Best Health Insurance Company in India

What is Difference Between Mediclaim and Health Insurance?

7 December, 2023

7 Shares

642 Reads

mediclaim vs health insurance

Share

You take numerous actions to improve your health, including eating right, working out frequently, getting adequate sleep, and lowering your stress levels. You also likely already know that even with a healthy lifestyle, costs for medical care, medication, and recovery from severe or minor illnesses can be relatively high.

 

The necessity for sufficient insurance, including life and health insurance for family, has been amplified by the COVID-19 pandemic. Additionally, post-COVID problems can result in serious illnesses that demand prolonged hospitalisation and rehabilitation, adding to the cost.

 

What is Health Insurance?

A health insurance plan offers coverage for both medical and surgical sickness treatment. When you receive medical treatment for a condition covered by your health insurance best plan, the insurer will take care of paying your expenditures as long as the following criteria are met:

 

  • The policy includes sickness coverage.
  • The treatments for which the claim has been lodged are covered by insurance.
  • The insurance company is associated with the hospital and the treatment centre.
  • The claim is correctly filled out and includes all required documentation.

 

The availability of health insurance is offered annually, and it must be renewed annually. A health insurance plan can now be purchased online as well.

 

What is Mediclaim?

Specific financial protection against medical expenses is offered by a type of insurance policy called "mediclaim insurance." It is a practical way to lessen any medical emergency. However, only hospitalisation is covered by the Mediclaim insurance policy; all other medical expenses must be paid for by the insured. A mediclaim policy covers any planned operation during the policy period as well as hospitalisation costs incurred as a result of an accident, an emergency surgery, or both. Therefore, it only pays for hospitalisation expenses. Policies covering medical expenses also provide cashless or reimbursement ways to resolve claims.

 

Mediclaim Vs Health insurance

Basic differences between health insurance and mediclaim are listed below:

 

Coverage:

Only hospitalisation, accident-related medical care, and pre-existing conditions are covered by mediclaim plans, up to a certain cap. While a  health insurance plan provides all-inclusive medical protection against hospitalisation costs, ambulance costs, pre-hospitalization costs, post-hospitalization costs, etc. Additionally, it offers compensation if an accident results in a loss of income.

 

Flexibility:

Mediclaim provides no flexibility in terms of coverage. A family health insurance policy allows you to increase or decrease coverage. After a pre-determined amount of time, policyholders can lower their health insurance premium cost by extending the length of their policy. For instance, premium discounts are available with long-term plans.

 

Claims:

A policyholder may submit numerous claims under a Mediclaim insurance policy up until the total amount of insurance is used. In the case of health insurance, an insured may submit claims as long as the amount insured has not been used up. However, the promised value is paid in a lump sum when claims for accidental disability/Critical Illness Insurance coverage are made.  Throughout the policy, only one of these claims may be made.

 

Hospitalisation:

The insured must be admitted to the hospital to receive benefits under the mediclaim policy. It is not essential for the insured to be hospitalised to receive benefits from their health insurance. Benefits, including daycare procedure coverage, can be obtained without hospital admission.

 

Things to Keep in Mind Before Buying a Mediclaim or Health Insurance

Your choice will be influenced by several elements, including:

 

  • Your economic situation
  • Health difficulties you and your family members have
  • Whether your health plan needs to be flexible
  • Whether you require supplemental insurance and benefits
  • Ability to afford a high or cheap premium
  • Considering the age, stage of life and physiological condition of the policyholder

 

If you know which option will be better for you and your loved ones while keeping all the reasons mentioned above in mind, picking one out of the two is not difficult.

 

Even though both mediclaim insurance policy and family health insurance policy are eligible for tax benefits, insurance pros suggest picking a health insurance plan. This is so because health insurance plans provide extensive insurance protection. However, look for the best health insurance company in india with the most excellent services before selecting the best health insurance plan. A single plan cannot satisfy everyone's medical needs because everyone has different insurance demands. Similar to how one insurance company may meet the needs of one client while not meeting those of another. The numerous health insurance plans offered by platforms like Niva Bupa can be a better option regarding their coverage, services, benefits, and premium.

