Mediclaim Insurance is a type of health insurance policy that covers the cost of hospitalization and medical expenses incurred due to illness or accidents. It helps policyholders manage healthcare costs by reimbursing or directly paying the expenses to the hospital

Types of Mediclaim Insurance

Individual Mediclaim Insurance

• Covers only the insured individual.
• Ideal for single people or those with employer-provided family coverage.

Family Floater Mediclaim Insurance

• Covers the entire family under a single policy.
• Sum insured is shared among all family members.

Senior Citizen Mediclaim Insurance

• Tailored for individuals aged 60 and above.
• Offers benefits like higher coverage for critical illnesses and pre-existing conditions.

Group Mediclaim Insurance

• Provided by employers for their employees.
• Covers a group of people under one policy, often at a lower premium.

Features of Mediclaim Insurance

Cashless Hospitalization

• Allows policyholders to receive treatment without paying upfront at network hospitals.

Pre and Post-Hospitalization Cover

• Covers medical expenses incurred before and after hospitalization for a specified period.

Daycare Procedures

• Includes coverage for treatments that do not require 24-hour hospitalization.

Room Rent and ICU Charges

• Covers room rent and ICU charges as per the policy terms.

Ambulance Charges

• Provides reimbursement for ambulance expenses in case of emergencies.

No Claim Bonus (NCB)

• Rewards policyholders with a bonus for each claim-free year, increasing the sum insured without additional premium.

Tax Benefits

• Premiums paid for Mediclaim Insurance are eligible for tax deductions under Section 80D of the Income Tax Act.

Mediclaim Insurance is essential for safeguarding your finances against unforeseen medical expenses. Whether you are single, have a family, or are looking for coverage for senior citizens, there's a Mediclaim policy to meet your needs. Secure your health and financial future with JK Financial Services today.