The most important thing in our life is our health. But our lives have changed more than before, pollution, increasing stress and bad eating habits are rapidly affecting our health. If something happens to us in life and the financial condition is not good, then it helps in reducing the cost of treatment. This is the reason why health insurance has become the biggest need of today.
Health insurance is an insurance plan that can save the expenses incurred in hospitalization whenever we fall ill, in case of road accident or medical emergency. It covers hospital bills, operations, medicines, tests, and sometimes pre and post hospitalization expenses. Some policies also provide day-care treatment and critical illness cover.
Benifits of Health insurance
1. Cashless Treatment
Cashless treatment, most insurance companies provide cashless treatment facility in their tie-up hospitals. This means that at the time of treatment you do not need to pay money in the hospital, the insurance company sends the money directly to that hospital. Which helps a lot in times of emergency.
2. Protection from heavy hospital expenses
Health insurance policy reduces the cost of your treatment. Without health insurance, even a small illness can cost you thousands and lakhs of rupees. Especially in private hospitals, the cost of treatment is so expensive that the financial condition of the common man deteriorates. Health insurance policy saves you from financial stress.
3. Tax Exemption
There is no tax on health insurance premium. Tax exemption is available under Section 80D of the Income Tax Act. This applies to both individual and family policies. This exemption is even higher for senior citizens.
4. Emergency ambulance expenses
If you are involved in a road accident or fall ill, many policies cover the cost of ambulance in case of emergency, thus eliminating the cost of ambulance fare which is very important for immediate treatment.
5. Peace of Mind
The biggest advantage of taking health insurance is peace of mind. No one knows that illness can strike at any time, but having health insurance keeps you tension-free as you do not have to worry about the cost of treatment.
6. No claim bonus
If you do not make any claim for a year, then the next time you renew the policy, insurance companies give a no-claim bonus, which increases your cover amount without paying a higher premium.
7. Complete protection for the family
In a family floater plan, you can cover your entire family in a single policy – like parents, wife and children. This provides medical protection to everyone and there is no hassle of having separate policies.
8. Critical illness cover
Some health insurance plans provide special cover for serious diseases like cancer, heart attack, kidney failure etc. The treatment of these diseases is very expensive which is beyond the budget of a common man and critical illness cover reduces your financial burden.
9. Health checkup facility
Many policies provide free or discounted health checkup facility. By getting our health checked from time to time, diseases can be detected and treatment becomes easier.
10. 7 Pre and post hospitalization expenses
Often people think that only hospitalization expenses are covered, but health insurance also covers expenses incurred before hospitalization and for a few days after discharge – like doctor’s fees, medicines, tests, etc.
Conclusion
Health insurance is not a luxury but a necessity in today’s time. It not only provides better treatment to you and your family but also provides financial security. To secure your future and the dreams of your loved ones, choose the right health insurance policy today and be rest assured.