 

Best & Top HospitalsBest Hospitals in Chennai | Top Hospitals in Delhi | Best Hospitals in Gurgaon | Best Hospitals in India | Top 10 Hospitals in India | Best Hospitals in Hyderabad | Top 10 Cancer Hospitals in India | Best Hospitals in Kolkata | Top 10 Cancer Hospitals in Delhi

 

Cancer HospitalsBest cancer hospitals in Bangalore | Best cancer hospitals in Hyderabad | Best cancer hospitals in Mumbai | Top 10 cancer hospital in Delhi

 

Multi Speciality HospitalsMulti Speciality Hospitals in Mumbai | Multi Speciality Hospitals in Chennai | Multi Speciality Hospitals in Hyderabad | Super Speciality Hospitals in Delhi

 

Lever HospitalsBest Lever Hospitals in Delhi | Best Lever Hospitals in India

 

Kidney HospitalsBest Kidney Hospitals in India

 

Heart HospitalsBest Heart hospitals in Bangalore | Best Heart hospitals in India | Best Heart hospitals in Kolkata | Best Heart hospitals in Delhi

Start Your Insurance Today!

Secure your Health with comprehensive insurance plans from Niva Bupa

+91
Disclaimer infoBy clicking Start Now, you authorize Niva Bupa to Call/SMS/Whatsapp on your registered mobile overriding DNCR.

You may also like

Popular SearchesHealth InsuranceMedical Insurance Best Health Insurance PlansHealth Insurance PlansHealth Insurance PolicyBest Health Insurance PlansBest Family Health InsuranceBest Mediclaim PolicyBest Health Insurance In IndiaBest Medical Insurance In IndiaBest Health Insurance Plans In IndiaBest Health Insurance Policy In IndiaMediclaimBest Health Insurance For Senior Citizens In IndiaBest Health InsuranceHealth Insurance With Opd CoverMediclaim InsuranceMedical Insurance PlansBest Health Insurance Company in IndiaCritical Illness InsurancePersonal Accident InsuranceMediclaim PolicyIndividual Health InsurancePregnancy InsuranceMaternity Insurance | | Best Family Health Insurance plans in IndiaBest Health Insurance companyFamily Health InsuranceBest Health Insurance plans for Senior CitizensMediclaim Policy for Family

 

Health Insurance SchemesChief Ministers Comprehensive Health Insurance SchemeEmployee State Insurance SchemeSwasthya Sathi SchemePradhan Mantri Matru Vandana YojnaGovernment Health Insurance SchemeDr. YSR Aarogyasri SchemePradhan Mantri Suraksha Bima YojnaHealth Insurance DeductibleWest Bengal Health SchemeThird Party AdministratorRashtriya Swasthya Bima YojanaIn Patient Vs Out Patient HospitalizationMukhyamantri Chiranjeevi YojnaArogya Sanjeevani Health InsuranceCopay Health InsuranceCashless Health Insurance SchemeMukhyamantri Amrutum Yojna

 

Travel Insurance PlansTravel InsuranceInternational Travel InsuranceStudent Travel InsuranceTravel Insurance USATravel Insurance CanadaTravel Insurance ThailandTravel Insurance UKTravel Insurance GermanyTravel Insurance BaliTravel Insurance VietnamTravel Insurance DubaiTravel Insurance SingaporeSchengen Travel Insurance

 

