Guide to Mediclaim
Healthcare involves the services developed to safeguard health, including medical facilities, professional and financial services such as medical insurance. We are exposed to various hazards that can damage not just our physical health, but also our finances. Thus, Mediclaim or Health Insurance becomes significant as it provides monetary protection in case of such unforeseen situations.
It is important to know the basics of Mediclaim, also commonly called health or medical insurance. What exactly does it mean and why is it so important? Read on to know all this and more.
What is Mediclaim Health Insurance?
Why buy Health Insurance/ mediclaim?
# Individual Medical Insurance – Individual insurance caters to the specific needs of an individual. Premium for an individual insurance is higher than group insurance.
# Group Medical Insurance – Group medical insurance offers insurance cover to a group with a common trait – it may be employees of a company, members of a club or an association or members of a co-operative society etc. Many employers now provide medical insurance as a perquisite to their employees.
Make a wise decision while purchasing a Mediclaim policy
The Medical Policy insurance market has evolved exponentially in the last few years. Currently, there are a number of innovative policies offered by various insurance companies. Additionally, there are various add on schemes such as a free health check up coupon, no interest EMI facility etc. Do check on all these to get a better deal. Also, prefer to buy your policy online. It is convenient with no paperwork involved and an instant policy is generated. Having a policy online make it much easier to manage and renew it.
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