One of the most commonly known Mediclaim policies for the students is Vidyarthi by National Insurance Company Limited. This policy has been designed specifically for the students and is the purpose of this mediclaim policy is to provide financial protection and health security to the students all across the country.

Mediclaim policy for students can be used by the students who are studying in any of the registered educational institutions in the country. This policy helps the students by providing them financial security incase of emergency situations dealing with the health of the students or the death or the disablement of the parents of the guardian of the students.

The educational institutes are also authorized to take a group mediclaim policy covering the names of all the students enrolled with the institute in order to enable the students to get the mediclaim cover for a lesser and a much affordable rate. The discounts offered to a group can vary depending on the number of people in the group and they mainly range from 10% to 30%.

The Mediclaim policy for students has various features which cover the accident of the student, accident, total disablement or the death or the guardian or the parent as well as the hospitalization expenses of the student.

The maximum cover that is offered to an individual is Rs 4 Lakh usually where as the minimum is 50,000 rupees. The student’s guardian will also be eligible to get his or her income tax deduction. Once the student turns 25, he or she will be out side the purview of the policy. He or she will be able to take all the benefits of the policy if there is no break in the continuity.

There are a large number of mediclaim policies that are available for the senior citizens or the ones who have crossed 60! The senior citizens, who are older than 60, can, opt for the health insurance from a large number of companies which offer mediclaim policies. These policies have been designed specifically for the senior citizens in a way that they cater to their special needs and are totally useful to them.

These health insurances have various features which make it easy to provide cover to citizens above the age of 60 in the case of any medical expenses or hospitalization that may happen during the period of a particular medical treatment. Surgeries and operations can also be covered under the mediclaim policy for the senior citizens. These policies also help the senior citizens to pay for their health checkups, or during emergency medical situations or long term treatments.

A lot of senior citizens also consider this mediclaim policy as a blessing in disguise since it provides them with financial stability during the testing times and also enables them to save some money.

There are a large number of big and small companies which offer mediclaim policies for the senior citizens above the age of 60. A few of the major companies which offer mediclaim policies for the senior citizens above the age of 60 have been listed below. They are:

• United India Insurance Company
• Varistha Mediclaim policy
• New India Assurance Company
• National Insurance Company
• Oriental Insurance Company

Details about many other good companies can be found online on various websites.

Most of the work places and the organizations which are present today offer a large number of health and medical benefits to its employees in the form of group mediclaim covers. Other than the work places, the policy of group mediclaim can also be provided to various corporate institutions, offices and other associations or any homogeneous groups which have a central administration and where the size of the group is more than 100. As the size of the group increases and goes beyond 100, the discount offered to the group increases as well.

These group mediclaims are usually beneficial to all the individuals since the people who are insured get a group discount because of which the premium for per person is reasonably low. These mediclaim are usually offered by various insurance companies and organizations. The maximum cover that is offered to an individual is Rs 5 Lakh usually where as the minimum is 15,000 rupees. The cost to company would also be far lesser when compared to the cost to an individual since the rates for group mediclaim are 25percent cheaper than the usual rates.

The group mediclaims are a more lenient when compared to the normal individual policies and offer various features such as extension of the policy to cover maternity health benefits.

Although a lot of people believe that the group mediclaim is not enough for an individual’s health insurance needs which result into a lot of people opting for an individual mediclaim policy over the group mediclaim one. So a wiser option would be to have both the individual as well as the group mediclaim cover and use them depending on the situation which exists.

For the uninitiated Mediclaim insurance is just like any other form of insurance scheme. In the case of Mediclaim insurance the insurance company provides medical cover to the person who has the insurance policy in his or his name. People can also opt for a group policy in the case of having their entire family insured with the medical insurance company in order to provide medical cover to all members of the company. Medical insurance will thus be able to take care of any sudden illness that you or your family member may encounter. Or if you get hospitalized due to some illness or injury, then Mediclaim insurance will again be of help to you. You could also have to undergo any surgery or an operation in the case of a grave illness and here too Mediclaim insurance will provide medical cover to you.

Any person who is below the age of 75 years can apply for a Mediclaim insurance policy. Even young children can get medical cover through a medical policy which is in the name of the parents and is a family medical insurance policy. For the medical cover that you get, there has to be a premium which has to be paid to the medical insurance company. The Mediclaim policy premium which is paid by the person to the medical company depends on factors such as the age of the applicant, the cover that he is opting for and whether he is going for a cashless policy or whether he is going for a group Mediclaim cover.

Insuring one’s health has gained a lot of importance and has almost become a necessity now-a-days. It is never known as to when someone may fall sick or majorly ill and with the hospital and medication charges increasing day by day falling sick is totally unaffordable by many. In order to avoid any mishaps a large number of families make use of the saved cash in order to get a health insurance done.

