A person’s financial stability might suffer greatly due to a medical emergency. This is where mediclaim insurance policies come into the picture. They can help mitigate the financial burden associated with medical expenses by covering most or all of the costs incurred. But with so many insurance policies available in the market, selecting the best mediclaim policy in India can be overwhelming. In this article, we will discuss the factors you should consider when selecting an insurance policy. What is a Mediclaim Plan? It is a sort of health insurance policy in which the insurance company reimburses the policyholder for medical expenditures incurred while receiving treatment for their medical condition.  Also, if you have chosen cashless treatment, you will not have to worry about paying the bills. The insurance company will settle the amount with the hospital directly. To use the cashless facility, however, you must seek care at one of the insurer’s network hospitals. Things to Consider Before Buying a Policy Coverage Amount One of the primary factors to consider when selecting a mediclaim insurance policy is the coverage amount. The coverage amount is the maximum amount that the insurance company will pay out in case of hospitalisation. You […] read more