JobPrime
No Result
View All Result
Tuesday, May 13, 2025
  • Login
  • Contact Us
  • Home
  • Entertainment
    • Biography
  • Tnesevai
    • Patta Chitta
    • School Textbooks
    • Guideline Value
    • EC Online
    • Tnpds
  • Sports
    • IPL
  • Technology
  • Health Tips
Contact Us
JobPrime
  • Contact Us
  • Home
  • Entertainment
    • Biography
  • Tnesevai
    • Patta Chitta
    • School Textbooks
    • Guideline Value
    • EC Online
    • Tnpds
  • Sports
    • IPL
  • Technology
  • Health Tips
No Result
View All Result
JobPrime
No Result
View All Result

What Is The Big Difference Between A Health Insurance And A Mediclaim Policy | Chola MS

by Swati
January 3, 2023
in Business
0
insurance-concept-illustration
243
SHARES
3k
VIEWS
Share on FacebookShare on Twitter

Health insurance and mediclaim are two types of insurance policies that are commonly confused. While both types of insurance provide coverage for medical expenses, there are some key differences that are important to understand.

First, let’s define each term:

A health insurance policy is a broad-based insurance policy that covers a wide range of medical expenses, including hospitalisation, surgeries, doctor’s visits, and prescription medication. It also typically includes coverage for preventive care, such as annual check-ups and vaccinations.

A mediclaim policy is a more specific type of insurance policy that provides coverage only for hospitalisation and related medical expenses. It does not typically cover other medical expenses, such as doctor’s visits and prescription medication.

Now, let’s look at some of the key differences between health insurance and a mediclaim policy:

1. Coverage

One of the main differences between health insurance and a mediclaim policy is the scope of coverage. Health insurance policies typically offer a broader range of coverage, including pre and post-hospitalisation expenses, preventative care, outpatient services, and chronic care management, while mediclaim policies are more limited in scope and are typically more focused on hospitalisation and related expenses. Thus, with a health insurance policy, you will have more protection against medical expenses than if you have a mediclaim policy.

2. Sum Insured

A sum insured clause means that the sum insured amount is agreed upon by both parties before starting the policy. This amount may be higher or lower depending on your needs.
While the sum insured cannot exceed Rs. 5 lakhs for a mediclaim policy, it can be much higher for a health insurance policy.

insurance-concept-illustration

3. Add-ons

Health insurance providers have many add-ons such as dental care, vision care, maternity benefits, daycare procedures, etc., but mediclaim does not offer any add-ons to its policyholders.

4. Flexibility

A flexible clause allows you to change your policy coverage after a certain period of time if you feel it is not sufficient for your needs. While a mediclaim policy allows no flexibility, a health insurance policy has the option to modify the coverage and premium after a specified period of time.

5. Claims

Another key difference is the way that claims are handled. Health insurance policies often have a network of providers that the insured can use to receive medical services. For critical illnesses or disabilities arising due to accidents, the claim can be filed once with the sum insured paid as a lump sum. With a mediclaim policy, the insured is typically responsible for paying the medical expenses upfront and then seeking reimbursement from the insurer. The claims can be made multiple times till the assured amount gets exhausted.

In summary, while both health insurance and mediclaim policies provide financial protection against medical expenses, health insurance policies offer a wider range of coverage and more flexibility, while mediclaim policies are more focused on hospitalisation and may have lower premiums. There are a number of plans available now for you to choose from. It is important to understand your requirements and pick a policy best suited for you. Click here to have a look at the various policies offered by Chola MS to protect your health.

Table of Contents

  • First, let’s define each term:
    • 1. Coverage
    • 2. Sum Insured
    • 3. Add-ons
    • 4. Flexibility
    • 5. Claims
Previous Post

Planning a Europe Trip from India? Never Miss Out on These Amazing 10 Places

Next Post

Asian casino paradises: Where can you gamble in style?

Next Post
Yellow Watermelon

What is Yellow Watermelon?| Top 6 Benefits of Yellow Watermelon

No Result
View All Result
  • this expert pressure washing serviceSweet and Spotless: How Pressure Washing Transforms Your Home into a Candy-Colored Masterpiece
    In general
    April 10, 2025
    Imagine your home as a giant piece of art—a vibrant, […]
  • The Evolution and Impact of ID Document Scanners
    In Technology
    October 9, 2024
    In a world where digital transformation continues to […]
  •  All You Need to Know About Tyre Protection Coverage in Car Insurance
    In Insurance
    August 1, 2024
    Indian roads can be tough on your car, especially the […]
  • Tax complications prevent India from catching up with China in investment
    In Entertainment
    July 28, 2024
    CEO Insights reports that India is looking to catch up […]
  • Navigating the Volatile Stock Market: Building Resilience
    In Business
    July 13, 2024
    The stocks market is volatile, meaning there is no […]
  • Transform Your Ride with Premier Window Tinting Services in Orlando
    In Automotive
    July 12, 2024
    Introduction Window tinting is more than just a […]
  • Stackable BandsHow to Use Stackable Bands to Add Style
    In Business
    May 23, 2024
    Introduction To begin, adding stacked bands to your […]
  • Health InsuranceUnderstanding the Difference Between Long-Term and Short-Term Health Insurance Coverage
    In Insurance
    April 20, 2024
    When doing health insurance planning, you often have […]
  • Affordable AC SolutionsCool Down Your Home Without Breaking the Bank: Affordable AC Solutions
    In Tips
    April 18, 2024
    Who doesn’t love a nice, cool escape from the […]
  • What are the Different Types of Loans That Offers Tax Benefits in India?
    In Business
    March 27, 2024
    Understanding the tax benefits of different types of […]
  • Investing in 2024Investing in 2024: A Comprehensive Guide
    In Business
    March 1, 2024
    As we step into 2024, the world of investing continues […]
  • Boosthive Eu: The Ultimate Website For All Your MMORPG Games!
    In Entertainment
    December 29, 2023
    Do you know that different MMORPG games require a […]

Footer Menu

  • Sitemap
  • Privacy Policy
  • About Us

Copyright © 2025 All Rights Reserved | Powered by Jobprime
geniusupdates1@gmail.com

No Result
View All Result
  • Contact Us
  • Home
  • Entertainment
    • Biography
  • Tnesevai
    • Patta Chitta
    • School Textbooks
    • Guideline Value
    • EC Online
    • Tnpds
  • Sports
    • IPL
  • Technology
  • Health Tips

Copyright © 2025 All Rights Reserved | Powered by Jobprime
geniusupdates1@gmail.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In