Mediclaim insurance is basically a health insurance plan that provides coverage to maximum medical expenses that includes hospitalization, domiciliary expenses of the insured in case of any health-related emergencies such as sudden illness, accident, in case of surgery and much more that is needed for living a healthy and peaceful life.
This insurance policy is available for any person between the age group of 18 to 65 years for treatment in India. Oriental insurance company allows you to renew all policies online with a few simple steps. You can renew your existing insurance policy and can also buy the new one through the portal within minutes. You can use your debit/ credit card or net banking for making payment. Just think about the same and you will get the best that you need.
The salient features of the coverage are:
(i) The policy time period is one year and is available to any proposer between the age of 18 to 65 years for medication in India. The proposer can also get his family covered .
(ii) Maximum age for any member is 65years but, this will be extended up to 70 years. In such case, a further premium of 10% (including all renewals) could be charged on applicable charges, consisting of non-compulsory personal accident cover.
(iii) Sum Insured (SI) can be from Rs.1lac to Rs.10lacs.
(iv) Pre- existing disease will get cover after 4 consecutive renewals.
(v) Life long renewals allowed.
(vi) No clinical examination for people up to the age of fifty-five years.
(vii) Hospitalisation fees incurred for donating an organ by way of the donor (except the price of the organ) to the insured man or woman, is included
(viii) Ambulance expenses covered
(ix) Personal accident cover available on the non-obligatory basis for a sum assured from Rs.2lacs to Rs.10lacs.
(x) A grace period of 30 days is permitted for the charge of renewal premiums.
(xi) Premium adjustment at renewal, throughout cover taken from Oriental.
(xii) Discount of 5.5 percent in premium if TPA offerings no longer opted for.
(xiii) Family cover will get huge discounts
This health cover is basically a hospitalisation cover and reimburses the medical expenses incurred from ailment /surgical treatment while the insured was admitted into the hospital as an inpatient. The cover additionally extends to pre-hospitalisation and post- hospitalisation for durations of 30 days and 60 days respectively.
It is just a unique health plan by the Oriental Insurance Company that can serve great benefits to you. This company offers a wide range of health products; you have to choose the right one that can go well with your needs. All you need to do is a little research about the chosen policy that can offer multiple benefits to you. The plans by the Oriental Insurance Company are affordable. By purchasing the same online you can save your time and money as well. Just give it a try. It is advisable to check reviews, features and benefits of the plan before making any commitment.