Medical expense insurance is also known as ____________.
Medical expense insurance is also known as Medi claim.
Medical expense insurance, which is designed to provide coverage for medical expenses incurred by the policyholder due to illness or injury, is often referred to as "Medi claim" or "Mediclaim" in some countries, particularly in India.
The term "Mediclaim" is a portmanteau of the words "medical" and "claim," and it is used to describe a type of health insurance policy that provides coverage for hospitalization expenses, medical tests, and other related expenses.
Medical expense insurance or Medi claim may be offered by employers as part of a group health insurance plan, or it may be purchased by individuals as a standalone policy.
The purpose of medical expense insurance is to provide financial protection to the policyholder against the high cost of medical care, which can be a significant burden for many people, particularly in the event of a serious illness or injury.