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Health Insurance - Mediclaim
Health Insurance - Mediclaim
Health Insurance is a type of insurance policy that covers the costs associated with medical expenses. It acts as a financial safeguard for individuals or families, ensuring they can afford quality healthcare without worrying about the burden of unexpected medical bills.
Key Features of Health Insurance:
- Hospitalization (inpatient treatment)
- Pre- and post-hospitalization expenses
- Daycare procedures (e.g., cataract surgery, chemotherapy)
Coverage for Medical Expenses:
Cashless Facility:
- Many policies offer cashless treatments at network hospitals, where the insurer directly settles bills with the hospital.
Types of Plans:
- Individual Plan: Covers one person.
- Family Floater Plan: Covers the entire family under one sum insured.
- Critical Illness Plan: Focuses on major illnesses like cancer, stroke, or kidney failure.
- Group Health Insurance: Offered by employers to their employees.
Add-On Features:
- Maternity benefits
- Annual health check-ups
- Alternative treatments (like Ayurveda or Homeopathy)
Tax Benefits:
- Premiums paid are eligible for tax deduction under Section 80D of the
