Other Mediclaim Policies
Private companies and mediclaim policies: With their offers of critical illness covers and hospital cash, private insurance companies are playing a major role especially in the health insurance sector.
The funds are paid forthright and the individual patient need not be stressed out rushing pillar to post to spit out substantial funds.
The mediclaim policy is becoming popular day by day and industrialists, business professionals and executives mostly opt for this policy. The Bajaj Allianz and ICICI claim that their mediclaim policies are the best in the industry.
Since most of the Industrial workers are covered under the ESI Act they do not take up these policies.
The public is not aware of the specific policies for trauma care, heart treatment and cradle.
Tata AIG Life's Health First plan is promoted as the first comprehensive hospital allowance policy. After the third day of hospitalization for a maximum of 90 days under this plan, a policyholder can avail of hospital cash allowance of up to Rs 2,500 per day.
Additional expenses that are taken care of under this plan are the medicines, lab tests, and even accommodation for the relative staying with the patient.
Key clauses relating to Mediclaim
A medi claim policy is a cover for bad times. However every prospective buyer should read the important clauses carefully before subscribing to a policy. For example,
- Most insurance companies do not accept medi-claim during first 30 days of taking medi-claim.
- Expenses incurred on the treatment of someone suffering from chronic asthma, nephritis, diabetes, epilepsy and hypertension cannot be claimed under a medi claim policy.
