Question: What Is The Difference Between Mediclaim And Health Insurance?

The stark differences between mediclaim and health insurance are: Mediclaim is mainly for covering hospitalisation expenses.

A health insurance plan covers hospitalisation expenses, pre-post hospitalisation expenses, ambulance charges, compensation for the lost income, etc.

depending on the policy benefits.

Is there any difference between health insurance and mediclaim?

The major difference between two is that mediclaim limits itself in particular to the hospitalization expenses. However, health insurance is far more complete. It offers a comprehensive cover that extends further than hospitalization expenses.

What is a mediclaim?

Mediclaim policy is nothing but a health insurance policy that is designed to take care of one’s healthcare expenses up to the sum assured, in case the person faces any sort of medical emergency, be it an illness or an accident that has led to hospitalization.

How does a mediclaim policy work?

Coverage – A mediclaim health insurance provides insurance coverage against hospitalization expenses, treatment expenses due to an accident and specific diseases. Claim Settlement – A mediclaim claim is processed in the form of reimbursement as well as cashless treatment.

What is the health insurance?

Health insurance covers medical expenses for illnesses, injuries and conditions. But, unlike a plan through an employer, individual health insurance is something you select and pay for on your own.