Mediclaim – Part 1

MEDICLAIM POLICY: 

If someone you love relies on your income, you require a Mediclaim policy for you and for them.

Every year, as many as 122 people per 1Lac in India die due to poor quality of health care. This number is alarming. Hence it is necessary to take Mediclaim Policy so that you and your family get a proper health care facility from the best hospitals.

Life is so fast and competitive that a sudden illness or accident are unpredictable. This might be a small incident but can come with a huge expense. Hence having Mediclaim will give you the support by providing you the amount necessary for such a situation.

What are the features of the Mediclaim Policy? 

The best way to cover your hospitalization expenses is to opt for Mediclaim.

It manages the hospitalization expenses in case of an accident, sudden illness, or any surgery.

Always opt for a Mediclaim Policy that covers not only yourself but also your family. Take a floater Mediclaim Policy which can cover the hospitalization expenses of self and family.

The minimum coverage for a family with self, spouse, and 2 dependent children should be 12 to 15 lacs. It depends on you whether you want to increase the coverage.

What are the BENEFITS of the Mediclaim Policy? 

Cost-Effective Health Care: Taking a Mediclaim Policy always ensures that the expenses of any kind of hospitalization wholly are not a burden on oneself. The maximum cost is taken care of by the insurance company. However, there might be some minimal expenses that you would require to bear.

Fix Premium for Longer Term: Being young when you take the Mediclaim you have an added advantage to fix the same premium for a longer period with the same kind of sum assured. When you are young you are healthy and have no complications so the premium amount is comparatively less and you can block it for a longer duration.

Reduces Financial Burden: As I said most of the expenses are taken care of by the insurance company. The financial burden is less, and you don’t require to depend on anyone.

Enable Peace of Mind: It is never the peace of mind when your loved one is admitted to a hospital. However, opting for a Mediclaim reduces the expenses on oneself and gives some peace of mind, at the same time one doesn’t have to compromise on the quality of treatment, doctors, and hospitals

Cashless Hospitalization: The most important aspect of Mediclaim is that you don’t have to pay any advance money to be admitted to the hospital. Cashless is a hospitalization that ensures that you don’t have to shell a penny for any kind of medical expenses. All the expenses are borne by the insurance company.

Medical Expenses: Medical expenses are properly managed by the insurance company. 

PREMIUM CHART: 

TAX BENEFITS:

SECTION 80D DEDUCTIONS

• SELF AND FAMILY: RS. 25000/-
• SELF, FAMILY, AND PARENTS: RS. 55000/-
• SELF, FAMILY AND SENIOR CITIZEN PARENTS: RS. 60000/-
• SELF (SENIOR CITIZEN), FAMILY AND SENIOR CITIZEN PARENTS: 65000/-