Difference between Health Insurance and Mediclaim

DEEPTI LAD | March 15, 2018

article image
Until Health insurance came into existence in India, Indians were only aware of Mediclaim policies. However, I still know people, who use both these words interchangeably. I recently walked into a bank where they sold health insurance policies and the bank representative addressed it as mediclaim. I kept wondering, as the pamphlet stated Health insurance policy and not mediclaim policy.

Spotlight

eFinancial

eFinancial is making it faster, easier, and more affordable for everyday Americans get life insurance coverage. Founded in 2001, eFinancial is an online and call center-based insurance agency that makes buying life insurance more convenient than traditional face-to-face options. Today, consumers can get the personal coverage they need from the convenience of their home, office or even on the go.

OTHER ARTICLES

What You Need to Know About Coronavirus and Medicare Coverage

Article | March 20, 2020

Medicare Rights now has a flier with information about Medicare coverage and coronavirus.Congress passed legislation (H.R. 6201) that would waive all beneficiary cost sharing for coronavirus testing and the associated doctor’s office visit. The President is expected to sign the bill soon. Early Saturday, March 14, the House passed legislation (H.R. 6201) that would waive all beneficiary cost sharing for coronavirus testing and the associated doctor’s office visit. A Senate vote is expected soon.

Read More

6 reasons to take out landlord insurance

Article | March 20, 2020

Making the leap from homeowner to property investor comes with a unique set of challenges and opportunities. While many landlords try to minimize their outlay and maximize their return – and understandably so – insurance is the one essential expense you simply can’t afford to scrimp on. It’s so important that you are adequately covered with suitable landlord insurance, so that the following scenarios don’t cripple you financially…

Read More

7 Business Models of the Future for Insurers

Article | March 20, 2020

The insurance industry continues to be an enabler of innovation. Since its creation three centuries ago, it has become an essential part of the global economy — providing security and resilience to businesses and individuals alike. But the fundamentals of how it operates have barely changed. As we enter a new decade, the industry must reflect the reality of the needs of today’s businesses and society. Large commercial insurers and reinsurers, in particular, have an increasingly urgent imperative to realign their organizations and modify their offerings to include stronger preventive services against new and evolving threats, including climate change and cyber risk. There is a huge opportunity. Our latest NextWave Insurance report reveals that, should the industry act now, an unprecedented growth and profitability spike is within reach. By 2030, we project that large commercial insurers and reinsurers could experience:

Read More

Can AI Solve Health Insurance Fraud?

Article | March 20, 2020

Insurance fraud scams seem to make the news at least every month, as organized criminals seek to exploit the way insurers reimburse clinics, pharmacies and other providers for their services. What’s often shocking is how much money fraudsters can steal from insurers before they’re caught. Recently, in a single month, two separate alleged fraud rings based in California were busted for scams that investigators say netted $20 million or more.

Read More

Spotlight

eFinancial

eFinancial is making it faster, easier, and more affordable for everyday Americans get life insurance coverage. Founded in 2001, eFinancial is an online and call center-based insurance agency that makes buying life insurance more convenient than traditional face-to-face options. Today, consumers can get the personal coverage they need from the convenience of their home, office or even on the go.

Events