What is a health insurance policy? Is it different from mediclaim?
“Mediclaim is a prototype of health insurance. Mediclaim policies only cover hospitalisation expenses.”
Questions & answers
What is a cashless health insurance policy?
“A cashless health insurance policy comes with the facility of cashless treatment at network hospitals. In case you take a treatment at any hospital, after verifying all your health insurance documents, your hospital coordinates with your health insurer directly or through a third party administrator to make a claim under your health insurance policy.”
What are network hospitals?
“Network hospitals are a list of hospitals throughout the country which are tied up with an insurer to provide cashless treatment facilities to its customers. If you have a health insurance policy and go to one of the network hospitals, you can avail cashless treatment facility.”
What is No Claim Bonus (NCB)?
“Health insurers usually provide rewards to their customers at the time of renewal for staying healthy. If you buy a health insurance policy and do not make any claim in any policy year, your health insurer will reward you in the form of increased coverage at no extra cost at renewal.”
Company details
- Algates Insurance
“Simplifying Insurance For All individuals”
Data formats & record details
Download this profile and inspect its supporting evidence.
- Entity ID
- urn:readyscan:entity:algates-insurance-q139780265
- Material fingerprint
- fnv1a64:fb11a02892d49a7e
- Entity revision
- fnv1a64:da10980710126b37
- Published
- 2026-10-25
- Modified
- 2026-10-25
- Source summary
- Algates Insurance: “Simplifying Insurance For All individuals”.