Top Hospitals -  Best Hospitals in ChennaiTop Hospitals in DelhiBest Hospitals in GurgaonBest Hospitals in IndiaTop 10 Hospitals in IndiaBest Hospitals in HyderabadBest Hospitals in KolkataBest cancer hospitals in BangaloreBest cancer hospitals in HyderabadBest cancer hospitals in MumbaiBest cancer hospitals in IndiaTop 10 cancer hospitals in IndiaTop 10 cancer hospital in DelhiMulti Speciality Hospitals in MumbaiMulti Speciality Hospitals in ChennaiMulti Speciality Hospitals in HyderabadSuper Speciality Hospitals in DelhiBest Liver Hospitals in DelhiBest Liver Hospitals in IndiaBest Kidney Hospitals in IndiaBest Heart hospitals in BangaloreBest Heart hospitals in IndiaBest Heart hospitals in KolkataBest Heart hospitals in Delhi


OthersTop Up Health Insurance PolicyCorporate Health InsuranceHealth CardSection 80d of Income Tax ActAyushman BharatHealth Insurance PortabilityGoActive Family Floater PlanHealth Companion Family Floater PlanHealth Premia Family Floater PlanHealth Pulse Family Floater PlanHealth Recharge Family Floater PlanHeartbeat Family Floater PlanMoney Saver Family Floater PlanSaral Suraksha Bima Family Floater PlanSenior Citizen Family Floater PlanSuper Saver Family Floater PlanCorona Kavach Family Floater PlanHospital Cash InsuranceCashless Health InsuranceHealth Companion Price revision | Heartbeat Price revision | ReAssure Price revision 

 

COVID - OmicronCoronavirus Health InsuranceCovid XE VariantNorovirus

footer logo
Some image

www.nivabupa.com

Some image

+91 11 41743397

Some image

1860-500-8888

Some image

14th Floor, Capital Cyberscape, Sector 59, Gurgaon

  • Insurance is a subject matter of solicitation. Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) (IRDAI Registration Number 145, Category:Health), 'Bupa' and 'HEARTBEAT' logo are registered trademarks of their respective owners and are being used by Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) under license. CIN: U66000DL2008PLC182918
  • 1 Niva Bupa processes pre-authorisation requests within 30 minutes for all active policies, subject to receiving all documents and information(s) up to Niva Bupa’s satisfaction. The above commitment does not include pre-authorisation settlement at the time of discharge or system outage.
  • 2 Since Inception refers to claim data from 2010 till December 2023.
  • 3 ReAssure 2.0 Premium: The premium is including taxes and for Bronze Variant, for a 25-year-old individual living in Delhi.
  • 4 Aspire Premium: The premium is including taxes and for Gold+ Variant, for a 25-year-old individual living in Delhi.
  • 5 Senior First Premium: The premium is including taxes and for Gold Variant, for a 65-year-old individual living in Delhi.
  • 6 Health Premia Premium: The premium is including taxes and for Silver Variant, for a 25-year-old individual living in Delhi.
  • 7 SmartHealth + Disease Management Premium: The premium is including taxes and for Disease Management Gold Variant rider when bought with ReAssure 2.0 Bronze variant with Base Sum Insured of 5 lacs, for a 25-year-old individual living in Delhi.
  • Beware of spurious / fraud phone calls! Do not share your confidential information like Debit / credit card number, Internet Banking User ID/Password, Pin, CVV, OTP, etc. with anyone. Avoid clicking on attachments / payment link received in mails / message from unknown sources. IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment or premium. Public receiving such phone calls are requested to lodge a police complaint. Do not respond to unsolicited and attractive offers received through unidentified calls, emails, SMSs, and other social media platforms. Beware of misleading telephone calls from people posing as Niva Bupa officials, agents, IRDAI Officials, Officials from ECI (Office of the Executive Council of Insurers) etc. and offering alluring benefits or sharing false information on your policy or on Niva Bupa. Niva Bupa shall not be responsible for any loss or damages whatsoever for any acts or omissions arising out of such spurious calls, and all customers are advised to contact our customer care at 1860-500-8888 and verify any representations or promises made by any such spurious callers before acting upon the same.
Social IconSocial IconSocial IconSocial IconSocial Icon