Mediclaim is a type of health insurance. This insurance policy covers you and your family members against sudden medical contingencies. The policy lists a package of medical benefits such as medical tests, drugs and treatment services. The insurance company charges you a premium to cover you and your family members against the risks.
Mediclaim provides for reimbursement of expenses incurred for hospitalization for certain injuries, illnesses or diseases. It covers the expenses incurred during hospitalization as well as pre and post-hospitalization expenses. The facility of cashless settlement lets the individual get admission in any hospital without any initial payment.