Mediclaim or health insurance


#1

Is health insurance better than mediclaim?


#2

Hi,

Even though mediclaim and Health Insurance are used interchangeably, they are quite different. Medicliam is usually indemnity-based wherein you incur the expense and then get it reimbursed. In case of Health Insurance, you have cashless claims. Note that now mediclaim policies do come with the cashless facility. Mediclaim is largely used for hospitalisation whereas Health Insurance can cover health check-ups and consultations. With mediclaim, you can make any number of claims. With Health Insurance policies such as a personal accident policy, you can claim only once. Mediclaim policies are undergoing changes and insurance firms are now offering better policies than they did a decade ago. However, Health Insurance might be more comprehensive. We suggest that you compare mediclaim and Health Insurance to see which one offers the benefits you need and then decide.

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Cheers,
Team BB