With medical costs sky rocketing daily there is a growing need of having a Mediclaim policy in your name. A Mediclaim policy or a health insurance policy will help you cover the medical expenses in case you have to undergo certain medical treatment or are hospitalized for some reason. A Mediclaim policy basically provides a health cover of a certain amount of money and hence in the case of incurring any medical expenses, the expenses to a certain limit are borne by the particular insurance or the Mediclaim Company under whom you might have taken the Mediclaim policy.
The Mediclaim policy can be taken on an individual basis or for the entire family if the need be. The insurance premium which is charged by the insurance company will defer from company to company and will depend on whether the Mediclaim policy has been taken for an individual or a group or whether the insurance policy is a cashless or not. The medical age for a Mediclaim policy differs and thus in certain cases the applicant may be required to undergo a medical test or in certain cases the applicant may not be asked to undergo a medical test.
The amount of money that the company reimburses to the person who has the Mediclaim policy in his or her name will be dependent on the health cover that the company is providing. With medical costs in hospitals on the rise it has become necessary to have a Mediclaim policy in your name so that if any medical expenses are incurred then the insurance or the Mediclaim policy will help you take care of them.
Mediclaim policies are offered these days by a plethora of companies. Health insurance, medical insurance or under the brand name Mediclaim, these companies offer Mediclaim policies to their customers. Thus whether it is a Tata AIG, Bajaj Allianz, ICICI Lombard, Reliance, SBI, HDFC health insurance, Religare or others, you can choose from any of these companies a Mediclaim policy that best suits your needs or the needs of your family.
Mediclaim policies can be taken on an individual basis or on a family basis. Thus one Mediclaim policy may be enough to take care of the entire family. You will need to go through the terms and conditions of the Mediclaim policy in order to be sure about who all come under the family health insurance policy that you may be wanting to take.
Mediclaim policies offer several advantages. From being able to help you tide an emotional and financial crisis and also taking care of any medical expenses that may be incurred due to injury, surgery or any other conditions. Mediclaim policies also offer a chance to save tax through the Section 80D. And hence due to the immense benefits that the Mediclaim policies provide to you, the earlier you get a Mediclaim policy in your name the better it is.