What is Mediclaim?
Mediclaim is a health insurance to cover hospitalization expenses of an individual. A health insurance policy is a contract between an insurance company and an individual / group in which the insurance company agrees to provide health insurance cover at a premium pre fixed by the insurance company on the basis of the age and medical conditions of the client. The policy is for a period of one year and can be renewed every year after paying the premium. The Insurance company offers cashless as well reimbursement facilities through a Third Party Administrator. A health insurance policy can be taken by an individual for himself and his family. A corporate can also take a group policy for its employees and their family.
