MEDICAL INSURANCE
Mediclaim Medical Insurance also known as health insurance is a protection to individuals and their families against unforeseen expenses. In the process there are two parties namely the insurer and the insured. The party that undertakes to pay a benefit if a pre-specified loss occurs is called the insurer. The organization or agency acting as the insurer may be private or government owned. On the other hand the policy holder whose interests are protected by an insurance policy is called the insured. The insurer reimburses the medical costs of the insured in case of unforeseen but specified medical expenditures arising from illness, injury or accidents. All this comes for a cost known as insurance premium which is to be paid to the insurer at certain intervals.
There is the flip side to medical insurance too. Medical insurance cost has risen manifold in last few years and the services provided are imitation of one another thus making choice difficult.
  • Individual Medical Insurance
  • Group Medical Insurance
  • Special Plans
There is the flip side to medical insurance too. Medical insurance cost has risen manifold in last few years and the services provided are imitation of one another thus making choice difficult.
These medical insurance plans usually available through an employer or society or union are written on a number of people under a single master policy.
This plans are specially structured to suit the needs of elderly persons, veterans of military service and Anglo Americans.
Health insurance may differ from person to person still the primary aim of health insurance is securing medical protection for self and family members. You can use the following tips to select a health insurance that suits you most.
  • Health insurance provides you the financial assistance during sickness, means when y ou need the money most.
  • Health insurance provides you protection for unforeseen medical expenses.
  • It provides you comparatively high quality medical services, which otherwise you would not have been able to afford, of a coordinated health plan.
  • Health insurance is most advisable to those who have number of dependents because you pay comparatively lesser premium which is surely worth paying when considered the expenses you would have to pay to your physician.
  • Another benefit you get is that you acquire the treatment at comparatively lower cost as health insurance agencies pay lower prices to health providers. If you were to obtain the same treatment at your own you might have to pay more amounts to doctors.