Distinction Between Medical Insurance coverage And A Well being Insurance coverage

You probably have usually discovered your self feeling confused whereas attempting to grasp the distinction between medical and medical insurance, then this publish is for you. Contradicting to what folks suppose, medical and medical insurance will not be the identical, and through occasions like these, it’s crucial that you’ve got each of those plans with out feeling confused about what medical and medical insurance and what they entail. On that observe, right here’s a glance a between medical and medical insurance and the advantages they entail.

What does medical insurance imply?

Well being Insurance coverage is a plan that covers all of your hospitalization bills which incorporates each pre and publish hospitalization bills alongside ambulance prices and different facet bills. One can positively say that that is extra of a complete coverage. 

What are the several types of medical insurance?

Particular person Insurance coverage Coverage

This sort of coverage will offer you protection in opposition to numerous illnesses. It additionally affords advantages associated to hospitalization and medical bills. 

Household Floater Insurance coverage Coverage

Household floater insurance policies often consists of not only one individual however a number of folks from the household. It may be included in plain format or you’ll be able to take assist from people and perceive the sum whole of remedies for particular person or relations. 

Pre-Present Cowl Coverage

On this plan, you’ll get protection on all of the ailments you will have bought from earlier than in your insurance coverage plan.

Surgical & Sickness Plan

Such plans will present you protection from all types of vital ailments like coronary heart assault, most cancers, and so on. 

Senior Citizen Insurance coverage Coverage

All well being associated points could be coated inside this one coverage.

Preventive Healthcare Coverage

This coverage additionally consists of medical check-ups, concessions, session charges, and so on. 

How do you outline medical insurance coverage?

Medical insurance coverage however offers very restricted protection for all hospitalization prices and bills in direction of any of the illnesses which can be associated to accidents. Medical insurance coverage additionally doesn’t present any protection like insurance coverage. This can be depending on the sum that’s assured. Nonetheless, make it possible for it doesn’t cross 5 lakhs.

What are the completely different medical insurance coverage insurance policies out there?

Particular person Coverage

This offers protection of solely a certain amount that’s insured to 1 individual.

Household Floater Coverage

Right here, if one individual from the household dies, then that coverage shall be closed for that individual and the opposite relations shall not have permission to resume insurance policies. 

Pre-Present Illness Protection

This policyholder will get protection for all illness which can be associated to buying an insurance coverage plan. It additionally offers protection for all of the ailments that would come up from different pre-existing well being situations. 


All insurance policies additionally present protection for one 12 months. Therefore, the insurance policies need to be bought very early onwards at a a lot decrease premium alongside different well being advantages.

So total, medical insurance coverage doesn’t offer you any further add-on coverages whereas medical insurance does present add-ons. Medical insurance coverage additionally doesn’t have any flexibility when it comes to the protection whereas the insurance coverage coverage holders will even cut back the period & quantities after a sure level of time.