Family Mediclaim
policy, also called as family health insurance is something that has become a
requirement these days. The unrelenting rise in medical expenses has made it
imperative to buy such policy. You have to go through some medical treatment or
need to be hospitalized for a specific purpose; then a Mediclaim policy will be
a relief to you in covering your family health care expenses.
The benefits of having
a mediclaim policy for family can be quite surprising. Some of these benefits
are:
Cover for
Hospitalisation
In the view of rising
hospitalization costs, mediclaim policy for family covers hospitalization
expenses for the surgery of illness/injury on the word of the terms and
conditions of the policy. One tends to realize the importance of a mediclaim
policy only in time of distress and not during happy times.
Cashless Settlements
Several insurance
companies also offer cashless settlements, meaning settlements which do not
require deposition of cash at the time of hospitalisation but the insurance
company directly pays the hospital.
Pre-hospitalization
Expenses Coverage
Cover
pre-hospitalization expenses for some days before hospitalisation and post hospitalisation
expenses for the specified days as per policy terms.
Income Tax Deduction
One can claim Income
Tax deduction under the Section 80D for the premium paid. This helps in
reduction of the taxes paid concerning the premium paid for the mediclaim.
Mediclaim policy for
family by Religare Health Insurance is an insurance plan under which the
insured gets a health cover of a certain amount for the whole family. In case
of any medical emergency, the same individual will get medical care from the
amount that the insured person was insured for. It can be taken for an
individual or an entire family. Some insurance companies allow a discount on
the premium if the policy is taken for a family.
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