With economic crises and frequent incidents of accidents, the mean demand for health insurance has been shown to increase significantly. A health insurance plan can provide you with financial security in the event of a medical operation. Everyone has certain risks and uncertainties in their life. The best way to deal with health risks is to buy a health insurance cover.
Health insurance is a coverage that will pay for your medical expenses when you are hospitalized or sick. The insurance will cover you for an individual injury, illness or care or service it will provide. Apart from providing financial backup, health insurance also ensures that you get access to superior healthcare services across the country. There are various reasons for having a health insurance policy, and if you have a family, you can choose a family health insurance plan to take care of your medical needs.
Health Insurance Benefits
1- Financial security: Medical expenses in the country are increasing rapidly, and in case of an emergency, you can spend all your savings for medical treatment. This can put a strain on your plans and ruin your financial budget. Whenever faced with a health emergency, Indians have a habit of relying on their savings, and if you have a health insurance plan, you won’t have to break the bank in case of a medical emergency. will have.
2- Income tax relief: Any payment made towards health insurance premiums will be income tax deductible. In fact, individuals who are above 60 years of age can claim income tax deduction of up to INR 25,000 for themselves and for their parents above 60 years of age through the Income Tax Act. and others can claim income tax deduction for INR 50,000 purchased for their parents.
3- Pre and post admission expenses: A health insurance will not only pay for your medical expenses but it will also pay for OPD expenses and diagnostic tests. It will cover pre- and post-hospitalization expenses for a specified period.
4- Critical Illness Coverage: If a critical illness strikes you or a family member, you will shell out a hefty sum for the treatment. When you buy a health insurance plan, you can choose the option for a critical illness cover that is covered by the policy. You can use regular health insurance for medical hospital bills, and you can receive any sickness cover approvals that can be used to fund other medical expenses.
Additional benefits: When you buy a health insurance policy, you get multiple additional benefits such as ambulance coverage, coverage for health check-ups, coverage for vaccination expenses, coverage for d-care surgeries and more.
The importance of health insurance can never be overstated. Life is a roller coaster, and an illness can change your life in minutes. You need emotional strength for individual disclosures, but you also need financial independence and only a health insurance plan can provide you with that. There are many types of health insurance plans in the market. Do your research and choose the one that best suits your needs.
Warning:
Further details of risks, terms and conditions. Read the sales brochure carefully before making a sale.
