Health insurance is an important investment protect you and your family. Still very few people in India have health insurance and those who have invested in health insurance do not have adequate coverage. In today's time, due to increasing pollution, unhealthy diet, stressful lifestyle, and overwork, many serious diseases are becoming common which can be very expensive to treat. Therefore, if you get hospitalized, medical expenses can take a toll on your savings.
The purpose of this article is to ensure that we understand the importance of medical insurance policy, so that you can ensure the safety of yourself and your family in these difficult times of inflation.
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What is Health Insurance?
Health insurance is a financial measure that helps maintain control over medical expenses. It is a type of insurance that provides a person with various facilities of medical care in exchange for a fixed premium.
The main purpose of health insurance is to protect the individual from irregular medical expenses. It pays for medical services. Apart from this, health insurance often offers targeted benefits such as reimbursement (paid after premium), healthcare facilities at network hospitals, and other benefits.
Health insurance not only provides financial security to individuals, but it also leads them to good health and high quality of life. In addition, it reduces the contrast and irregularity in their daily lifestyle.
Benefits of Health Insurance
The following are the
The following are the benefits of taking a health insurance policy:
Financial Protection:
Health insurance provides financial protection that covers high medical expenses. It also pays for medical expenses such as hospitalization, surgery, medicines, and preventive care. This helps you avoid huge costs and you also do not have to face unexpected medical expenses that can increase your financial burden.
Network Healthcare Providers:
A network of healthcare providers and facilities is available with health insurance. This ensures that you can receive timely medical care and enjoy quality healthcare services. Health insurance plans usually establish partnerships with hospitals and doctors. Finding the right healthcare provider for your needs becomes easier with this.
Preventive services:
Many health insurance plans offer you access to preventive services such as vaccinations, screenings, and annual checkups. These services can help you identify health concerns at an early stage. Prioritizing regular preventive services can improve your overall health.
Tax benefits:
The cost of the health insurance policy premium is deducted from Income Tax Act. The upper limit of the deductible amount is ₹25,000; for senior citizens, it can be increased to ₹50,000. Sometimes, if both the proposer and his parents are above 60 years of age, the tax benefits can go up to ₹1,000,000.
Conclusion
Good health is the basis of a prosperous life, and nowadays with the rising expenses of medical treatment, having health insurance has become important. Through this, we not only get financial security but also take the responsibility of taking care of our and our family's health. Therefore, it is extremely important to make health insurance an integral part of your life. If you do not have health insurance yet, join Niva Bupa today and secure the future of yourself and your family.
