Benefits of Cashless Mediclaim

mediclaim premium calculator

As humans, our ability to foresee has given us an evolutionary advantage. Our ability to gauge situations and prepare for them before they occur has managed to improve our way of living. Insurance is one such tool that gives a modern-day reflection of our basic human instinct.

The whole purpose of buying insurance is to be sure of the fact that whenever there is an emergency, it may not fall as hard on your finances as it otherwise would. Mediclaims are just a specific channelisation of insuring medical emergencies. Considering the world that we live in today – polluted environments and unhealthy lifestyles – everyone’s facing health risks. Being ignorant on this frontier would consequently cost you a lot of money.

To make things better, there is now a cashless mediclaim policy which lets you avail of the medical treatment in the hour of emergency. One can avail of this without having to pay for the same, at the time. Medical assistance is a basic human right. Nobody should be denied of it in the hour of need.

How does it work?

Whenever you avail a cashless mediclaim, all your bills will be covered by the insurance provider. So, you do not have to pay for it from your pocket, right at the moment. The insurance company negotiates with the hospitals in their networks and settles the incurred expenses.

Benefits of Cashless mediclaim:

  • It reduces burden on your finances

Cashless mediclaims ease the burden on your finances during emergencies. When a patient is being brought into the hospital, enduring considerable pain; arranging for money is the last thing on one’s mind.  Treatment is provided first. Healthcare expenses are tended to later and this is what a cashless mediclaim ensures.

  • Coverage

It is assuring when your mediclaim covers a wide range of expenses. Most cashless mediclaims offer coverage right from ambulance charges to inpatient care and domiciliary treatment. You can choose from a wide variety of plans and pick one that best suits your needs. A mediclaim premium calculator helps you estimate your expenses accordingly.

  • Covers even your travels

Most people are apprehensive about mediclaims thinking that the farther they go, the cover may not be enough. Cashless mediclaims understand that emergencies can occur during travelling. You might need financial coverage there more than anywhere else. All you have to do is visit any wide range of hospitals your mediclaim covers and avail of cashless mediclaim there.

  • Tax benefits

Premium paid towards cashless mediclaim is eligible for tax benefits. This is suggested by Section 80D of the Income Tax Act 1961. These benefits are up to a limit of Rs. 10,000 for individuals and Rs. 15,000 for Senior citizens.

  • Peace of mind guaranteed

In the end, it is true that health is wealth. Cashless mediclaim ensures that when crisis occurs, you only focus on getting better.  Worrying about expenses should not bother you that time.

To sign off

If you are thinking about the amount of premium to be paid, then worry not. With the use of a mediclaim premium calculator, you can easily assess the amount of premium you would have to pay monthly to get the desired coverage. This will make your decision making smarter and effective.

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