Nowadays, people have become very conscious about their health. That’s why many prefer to buy health insurance in advance to handle medical emergencies without hassle. However, there is still confusion among many regarding health insurance. Many people think that health insurance and mediclaim are the same, and due to this confusion, they end up buying mediclaim instead of health insurance. If you are also making this mistake, correct it today by understanding the difference between the two.

What is Health Insurance?

Health insurance gives full medical coverage. It includes hospital costs before and after treatment, daycare, and OPD expenses. The insurance company pays these costs as per the policy. You can also add extra cover for serious illness, maternity, or infertility. Health insurance covers both medical and surgery expenses. It is flexible and can be chosen as per need. Many plans also offer cashless treatment and free medical checkups.

What is Mediclaim?

Mediclaim is an insurance plan that covers hospital bills only if you are admitted. It does not offer extra benefits like health insurance. Usually, the maximum coverage is up to ₹5 lakh, but this depends on the company. Mediclaim is less flexible. You can either submit hospital bills for a refund or use the cashless option if your plan allows.

Mediclaim vs Health Insurance: What Should You Choose?

Mediclaim is usually cheaper than health insurance due to its lower coverage. However, experts recommend opting for comprehensive health insurance. When choosing health insurance, it is important to compare the coverage, services, benefits, and premiums offered by various companies. Personal insurance needs may vary, so select a plan that suits both your budget and requirements.