Mediclaim Policy: The Life Saver

Mediclaim Policy: The Life Saver

As there is a saying, an apple a day keeps the doctor away. However, with the rising cost of apple it is not possible to evaluation the know-how of this saying. If you calculate the number of visits to a doctor along with the unexpected tests and medicines apart for the hospitalization charge, it will bring some unwanted tension to your life.

Mediclaim policy provides the coverage for the hospitalization value which one incurs while being admitted to the hospital. The cost of the surgery, talk, medicines, diagnostic tests and pre hospitalization and post hospitalization charges are also covered.


Top 5 factors to keep in mind while purchasing a Mediclaim policy:

1 ) Adequate coverage amount: The amount covered by the insurance company should be potent enough to cover the family members with the rise in metros.

2 ) If the plan is reimbursement or cash allowance: - While in reimbursement, the claims is reimbursed in the later stage, below the cash allowance a fixed amount is liable on daily basis however precious the treatment is.

3 ) Copay with limits: - In this, if insurer chooses to take the estimable treatment with wonder cantonment, then a co - pay amount is to be paid.

4 ) Cashless facility: This facility reduces the burden of the insured to run around and arrange for cash before getting admitted. However you need to check for this in Terms and essence as there have been some changes in the govt. policies.

5 ) Also you need to check for the premium amounts when you get old. In that age it should not be difficult for you to get the insurance benefits.


Who is eligible for this policy?

Anybody between the ages of 18 years to 60 years can be insured. However children below the age of 18 years can be insured with the parents. A person can remain insured even after 60 years if he has always been with company without any division.

Policy Coverage:

Generally the policy covers the hospitalization for more that 24 hrs and also the 30 days pre hospitalization and 60 days of post hospitalization coverage. It includes the day care treatment, ambulance charges, surgery and chitchat along with the diagnostic tests.

Insurance Providers

Few of the big names are TATA AIG Insurance Company, Bajaj Allianz General Insurance Company, and ICICI Lombard Insurance Company. These companies offer affordable Mediclaim policies with the tax gains. And now these policies and their Terms and Conditions can be seen online on policybazaar. com. The internet in one way has revolutionized the medical factor and has made it easier for the consumer to compare and choose the Medical Insurance policies.

The other benefit of buying online is that it saves a lot of your time. You are not required to visit the various insurance companies. Visiting policybazaar. com insures the security of transactions without any headache of paperwork. The payments can be made via various security gateways. And the tough copy of the policy will spread within 2 - 3 days. Also the payments can be converted into engrossment remuneration EMIS with the help of credit cards.

There are various policies which sustain various tax saving plans also. Family Floater plans, Health Advantage Plus, Health Guard and Hospital Cash are some of the health insurance schemes available in India. The tax reform underneath 80D includes all these plans.

There today, we should not invest not only in collectible apples, but should also whammy for some good mediclaim policy on policybazaar.