Health Insurance: What You Need To Know For Upping Your Tax Saving Strategy

A cashless Mediclaim policy is one in which the insurance company and the network hospital settle medical expenditures and hospitalization charges directly. The policyholder is not required to pay any cash. This perk allows you to avoid the reimbursement process at any network hospital. With cashless Mediclaim coverage for families, you can get the greatest treatment without having to worry about finding the money. Let's take a look at how it works and what you should know about cashless mediclaim coverage. What Is the Process of Cashless Mediclaim? When you buy a Mediclaim policy, the insurance company gives you the option of making cashless claims. In other words, you will not be obliged to pay any cash for the costs of medical treatment and hospitalization in the insurance company's network facilities. The insurance company will manage the expenses directly. To use the cashless Mediclaim service, the patient must be admitted to one of the network hospitals. These hospitals ...

Every car owner is required by law to have third-party insurance. However, experts frequently advise that you purchase a complete plan so that any damage to your own vehicle is also covered. As a car owner, you are now guaranteed that human-caused (theft, vandalism, riots, accidents) and natural-caused (flood, earthquake) damages are covered. But what about your medical coverage in the event of an accident? Injuries sustained in an accident may necessitate lengthy care, increasing your financial burden owing to mounting medical expenditures. As a result, you should purchase personal accident insurance, if you do not have any group personal accident insurance policy already, in addition to your medical insurance coverage. In India, does health insurance cover accidental injuries? You undoubtedly evaluate issues such as the sum covered, advantages, inclusions, and exclusions when acquiring medical insurance. What you usually don't realize is whether or not accidental injuries are co...