4 differences between health insurance and mediclaim policy

 As the global population keeps increasing every year, consequently, the number of people hospitalised due to illnesses and accident also increases. Hence, it is prudent for every family to have health insurance. With different insurance companies offering different health insurance policies, the choices for you as a potential policyholder are aplenty. However, when you opt to buy health insurance online, one other alternative that you would come across would be the mediclaim policy for family. How is it different from health insurance? Given below are 4 such differences to help you explain better:


1. Mediclaim covers only specific expenses

There are many expenses involved when it comes to hospitalisation be it minor or major medical procedure. These medical expenses are for the treatment, room rent, nurse charges, ambulance, etc. If you plan on buying a mediclaim policy for family, you should know that it covers the expenses of only the treatment. For example, if you or your family gets injured in a bike accident, the mediclaim policy would cover only the cost of treatment. Other expenses will have to be covered by you. This is a major drawback of the mediclaim policy.

2. Health insurance offers add-ons

As a policyholder, it is natural to expect to get extra benefits apart from the coverage you will get under the policy. Usually, these extra benefits come in the form of add-ons. When you buy health insurance online, you will notice add-ons such as critical illness cover, maternity cover, room rent cover, accidental insurance and so on. These add-ons can be added to your policy for extra benefits. However, these add-ons are not available for mediclaim policy for family.

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