Advantages of the Mediclaim Health Insurance Coverage
by Jessica Kappor Project Manager– We all
know how important it is to get the adequate treatment for medical conditions.
But often the monetary expenses of the treatment burn a hole in the pocket.
Some of these expenses that the victim might possibly incur are –
·
Hospitalization
charges
·
Treatment
costs
·
Medical
professional fees
This is why
it is always crucial to obtain proper health insurance coverage to mitigate or
fully compensate the expenses and allow immediate treatment.
Advantages of the mediclaim health insurance policy
When opting to receive mediclaim benefits, the
policyholder is able to receive the full extent of the medical treat cost,
regardless of the amount. This ensures complete medical compensation benefit
for the entire treatment cost. Some of the key benefits of the mediclaim policy are -
Ø Total medical expense coverage regardless of the medical treatment
cost
Unlike
most healthcare policies that award the insurer with a lump sum amount during
policy claim, the mediclaim health policy provides the exact insurance cost
expenditure. This is especially useful in emergency cases where immediate
presentation of the complete medical treatment cost is of paramount importance
Ø There is no cap on the number of claims in a Mediclaim policy
Until
the insurance amount is completely used, the policyholder is allowed to make a
number of claims under the mediclaim policy. Thus, the policy holder is
completely medically insured under this policy.
Ø Complete medical treatment coverage
From
hospitalization expenses to treatment procedure charges to medical professional
fees, a mediclaim policy provides complete cost coverage to the policy holder.
Ø Income tax benefits
Under
section 80D of the Income Tax Act, a reasonable amount of tax deduction can be
availed by the mediclaim policyholder.
Ø Senior citizen benefits
The
mediclaim insurance policy has special provisions made for senior citizens
(people over the age of 65). Treatment costs related to age related ailments
are covered by this policy, along with the inclusion of a slew of coverage
options such as cashless mediclaim, critical illness coverage, etc.
Ø Overseas mediclaim policy coverage
The mediclaim health insurance coverage benefit is able to extend to mediclaim policyholders who are travelling overseas, or any place else where the policy is applicable. Whether the mediclaim health insurance policy is bought from India or some other country, this benefit is always applicable.
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Created on Feb 16th 2018 04:48. Viewed 452 times.