What is Health Insurance?

Mediclaim is a policy which helps you in the case if you suffering from medical condition and the most importantly it would be a big financial support during such period.

For this, you have to only pay a certain amount and rest all the expenses like, medicine , hospitalized bills, doctor charges etc. will be taken care or bearable by Insurance Companies.

Why do you need health insurance?

Medicare or medical costs are rising year on year. As a matter of fact, inflation in medicare is higher than inflation in food and other articles. While inflation in food and clothing is in single digits, medicare costs usually escalate in double digits.

For an individual who hasn’t saved that much money, arranging for funds at the eleventh hour can be a task. This is particularly daunting for seniors, given that most ailments strike at an advanced age.

One way to provide for health-related / medical emergencies is by taking health insurance. Health insurance offers considerable flexibility in terms of disease / ailment coverage. For instance, certain health insurance plans cover many critical illnesses and surgical procedures. The insurance plan disburses the payment towards surgery / illness regardless of actual medical expenses. The policy continues even after the benefit payment on selected illnesses.

With health insurance, you are assured of a more secure future both health-wise and money-wise. This makes health insurance policies critical for individuals, especially if they are responsible for the financial well-being of the family.

Why Mediclaim is important?

• As we all know medical expenses are being increasing day by day.
• Today for the treatment of small diseases such as dengue-malaria, it also consumes 1 to 5 lakhs.
• We all know that the life style we live in today is full of stress.
• Today our food is such as pulses, rice, vegetables, everything is chemically.
• Due to this, illness like blood pressure and diabetes today in India is like an infections.
• The largest diabetes in the world is Indian people.
• In our country today 2 out of 10 deaths are caused by heart attack.
• The person who is healthy today can not be guaranteed that he will not be ill tomorrow. Nothing can be said about what will happen in the future.
• In such a case, Health Insurance Policy can be very helpful for us.

Differences between Medicalim & Health Insurance?

Have you ever bought a mediclaim policy and end up wondering, is it any different from health insurance? These two terms are too often used interchangeably. However, there are some sharp differences between them. While mediclaim limits itself specifically to hospitalization expenses, a health insurance is much more comprehensive and provides a cover that extends beyond hospitalization.