Know the need for health insurance in 2022?
An effective medical insurance policy is essential because the prices of medicines and hospital treatments are rising day-by-day. If an accident or critical illness befalls you,
it will may cause a huge financial burden for you and your dependents. A hard-hitting truth is that whether the hospitalisation is planned or not, it comes as an unpleasant surprise,
and it is sure to cost you heavily. So, it’s better to have the protection of a health insurance policy, which besides helping you to manage your finances, also offers you
several other benefits at very affordable premium rates. You can also check out the various health insurance quotes online to figure out which one is most suited to your budget.
Here are 5 reasons that will make you understand the importance of having the right health insurance plan:
✓ Financial Help: A health insurance policy will ease the burden of paying hefty medical bills from your pocket. You can save your hard-earned money for living your life to the
fullest instead of spending a huge part of it on medical care. If you are worried about the premium rates, then please be assured that you can get adequate insurance cover at a
pocket-friendly cost. You also get discounts like such as a family discount, which will allow you to purchase medical insurance plans at a relatively low premium.
✓ Quality Medical Care: You can avail the benefit of cashless claims and quality medical care is available if the treatment is sought at a network hospital. A network hospital
is a hospital that has an agreement with the health insurance company, which enables you to get the best treatment without having to shell out a large amount from your pocket.
✓ Tax saving: In India, the payments you make towards your health insurance policies are eligible for tax deductions under section 80D of the Income Tax Act. You can avail the
maximum deductions of ₹ 1 lakh if you buy a policy for yourself and your loved ones, and if you and your parents are senior citizens.
✓ Extensive Coverage: Health insurance plans provide cover not only against hospitalisation expenses, but also provide cover against critical illnesses, accidental
injury, maternity-related expenses, consultations, check-ups, and more. This extensive coverage is offered through a wide array of different types of health insurance policies.
✓ Peace of mind: If you are secured on the financial front, then even a trip to a hospital can feel a little less stressed. Having medical insurance gives you the peace of mind that can help you relax in a tense situation.
Health insurance offered by various companies in the country is accompanied by several features and benefits. You must evaluate these policies and select the best health insurance policy from them.