Mediclaim
A mediclaim policy is a health insurance policy that covers the cost of in-patient hospitalisation and related expenses when you are admitted into the hospital. It is a prototype (an archaic version) of the current lot of health insurance plans that are sold now. Though the terms ‘Mediclaim’ and ‘Health Insurance’ can be used interchangeably.
Back in the day, mediclaim policies sold by health insurers offered limited benefits covering purely in-patient hospitalisation expenses. While they did the job of protecting insured lives against medical emergencies, the features were limited.
Health insurance policies have evolved greatly in the last few years along with the benefits and features offered by them. Apart from covering in-patient medical costs, a new-age comprehensive health insurance policy provides extensive coverage and benefits, including bonus, restoration benefits, cost of consumables, OPD and wellness benefits and many more.
This makes a health insurance policy more comprehensive as it covers a wide range of benefits. Hence, health insurance policies are usually more expensive than simple mediclaim policies.
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A
- Accident
- Acute Care
- Acute Condition
- Age Limit
- Agent
- Ambulance Cover
- Annual Health Checkup
- Annual Renewal Date / Renewal Date
- Any One Illness
- AYUSH Treatment
B
C
- Cancer Insurance
- Cashless Facility
- Chronic Condition
- Claim
- Claim Assessment
- Claim Rejection / Claim Repudiation
- Claim Settlement
- Claim Settlement Ratio
- Comorbidity
- Congenital Anomaly
- Consumables
- Continuity Benefit / No-Lapse Benefit
- Contract
- Convalescence Benefit
- Copayment
- Critical Illness
- Cumulative Bonus / No-Claim Bonus (NCB)
D
- Daily Hospital Cash / Daily Cash
- Day Care Treatment
- Deductible
- Discharge Summary
- Domiciliary Hospitalisation
- Durable Medical Equipment
E
F
G
H
I
- Illness
- Indemnity
- Injury
- Inpatient Care / Inpatient Hospitalisation
- Insurance Ombudsman
- Insured Person
- Insurer
- Intensive Care Unit (ICU)
- IRDAI
L
M
N
O
P
- Personal Accident Cover
- Planned Hospitalisation
- Policy Document
- Policy Schedule
- Policyholder
- Portability
- Post-Hospitalisation Expenses
- Pre-Authorisation (of Cashless Claims)
- Pre-Existing Disease (PED) / Pre-Existing Condition
- Pre-Hospitalisation Expenses
- Pre-Policy Medical Check-Up
- Premium
- Proportionate Deduction
R
- Reasonable and Customary Charges
- Reimbursement
- Renewal
- Renewal Premium
- Restoration Benefit / Automatic Restoration
- Rider / Add-on Cover
- Room Rent Limit
S
- Shared Accommodation
- Sub-Limit
- Sum Insured
- Super Top-Up Health Insurance Plan
- Surgery or Surgical Procedure
- Survival Period
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