Mediclaim is a term used to describe health insurance policies that cover hospitalization expenses. The term comes from combining the words “medical” and “claim”, referring to the process of making a claim for reimbursement of medical expenses incurred during an illness or injury. Mediclaim policies typically provide coverage for hospitalization costs, including room rent, surgery, diagnostic tests, and other related expenses. These policies can be taken out by individuals or provided as part of employee benefits packages by companies.