Health insurance plan: A Shield against medical emergencies…Bhavna Behari
Health is one of the greatest assets for a human being. Off all the gains in life, good health is a blessing for people. With good health, you can work hard, earn money and stay a successful and healthy lifestyle. Therefore, it’s important a person protects it in every possible way. One of the best ways to protect your health would be owning a suitable health insurance policy at the earliest. It is a way to ensure a healthy life and having enough financial support during medical emergencies.
At the nominal premium amount costs, you have the desired protection against operational or treatments costs, doctor fees, expensive medication, and hospitalization. A health insurance policy assists an individual in two ways. Either you visit any of the empanelled hospitals under the policy for treatment and walk out happily without paying a penny else you pay for the costs of the medical treatment and later get reimbursement done.
Policies in Indian market weave along with several unique benefits. Therefore, it’s important an individual go through all the policy details, get familiar with the policy coverage and benefits that you can avail at the time of needs. Before, buying an insurance policy people have to access their family needs, income source, risk appetite, nature of work & living standard, place of living, inflation costs and then go for a suitable purchase of policy. Find a health plan that best suits your health care needs.
Besides, finding a policy that serves you rightly, it is also important to invest in good health insurance company. For this, you can compare insurers online that will guarantee claim settlement in time and in a hassle-free manner. They should be able to serve you with trusted and quality health coverage when in need.
With technology at its par, nowadays you can buy a policy online. It reduces the chances of going wrong or getting shortage for your cover policy. With all information available online, you can compare quotes from different health insurance providers, features & benefits, discounts offered, premium costs, hassle-free claim settlement and then go for a policy purchase.
At the time of buying a policy, most people focus on the premium amount. However, such is not the case, besides costs; there are other factors like policy renewal, claim terms, exclusions & inclusions, term & conditions that have to be taken into consideration. The waiting period is one of the parameters that prove a deciding one for the policy purchase.
A health policy empowers a person to go for regular health check-ups, get financial aid during medical issues as well as do long-term medical treatment. Besides, one of the monetary benefits a policyholder can enjoy is the tax savings. Premiums paid towards health insurance offer tax benefits under section 80D of the Income Tax Act. The part of tax benefit, however, depends on the individual’s age who is insured. The maximum deduction that can be availed is Rs 25000 a year in case of premium paid for self, spouse, children and parents. In case of premium paid for health coverage policies on a senior citizen of age 60 or more, the maximum benefit is capped at Rs 30, 000.