The main purpose of a health insurance is to be the support system of the family and to take care of the family’s financial burden during such situations. A health insurance ensures that you are provided with timely and adequate medical care. Even in the cases, where the accident results into a life long disability of the earning member of the family the insurance company comes to their rescue.

The Mediclaim policy enables you to get the reimbursement of the hospitalization expenses which come during the policy period. The health insurance Mediclaim is available to each and every person who is between the age group of 5 to about 80 years. If either 1 or both the parents of the child are covered then a child between the age of 3 months to 5 years is also covered.

The health insurance Mediclaim policy is eligible for claim only for unani, ayurvedic and allopathy systems of medicine and not for any other alternative systems. The policy is available only if the treatment is availed in India and nowhere else. While taking the Mediclaim policy analyze your needs, think if you need a family package, wide coverage, long coverage, think about the benefits you might get, get information about all the different benefits that can be claimed for etc.

The various health Insurers are National Insurance Corporation, Oriental Insurance Corporation, United India Insurance Corporation, National India Assurance Corporation,Bajaj Allianz, Royal Sundaram, ICICI Lombard etc.

Mediclaim policies are available for senior citizens are well. Senior citizens above the age of 60 can opt for Mediclaim policies or health insurance from several companies that provide medical cover through health insurance or a Mediclaim policy. There are specific schemes which are devoted to senior citizens and cater to their special needs. These Mediclaim policies provide cover to senior citizens in the cases of hospitalization or any other medical expenses that are incurred due to any medical treatment which takes place.

Thus in the case of any surgical procedure or any operation if it has to be done on the patient, then under the health insurance policy such medical expenses will also be covered. The Mediclaim policy thus provides numerous benefits to the senior citizens. Insurance is considered a form of savings as well for senior citizens. This money provides financial stability when in need and also helps during circumstances which can not be avoided. Medical insurance enables senior citizens to pay for health checkups, emergency medical costs and long-term treatment. There are several companies which these days are offering Mediclaim covers for senior citizens. Some of the major companies that offer such Mediclaim policies are listed below,

• National Insurance Company
• Oriental Insurance Company
• New India Assurance Company
• United India Insurance Company
• Varistha Mediclaim policy

There are other good companies as well which are offering Mediclaim policies to senior citizens and can be found online.

The concept of cashless Mediclaim has come from the western countries and is now gaining popularity in India. Cashless Mediclaim policies is now the talked about sector in the medical insurance industry in India with some top players in the insurance sector opting to provide the cashless Mediclaim policies. With the use of a cashless policy you do not have to undergo the hassles of paying in cash when you are getting the medical expenses taken care for.

Generally in the case of insurance policies you have to pay at the time of getting the treatment done and then are supposed to apply for reimbursement from the medical insurance company. But in the care of cashless Mediclaim policies you are not supposed to pay while getting the medical treatment done. Thus the holder of the cashless Mediclaim policy will be eligible to get treatment from the network of hospitals and will not have to pay for the treatment. The payments are generally done by third party administrators or people who are commonly referred to as TPA’s.

These third party administrators either pay for the medical treatment themselves on the spot and later ask for reimbursement from the insurance company. Or the third party administrators get in touch with the insurance company straight away and get the payment directly from the insurance company whose Mediclaim policy holder is undergoing medical treatment. Policy holders prefer the cashless Mediclaim policies some times as they do not have to make the payment and then wait for the reimbursement from the insurance company.

Now a days there are family Mediclaim policies which are available that an entire family can take in their name. Thus the entire family will be covered under the same policy and will be insured under a single sum. Generally the term family implies one self, one’s spouse and dependent children. Dependent children are generally the ones who are dependent on their parents income.

Dependent children age may differ from policy to policy as different companies may have different age criteria for dependent children. But generally the dependent children will be till the age of 21 or 25. It is better to clarify this point before you get the Mediclaim policy issues for yourself and for your family. Generally in the case of family insurance the parents are not covered. The family Mediclaim policy is just like any other Mediclaim policy and hence you need to be go through the family Mediclaim policy in detail in order to thoroughly understand what all is covered under the family insurance plan.

The family Mediclaim policies may differ from company to company. But most of them will cover any medical expenses that are incurred due to the patient being hospitalized or injured. The family Mediclaim policy premiums also may not be the same for all companies. It is important to note that you should go through every clause of the family Mediclaim policy before you sign it and get your entire family covered under it. The family Mediclaim policy will thus bear any medical cost that may be incurred due to the treatment of a member of your family who is covered under the policy.