Jammu, May 30 -- There is a common assumption in Indian households that if you have a mediclaim policy, your family is financially protected. You pay the premium every year, the health cover is active, and you feel sorted.
But there is a gap in that thinking. A fairly large one.
A mediclaim policy protects your family from hospital bills while you are alive. A 1 crore term insurance protects your family from everything that comes after you are gone. These are two different problems. And for the person whose income runs the entire household, the second problem is the bigger one.
Let us be clear about what a mediclaim policy is designed to do.
It covers hospitalisation expenses. Room charges, surgery costs, doctor fees, pre and post-hospi...