Salient Features of Best Mediclaim Policy

Mediclaim policy is a health insurance policy that takes care of hospitalisation cost while availing inpatient treatment. Inpatient treatment can lead to hefty expenses and if you are a sole earning member in your family it can be really painstaking to ensure good health for all the family members. Hence, investing in mediclaim insurance policy is a smart way to take care of your finances as well as health of your loved ones.

Features of the best mediclaim policy

If you are looking out for the best mediclaim policy then look out for the following features before buying mediclaim insurance:

• Provides coverage towards hospitalization due to disease, illness

• Covers the cost of surgery, if required, during inpatient treatment

• Coverage towards room rent, nursing expenditure, doctor’s fee, medicine cost

• Provides cover for laboratory tests

• Lists clearly the sub-limits on room-rent or any procedure, if applicable

• Lists clearly the diseases or ailments not covered during initial policy year

• States clearly the condition attached to the coverage of pre-existing diseases

• States clearly the entry age of taking the policy and the maximum age for which the coverage is provided

• States explicitly if pre-medical checkups is required before the policy is sold so that no confusion arises at the time of need

A genuine provider would ensure that all the terms and conditions are clearly informed to the prospective buyer so that there is no dispute in this long term relationship. Always remember to focus on exclusions of policy so that you are aware beforehand of the necessary arrangements required from your side.

Types of mediclaim insurance

Individual policies: If you are single than this policy is best suited for you. You can avail coverage for Rs 2 lacs or Rs 3 lacs or more as per you contingency reserve. The policy is valid for one year and the renewal premium is paid every year to keep the policy in-force and running. Ensure to pay timely the renewal premium, otherwise the policy would lapse and you would be deprived of the coverage.

Family floater plans: If you are married or look after your parents, then this policy would suffice your needs. In one premium amount you can avail coverage for the entire family. The coverage amount can be availed by one single member, if required or different family members, if required.