Indian mediclaim Insurance with Pre – Existing Coverage

Medical emergencies can strike anyone at any time, and in such cases, the expenses associated with hospitalization and treatment can be daunting. To mitigate this financial burden, many individuals opt for medical insurance policies. One such policy is the Indian mediclaim insurance with pre-existing coverage.

What is Indian Mediclaim Insurance with Pre-Existing Coverage?

Indian mediclaim insurance with pre-existing coverage is a type of health insurance policy that offers coverage for pre-existing medical conditions. These conditions are usually excluded from regular health insurance policies, which means that individuals suffering from pre-existing conditions would not be eligible for coverage for the same under their policy. However, with Indian mediclaim insurance with pre-existing coverage, individuals suffering from pre-existing conditions can avail of insurance benefits for hospitalization and treatment of such conditions.

Coverage

The coverage under Indian mediclaim insurance with pre-existing coverage may vary from insurer to insurer. However, typically, the policy covers hospitalization expenses, including room rent, surgeon fees, anesthetist fees, and charges for diagnostic tests, among others. The policy also covers expenses incurred on ambulance services, pre-and post-hospitalization expenses, and day-care treatments.

Benefits of Indian Mediclaim Insurance with Pre-Existing Coverage

The benefits of Indian mediclaim insurance with pre-existing coverage are numerous, including:

1. Coverage for Pre-Existing Medical Conditions: The policy offers coverage for pre-existing medical conditions that are usually excluded from regular health insurance policies. This means that individuals suffering from such conditions can avail of insurance benefits for the same.
2. Financial Security: Medical emergencies can be financially taxing, and insurance coverage can provide much-needed financial security during such times. With the policy, individuals can be assured of coverage for hospitalization and treatment expenses, including those for pre-existing conditions.
3. Wide Coverage: Indian mediclaim insurance with pre-existing coverage offers a wide range of coverage, including hospitalization expenses, pre-and post-hospitalization expenses, and day-care treatments.
4. Tax Benefits: Premiums paid for medical insurance policies are eligible for tax benefits under Section 80D of the Income Tax Act, 1961. This means that individuals can avail of tax deductions for the premiums paid towards their Indian mediclaim insurance with pre-existing coverage policy.

Conclusion

Indian mediclaim insurance with pre-existing coverage offers individuals suffering from pre-existing medical conditions much-needed insurance coverage for hospitalization and treatment expenses. With the policy, individuals can be assured of financial security during medical emergencies, including those related to their pre-existing conditions. The policy’s wide coverage and tax benefits make it an attractive option for individuals seeking medical insurance coverage.