4 Reasons why health insurance is a matter of concern

by John Smith Digital Marketing Expert Hospitals, doctors and medical treatments are increasing day by day. These services are getting costlier day by day. It goes without saying that a medical emergency can attack anybody affecting the person emotionally and financially. Financial advisors suggest that it’s important to have financial security at such times. It’s very intriguing to know that only 44% of the 1.3 billion people have a health insurance policy as of 2017, according to a report by actuarial and consulting firm Milliman, titled ‘Indian Life and Health Insurance Sectors’. And, this is a very unfortunate realisation and the reasons can be anything like financial insecurity, unawareness, risky affair for people and many others. Health insurance can pay the insured for expenses incurred from any injury or illness.

There are different online portals for you to gather health insurance reviews. And, for more information on it, we have stated the reasons below:

1) Our dynamic lifestyle: Lifestyle is one thing that keeps on changing while we are growing each day. Due to regular changes, we get prone to different health issues and problems. Daily travelling, busy work life, improper diet, compromising on the quality of food and contaminated air develop health problems.
2) Covers all your medical costs: The costs incurred during your medical treatment are not only the cost of hospitalization but also the daycare procedures and OPD. The parasite borne diseases are covered under the policy. These are taken care of by the best doctors of the premises, you can also read some of the doctor review sites for your better satisfaction. Maternity benefits are also included in the health insurance policy. You can get to know about the policy through the health insurance reviews of some of the best companies providing insurance.

3) Gives income tax benefits: When you pay for health insurance premiums, it makes you eligible for tax deductions under the section 80D of the Indian Income Tax Act. The individuals of 60 years of age can claim a deduction of Rs 25,000 for the health insurance premium that they have paid for themselves, for spouses or children. You can also claim a deduction of Rs 50,000 if you are paying health insurance premiums for your parents of age 60 or above.

Having said this, we have combined the most beneficial reasons for you to buy your own health insurance cover. This would help you pay for the services such as an ambulance and daycare procedures. There’s an advantage of some non-hospital services like chiropractic, dental, physiotherapy, optical, dietary advice and alternative therapies viz. Ayurveda and homoeopathy as well. And, there are many sites for doctor reviews and health insurance reviews so that you can compare the best policy available.

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Created on Jul 14th 2019 00:19. Viewed 1,197 times.

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