RESUME APPLICATION PAY PREMIUM
Fund Performance

Fund Performance

Knowledge Center

Knowledge Center

About Us

About Us

Tools and Calculators

Tools & Calculators

Quick links

Mobile (Download app)
  • Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For NRI Customers

(To Buy a Policy)

(If you're our existing customer)

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

RESUME APPLICATION PAY PREMIUM

What do you want to do?

Quick links

Mobile (Download app)

Download HDFC Life App

Buy plans, track your policy, make renewal payments & monitor fund performance with HDFC Life App, Download Now!

Apple Logo Go to Google Play Store

Checkpoints to Remember While Buying a Mediclaim Policy

down-arrow
Checkpoints to Remember While Buying a Mediclaim Policy
November 05, 2018
Buying a mediclaim policy is the best thing you can do for yourself. If you don't have a policy cover, you should decide to get one soon, but before that, make sure you go through the below check points to choose the right policy:

Individual vs family floater-

In individual policies each family member is insured for a specific amount whereas in family floater the whole family is insured for a particular amount. Before deciding on which one to opt for, there are certain points to consider.

In case of family floater, when the primary person insured or the eldest member of the family reaches a specific age, the policy is closed and even the members who are still younger cannot renew the same policy. In individual polices, the individual is insured and he is evaluated on individual parameters. The attainment of specific age or death will not impact the mediclaim policy of other family members and their renewability.

Renewability age-

Although the mediclaim policies are normally only for a period of one year, in actual practice it is a long term relationship with benefits accruing to you as the relationship with the insurance companies progresses. So your mediclaim policies should cover you as you age as it will be difficult to buy a policy from another provider at that age.

Sub limit-

Suppose your sum assured is Rs 5 lakh and they have a clause of sub-limit which says that they will pay a maximum of 1 per cent of sum assured per day for room rent implying that the insurance company will pay a maximum of Rs 5,000 per day for room rent and anything additional would be paid by the insured. These kinds of sub-limits are not there in all policies so you should prefer policies that do not have such sub-limits. Also, there are certain diseases that are covered within the policy but with a certain limit. For example a policy may say that it would cover cataract operation but with a limit of only Rs 15,000. This means that whatever cost you incur due to hospitalisation for cataract, the maximum you can claim is Rs. 15,000. Ensure you understand these points before taking a policy.

HDFC LIFE offers simple mediclaim policies to cover your medical needs. Choose the ones best suited as per your requirement. 

Show Full Article
Hide Full Article

Term Plan Articles Term Plan Articles

Investment Articles Investment Articles

Savings Articles Savings Articles

Life Insurance Articles Life Insurance Articles

Tax Articles Tax Articles

Retirement Articles Retirement Articles

ULIP Articles ULIP Articles

Health Plans Articles Health Plans Articles

Child Plans Articles Child Plans Articles

Popular Calculators Popular Calculators

Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

LinkedIn profile
Author Profile Written By:
Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

LinkedIn profile
Reviewed By Reviewed By:

Here's all you should know about life insurance.

We help you to make informed insurance decisions for a lifetime.

How to Use Free Medical Checkups Covered by Your Health Insurance?

How to Use Free Medical Checkups Covered by Your Health Insurance?

Ensure your well-being with free health checkups included in our insurance policy. Regular medical assessments help monitor your health. Read our blog for more information.

Difference Between Mediclaim And Health Insurance

Understanding Waiting Periods in Health Insurance and Its Types

Health Insurance Coverage for Bone Marrow Transplant: A Detailed Guide

Explore our detailed guide on health insurance coverage for bone marrow transplants. Find the information you need to ensure comprehensive support in critical times.

Health Insurance Coverage for Bone Marrow Transplant: A Detailed Guide
Tips to Buy The Perfect Mediclaim Policy For Senior Citizens Previous
Guide on Cashless Mediclaim Policy - Need of The Hour Next
HDFC life
HDFC life

HDFC Life

Reviewed by Life Insurance Experts

HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER

We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

Popular Search

Popular Searches