Medical Insurance

Medical insurance is designed to provide policyholders with financial backup during medical emergencies

What is Mediclaim?

A Mediclaim policy is a sort of health insurance policy in which the insurer reimburses the holder of the policy for all the medical expenses that are incurred on treating their medical condition.

How Does Mediclaim Insurance Work?

Mediclaim insurance is designed to provide policyholders with financial backup during medical emergencies. To understand what is medicalim policy and how it works, you need to know the following things about it:

Provides Coverage

It covers the cost of hospitalization due to accident, surgery, or critical illness throughout the policy period.

Premium Payments

Like all other forms of health insurance, you must routinely pay a premium amount to avail the benefits of Mediclaim.

Renewal Terms

However, Mediclaim comes with a pre-specified insurance cover, and you need to renew the policy at the end of every term to keep enjoying the perks.

Settlement Options

As per your preference, you can either opt for Mediclaim offering cashless hospitalization or reimbursement settlement. Cashless hospitalization Mediclaim is much more convenient as the bills are settled by the insurance provider directly with the hospital.