Health Pol­icy and Ill­ness Pol­icy: Are They Dif­fer­ent?

Consumer Voice - - Insurance For Critical Illnesses -

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.

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