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With the change in lifestyle, we have become vulnerable to many diseases and illnesses. Along with that, the cost of treating these ailments is also rising rapidly. It has therefore become essential to buy health insurance.
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With the change in lifestyle, we have become vulnerable to many diseases and illnesses. Along with that, the cost of treating these ailments is also rising rapidly. It has therefore become essential to buy health insurance. • A good health insurance policy will help you safeguard your funds against high medical bills. They offer you financial coverage for unexpected health treatments, emergencies, and hospitalization. Investing in health insurance is a smart choice because of the multitude of benefits that it offers. Read on to explore some more health insurance benefits.
Optimum coverage against health issues • The primary reason to buy health insurance is to ensure coverage against health-related expenses. Insurance providers now include all sorts of coverages into their policies, so that you don’t have to worry about gathering end-moment funds during a medical emergency. These covers can be modified to cater to all your needs. Along with medical expenses like hospitalization costs, and treatment charges, non-medical costs like ambulance charges, medicine costs, and fees of caretakers are also covered by a health insurance policy.
Cashless claims • The cashless claim facility is provided by most of the insurance agencies across the country. This service comes handy at times of emergencies when gathering funds at the last minute can be a task. Your insurance company and the hospital settle the monetary expenses amongst themselves, once you make a claim. All you have to do fill out a pre-authorization form and display your policy card to claim this Cashless Health Insurance. This ensures you get the best possible medical treatment and takes away the stress of making out of pocket payments.
Daily hospital allowance • This is one of the hidden health insurance benefits that one can claim. According to the number of days you spend in the hospital, insurance agencies provide you with a certain daily allowance. The amount of days spent and the cash that is given to you is pre-decided in the health insurance policy, agreed by you. This attribute helps you to take care of the extra expenses during your stay or visits to the hospital. It is also quite beneficial if you are the only earning member of your family. • Pro tip - Whenever you buy health insurance, make sure you select the one that offers a good daily hospital allowance.
Tax Benefits • According to Section 80D of the Income Tax Act, the premium paid on health insurance eligible for deduction. This way you can enjoy tax benefits by buying health insurance. For instance, if you are purchasing an insurance policy for your parents, you can avail up to Rs. 80,000 which includes annual check-ups. However, several conditions must be met to claim deductions.
Critical illness cover • Many insurance companies offer critical illness cover, either as a standalone policy or as a rider. These medical insurance policies give security against critical diseases such as paralysis, heart attack, etc. Your insurer gives you a lump sum amount to pay off your treatment costs, daily expenses, and other financial obligations if you have any of the severe diseases that have been mentioned in your policy. • As mentioned above, health insurance policies come with various benefits. Secure yourself from health emergencies today by selecting a medical insurance plan that suits your personal needs.
For more details on Health insurancein India: • 5 Smart Tips to Lower Your Medical Insurance Premiums. Visit Here : • https://www.iffcotokio.co.in/
