Hi Dilip,
Mediclaim Policy means coverage of employess on health or medical ground upto a certain limit in a year..
Actually it facilitates employees with free medical check ups and other medical emergency completely free upto a certain limit..
So many Insurance companies are providing the same.. those covered under this policy or scheme get an Health Card and list of network Hospitals where hospitalisation is completely free upto the limit given.. even one may get hospitalised in non-network hospital.. and can reimburse the same in actual on producing the receipt of the expenses occurred..
Mostly those employees, who are not covered with ESI gets facilitated with this scheme..
Regards,
Amit Seth.