Changing lifestyle, habits, pollution level and many other factors severe impact on individual’s health. This may cause various health conditions and medical diseases.
Medical cost associated with treatment increasing rapidly. To protect your Savings against high bills, it’s necessary to invest in Health Insurance Plan. It will cover all the pre and post hospitalization expenses and all other expenses of hospitalization.
Here’s find the five major advantages of Health care Plan
Cover against Medical Expenses
Buying a Health Insurance is to receive the best medical care without any stress and strain on finances. Medical insurance Plans offer protection against high medical costs. It cover all hospitalization charges – pre and post hospitalization charges, day care, domiciliary expenses and other medical cost include medicines , ambulance charge etc.
Coverage against Critical Illness
Insurance providers nowadays offer critical illness insurance, either as a standalone plan or as a rider. Such an insurance policy provides coverage against life-threatening diseases such as kidney failure, bone marrow transplant, stroke, and loss of limbs, among others. Upon diagnosis of any of the critical illness from the predetermined list of your policy, you are entitled to receive a lump sum amount. This amount may be used to meet your illness-related treatment costs, daily expenses, and any other financial obligations.
Cashless claim Benefit
Many Insurance company provide cashless treatment. This facility make your pocket hole free and insurance company and insurer settle all expenses themselves. You need to admit the patient in insurer’s network hospitals. You may fill out pre authorization from an display card to avail services.
Additional protection over and above your employer cover
Many organizations cover their employees with a group insurance plan. However, such policies are not tailor-made according to the needs of every individual. Besides, you may be left uninsured in case of loss of job or change in employment. In order to protect yourself against such an event, purchase a health cover individually.
Health care plans provide tax benefits. Premiums paid towards your health care policy are eligible for tax deductions under Section 80D of the Income Tax Act, 1961. If you are under 60 years of age, you may claim up to INR 25,000 tax benefits on health insurance premiums for yourself, your spouse, and dependent children, and an additional tax benefit of INR 25,000 for parents. If either of your parents is a senior citizen, you may claim up to INR 30,000 tax benefit.
One plan many benefits, Compare and choose the best plan according to your requirement. Don’t miss out the opportunity to avail all these benefits.