Mediclaim Policy is an Insurance coverage to claim reimbursement of medical treatment bills generated due to Health related hospitalization.
There are two different ways to get your bills claimed either by cashless facility i.e your bills are directly paid to the hospital or you can pay your bills in the hospital and get an reimbursement after submission of the same to the insurance company. Mediclaim policy is a essential for the peoples because it saves financial loss in case of hospitalization for any sickness, disease or accident. But it costs much higher than other insurance and is rising in proportion with the rising cost of treatment available in private hospitals.
We all are aware about the state of medical facilities available in government operated hospitals and the increased treatment cost in private medical facilities. Medical treatment expenses are very high and they are increasing everyday. Mediclaim comes to the rescue of a policy holder as a protection to absorb the cost of treatment when the disease is identified and needs to be treated in hospitals after admitting the person.