The medical treatment costs are rising very rapidly. As a result, a mediclaim policy isn't merely just a good idea; instead, it is becoming really important for protecting your money and availing quality healthcare. At Niva Bupa, we deeply understand this concern, thereby offering comprehensive and well-tailored mediclaim policies with an array of coverage benefits. 

In mediclaim policy, you pay a regular fee called a ‘premium’. In return, the insurance provider promises to cover your hospital expenses up to a certain limit. This limit is called the ‘sum insured’.  So, in times of medical treatment, you don’t have to pay hefty bills all by yourself; your insurance company steps in to help, leaving space for you to focus on your recovery.

There are two main ways you can use your mediclaim policy when you need hospital care:

1- Cashless: In cashless claims, you can avail medical treatment from the network hospital of your insurer, making the process streamlined. You just need to get a pre-authorisation, and the insurer will pay the bill directly to the hospital as per the coverage benefits.

2- Reimbursement: If you don’t get medical treatment at a network hospital of your insurer, you will have to pay the bills upfront and collect all the payment receipts. Afterwards, you can get compensation from your insurer by filling out the reimbursement claim. 

One of the key aspects of the mediclaim policy is the waiting period. When you first get a mediclaim policy, you usually can't claim for everything right away. For certain illnesses mentioned in your policy document, you may have to wait for 1 to 3 years to avail the coverage benefits. Furthermore, for pre-existing diseases, the waiting period is up to 36 months.

Mediclaim policies may seem complicated, but if you thoroughly understand them and buy a policy from an insurer with over 90% CSR and a wide range of network hospitals, you will attain real peace of mind during medical emergencies. For instance, our policies cover benefits and the availability of 10,000+ network hospitals along with a seamless claim process; you can substantially save your finances and get quality healthcare at any time.