What is the most valuable commodity one can posse? Money? No! Power? No! Success? No! No! No! I am talking about our most priceless commodity 'HEALTH'. All things will follow only if you are healthy. Nobody wants to distort their life because of bad health. However, some uncertainties can never be predicted completely and Bad-health is one of them. You don't know when it knocks at your door and trap you. So, you need to be prepared in advance. You might not be able to stop sickness from trapping you but can certainly cut its wings by treatment. But again, treatment requires money as nothing comes for free and certainly not health so what to do? Now, here comes your savior 'Health Insurance'.
As the name suggests, health insurance policies are policies that look after you and your family members health along with your wallet. Many insurance companies know how one visit to doctor can suck you dry, hence they offer several types of health plan so that you can live healthily, happily and without any stress. In fact, since last few years, health insurance India industry has expanded vastly and still government is trying to tap this market.
What Market Offers?
Market offer different kinds of medical insurance plans but which will be the best health insurance plan totally depends on individual needs. Below is the table on types of medical insurance policies-
Health_insurance_policies_in_India
What Medical Policy Covers ?
This question might tickle your brain and it is valid also. You should know why to buy a certain product. What is its importance? Hence, below are some of the benefits of buying health coverage plans-
- Co-Payment- Some plans may not provide you complete remuneration for treatment but offers to pay some of the treatment's fee (depending on terms & condition) and thus, lessen your burden.
- Ambulance fee– Why to even pay for an ambulance also when you have policy that covers it on your behalf?
- Health Check-up- Some of the best mediclaim policy also offers for health check-up (Depending on insurer health claim history and terms in policy)
- Tax Benefit– The most important benefit of medical coverage is it is good investment. Now, you must be wondering how? Well, as per section 80D of Income Tax Act, paying mediclaim premiums can help in tax deduction. A person if buy mediclaim for himself, partner (spouse), his children and parents (below 60) can save upto Rs. 15,000 yearly and in case parents are 60+ then Rs.20,000 tax can be deducted (Depending on income). So, it is no rocket science that health plan is the best investment deal. (Not applicable to corporate world)
- Free Treatment– Several health plans offer free treatment to insurers so they don't have to stress over finance and can contentedly treat themselves and their family.
Medical_insurance
Now, that you know why health insurance is so important then make sure to buy it for yourself and your entire family and live a healthy and stress-free life. However, make sure to compare all the plans before you buy because every insurance company claims to offer the best medical insurance in India but what is truth can only be measured after comparison.
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