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Benefits Of Having The Right Health Insurance

Updated: Jan 12, 2021

India is one of the fastest developing nations in the world right now. It is also home to so many diseases and health related issues. Many of these problems can be treated with proper medical care. But for most of the population in India the cost of these treatments is a burden. Most companies provide health insurance for their employees but that is only available as long one is an employee of that company and those type of policies don’t offer maximum coverage. It can be considered as an absolute necessity to buy a health insurance plan at an early age if possible.



India is a largely populated nation with lots of people having life style diseases which may lead to fatal situations if leaved unchecked. Apart from that, respiratory diseases, birth complications, and infectious diseases are also increasing.

The most suitable way to prepare for these is to get the best possible insurance policy. There are several benefits of having a health care policy some of which are explained below.


Best Treatment


When you have a good health care policy there is no need to compromise in medical treatments due to lack of funds. The best available treatments can be done without any worry.


Protect Your Savings


Having a health care policy will help you protect your savings from unnecessary expense. You will have financial stability and freedom.


Countering Rising Medical Costs


Medical expenses are on the rise everyday. These expenses include a variety of categories like consultation charges, diagnosis tests, ambulance charges, operation theatre costs, medicines, room rent, etc. A good health insurance plan will cover all these expenses to a great extent.


Tailor Made Policies


Custom made policies according to your specific needs can obtained from various insurance providers. There are several plans available for anyone like critical illness coverage, accident cover, maternity cover, and more. Several add-on benefits can also be included later according to anyone’s needs.


Income tax benefit


Payments made towards health insurance premiums are also eligible for tax deductions under section 80D of the Indian Income Tax Act. Several schemes are available where one can get a substantial amount of tax deduction if you have an insurance plan. One can claim tax deductions of up to Rs. 25,000 that you pay towards your health insurance premium in a year. If you’re a senior citizen more benefits are there in tax deductions.


Additional benefits


There are several additional benefits of health insurance. Most of the plans come with features like cashless claims, ambulance coverage, pre/post hospitalisation coverage, No claim bonus, coverage for day-care surgeries, coverage for health check-up and vaccination and more.


Your health is your only true wealth, and health insurance is one of the best ways to keep it protected. For any health insurance related queries feel free to contact us. One of our experts will guide you through the right path in obtaining the optimum health care policy for you.

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