Health insurance and Mediclaim are two popular options for people in India to protect themselves against the financial burden of medical costs. While both are similar in the sense that they both cover medical expenses, there are significant differences between mediclaim and health insurance that need to be understood.
Differences Between Mediclaim And Health Insurance
Health Insurance
Health insurance is an insurance policy that covers the cost of medical treatments and hospitalization for the insured person. Health insurance generally includes medical expenses, hospitalization expenses, ambulance costs, medical tests, etc. Health insurance policies generally provide a fixed amount of coverage for a certain period of time. They also provide coverage for pre-existing medical conditions and for any illnesses that may occur during the period of coverage.
Mediclaim
Mediclaim is a form of health insurance that covers only the cost of medical treatments or hospitalization for the insured person. It does not cover pre-existing medical conditions or any illnesses that may occur during the period of coverage. Mediclaim also does not provide coverage for medical tests or ambulance costs.
Key Differences
The primary difference between mediclaim and health insurance is the coverage they provide. While health insurance covers medical expenses, hospitalization expenses, ambulance costs, and medical tests, Mediclaim only covers the cost of medical treatments or hospitalization for the insured person.
Health insurance also provides coverage for pre-existing medical conditions and for any illnesses that may occur during the period of coverage. Mediclaim does not provide such coverage.
Health insurance policies also often include additional benefits such as critical illness coverage, maternity coverage, and coverage for dental care. Mediclaim does not provide such benefits.
Health insurance and Mediclaim are two popular options for people in India to protect themselves from medical costs. Health insurance provides coverage for medical expenses, hospitalization expenses, ambulance costs, medical tests, pre-existing medical conditions, and any illnesses that may occur during the period of coverage. Mediclaim, on the other hand, only covers the cost of medical treatments or hospitalization for the insured person and does not provide coverage for medical tests or ambulance costs.
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