Group mediclaim policy gives coverage for medicinal expenses during the time of any serious illness, surgery and an accident. There is an advantage of group mediclaim policy. One can get discount for the group and the rate of premium is also low. These group mediclaim policy benefits all the persons included in the policy.
Cover the risks
The policy gives coverage for certain risks. The insured will get coverage for all the medical expenses that may incur during the treatment of certain disease in a hospital. Within sixty days the insured will get the benefits of cover, even after getting discharged from the hospital.
During the period of initial 30 days if any expenses occur apart from any accidental injury, liability arising due to pregnancy of the insured, expenses during curing piles, cataracts, asthma, bronchitis is not covered by this policy. These are the common eliminations of this policy. However this policy term covers all the expenses during the insured period of time.
So the policy of group mediclaim is basically a cover for hospitalization and the insured gets repayment of all the expenses incurred during the treatment procedure. Two other benefits of this policy, firstly one can get total advantage of income tax. The amount obtained from the claim is tax free. And secondly one can apply sub- limits. The liability arising during treatment in hospital and ICU, and during the ambulance service is payable only if the ambulance service is registered. The policy also offers discounts for families and other cumulative bonus.
Contact us for Buy/ Purchase a new Group Mediclaim Policy or Renew your Group Mediclaim Insurance Policy. Oriental Insurance offers Cheaper and affordable Premium quotes & Rates.
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