Mediclaim insurance provides financial protection against unexpected medical expenses. It helps individuals and families manage the rising cost of healthcare by covering hospitalisation, treatments, surgeries, and other medical emergencies. With a suitable mediclaim plan, you can ensure timely access to quality medical care without worrying about sudden financial burdens.
A mediclaim policy is a form of health insurance that protects you financially during unexpected medical situations. Whether it's a sudden illness, accident, or planned hospitalization, a mediclaim plan helps cover your treatment costs so you don't have to bear the burden alone.
These policies allow you to avail cashless treatment at network hospitals or receive reimbursement for expenses after treatment. In both cases, the insurer pays for the medical costs covered under your plan.
Mediclaim policies are available for individuals as well as families, giving you the flexibility to secure either a single person or your entire household under one health insurance plan.
In India, most insurers offer two types of claim processes:
1. Cashless Claims
If you visit a hospital listed under the insurer's network, you can receive treatment without making upfront payments. The insurance provider directly settles approved bills with the hospital.
2. Reimbursement Claims
If you choose a non-network hospital, you can pay the charges initially and later submit your documents for reimbursement. After verification, the insurer refunds the eligible amount.
Additionally, mediclaim premiums qualify for tax benefits under Section 80D of the Income Tax Act, 1961, helping you save money while securing your family's health.