Health Policy and Illness Policy: Are They Different?

Yes. In fact, they both are different insurance products aimed at different purposes. Mediclaim (Health Insurance) Policy Plan It is a comprehensive cover that includes hospitalisation expenses of the notified ailments. This cover can be either cashless (direct payment to the hospital where one is treated) or reimbursement (on submission of medical bills). This policy covers extensive ailments. The minimum waiting period is 30 days to get the medical benefits. The policy continues on renewal even after a claim has been made. Due to extensive cover on a number of ailments, premium for the same sum assured is much more than that for criticalillness cover.