Why Do You Need A Health Insurance Policy?

Today with rising costs, when you are suddenly struck with a medical problem, the first thing that affects you is the physical strain of the problem. Adding to this is the financial strain of paying the bills. Medical costs can be heavy, leaving a family high and dry after paying the bills. Money that you had saved for vacation has to be spent on the bills, which can be really disappointing. However, you can reduce such problems by opting for health insurance. 

What Is The Protection Offered By Health Insurance?                                                                   

It will cover for so many unexpected expenses which arise when you need medical treatment. The best kind of policy is the comprehensive type because it offers 360 degree protection. Here is a look at the many ways in which it offers cover:

·         It pays for hospitalization expenses

·         It covers the pre and post hospitalization expenses

·         It pays for domiciliary expenses

·         It pays for critical illness expenses

·         It pays for medical treatment expenses and day care procedures

As you can see the policy protects you in so many different ways. However the benefits given here alone are not what you can enjoy. You can also take up add-ons through which policy protection can be enhanced.  Example of add-ons are home nursing, ambulance charges,  expenses for accompanying person and much more.  The policy has lifetime renewal benefits and there is a 24 hours claim facility in place so that you can get the claim through as quickly as possible.

Cashless Cover And Its Benefits

One of the key benefits offered by a comprehensive policy is cashless cover. It enables you to take treatment in any hospital that falls under the insurer’s network but without paying any cash.  Just walk into the hospital take treatment and walk off. It does not matter if you are in another city, you can still avail this cover. Cashless cover saves you from the trouble of having to make arrangements for cash when you are sick and need treatment.

Health Policy – A Tax Saving Investment

One of the interesting points to note about health insurance is that it comes with a tax benefit.  When you invest in a policy, you can make claims under Section 80D of the Income Tax Act.  Hence you can bring down tax expenses with it.

Making A Claim

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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