in mind when choosing a
Mediclaim policy.

What is Mediclaim Policy, and what does it cover?

A Mediclaim policy is a type of health insurance that provides coverage for medical expenses. It
can help you pay for hospitalization, accident-related treatment, and pre-existing diseases up to a
pre-specified limit.

Most Mediclaim policies also provide coverage for dental expenses and vision care. Some
policies even offer a range of prescription drugs and ambulance services.

How do you choose the right Mediclaim Policy for your

needs and budget?
Here are a few tips to help you choose the right Mediclaim policy for your needs:

 Think about what type of coverage you need. Do you need coverage for hospital bills,
doctor's visits, and other medical costs? Or do you need dental and vision care coverage?
 Think about your budget. How much can you afford to pay for health insurance each
month?
 Think about the deductible amount. How much do you want to have to pay out of pocket
before the policy starts to cover expenses?
 Check for exclusions and limitations. Ensure the policy covers the type of medical
expenses you are most likely to incur.
 Check for additional benefits. Some Mediclaim policies offer other benefits such as
prescription drug coverage or ambulance services.

How much should you expect to pay for a Mediclaim Policy

each year?
The cost of a Mediclaim policy varies depending on the type of coverage you choose, the
deductible amount, and other factors.

You can expect to pay between Rs.2000 and Rs.5000 per year for a Mediclaim policy.
What if you already have health insurance through your
employer?
If you already have health insurance through your employer, you may not need to purchase a
Mediclaim policy. Check with your employer to see what type of coverage is provided.

However, if you are not happy with the coverage provided by your employer, you may want to
consider purchasing a Mediclaim policy.

Mediclaim policies are available for individuals and families.

What are the benefits of having a Mediclaim Policy?

There are several benefits of having a Mediclaim policy:

 It can help you pay for medical expenses not covered by your health insurance plan.
 It can provide you with peace of mind knowing that you are covered in case of an
unexpected illness or accident.
 It can help you save money on medical expenses.
 It can provide coverage for dental expenses and vision care.
 It can offer additional benefits such as prescription drug coverage or ambulance services.
 A policyholder can file multiple claims until the total amount insured is used up.

How do you renew a Mediclaim Policy?

Most Mediclaim policies must be renewed annually. The renewal process usually involves
paying the premium for the upcoming year.

Make sure you renew your policy on time to keep your coverage active.

What if you no longer need a Mediclaim Policy?

If you no longer need a Mediclaim policy, you can cancel the policy and receive a refund of the
premium paid. Make sure to contact the insurance company to request a refund.

How To Claim Mediclaim Policy?

To claim a Mediclaim policy, you must submit a claim form to the insurance company. The
claim form will ask for information about the illness or accident and the medical expenses
incurred.

Make sure to keep all of your receipts and other documentation related to the claim if you are
asked to provide it later.
What is not covered by Mediclaim Policy?
Most Mediclaim policies have exclusions and limitations. This means that the policy will not
cover certain types of medical expenses.

Be sure to read the policy carefully to see what is not covered.

Some standard exclusions include:

 Treatment for cosmetic purposes

 Experimental treatments
 Expenses incurred for drugs and alcohol addiction
 Mental health expenses

What is the process for filing a Mediclaim Policy claim?

The process for filing a Mediclaim policy claim depends on the insurance company.

Generally, you will need to submit a claim form and provide documentation of the medical
expenses incurred.

The insurance company will review the claim and determine if it is covered. If it is covered, they
will pay for the expenses.

Difference Between Health Insurance And Mediclaim Policy

The cost of medical and surgical treatments is covered by health insurance. The policyholder
must pay for these expenditures out-of-pocket, after which the insurer or insurance company
pays the bill directly to the network hospital. Because coverage is usually more extensive than
hospitalization expenses, it is generally more costly than a Mediclaim policy.

Mediclaim insurance is an insurance plan that offers protection against health-related expenses.
If something unexpected happens and you have to go to the hospital, your Mediclaim insurance
will help pay for some costs. Keep in mind that the coverage is limited to hospitalization, so
other medical expenses will need to be paid for by you. Mediclaim insurance is usually much
less expensive than health insurance.

What To Choose: Mediclaim Or Health Insurance?

When it comes to tax benefits under Section 80D of the Income Tax Act, both Mediclaim and
health insurance plans provide them. Insurance specialists advise selecting a health insurance
plan since health plans give comprehensive insurance coverage. However, look for India's finest
health insurance firm before choosing the best health insurance plan.
Conclusion
I hope this article has helped you understand the Mediclaim Policy and the process of filing a
Mediclaim Policy claim. Please feel free to contact the insurance company if you have any
questions.