One of the most common mistakes a person believes is mediclaim and health insurance policies are alike. It’s high time to address the issue, but before that let’s understand what health insurance and mediclaim are.

Mediclaim policy is a type of health cover that offers coverage for expenses, incurred by a person during a medical emergency, including domiciliary care and hospitalization expenses due to illness, surgery or accident. The policy may offer two kinds of claim facility namely.

On the other hand, health insurance policy is a comprehensive health cover for emergency medical and surgical expenses beyond basic hospitalization. The expenses can include Ambulance costs, Pre and Post-hospitalisation expenses, Daycare treatments, OPD expenses, Critical illneses, and much more. Such policies too offer cashless claim facility and reimbursement of expenses when the insured pays for medical bills from his/her pocket.

To summarise, a Mediclaim policy limits itself to just the hospital or nursing home dues whereas General Health insurance is an all-inclusive insurance policy that can cover much more.