Importance of Having a Health Insurance Plan
There is no denying the fact that ‘health is wealth’. When you and your family are healthy and happy, there is a sense of contentment, isn’t it? However, unforeseen circumstances like falling severely ill can adversely affect it. Although these things are out of your control, often, they might lead to a lot of medical expenses. In times like these, having a health insurance plan will come to your rescue.
Health Insurance takes care of the medical expenses of an individual or a group of individuals like your family. Most of the insurance policies cover an extensive range of health issues, which depends upon the type of plan you choose. Hence, one can select an insurance plan according to their requirements and pay the medical insurance premium based on that. Having such a health insurance policy enables you and your loved ones to get quality treatment at reputed hospitals at the time of need.
Benefits of Having a Health Insurance Plan for Family
1.Cover for Medical Expenses
The primary benefit of a health insurance policy, as already touched upon above, is to cover all your medical expenses. Right from the pre-hospitalization expenses to the post-hospitalization bills to ambulance covers – health insurance plans provide coverage for all of this. Other than that, if you are selecting a health insurance policy for your family, your spouse and children will also get covered. By doing that, you don’t have to worry about straining your finances because of the hospital bills.
Another benefit that you will get if you have a health insurance cover is cashless claims. In this case, there is no need of making any immediate payments from your pocket. The hospital bill expenses are settled by the insurance policy provider with the hospital authorities. You can get the cashless approval within 2 hours in a hassle-free manner. However, if you want to avail this claim, you must get treated at a network hospital.
3.80D Tax Benefits
Tax savings are something that everyone looks for. Quite interestingly, you can save tax on health insurance policies as well. All you must do is declare the deduction under Section 80D of the Income Tax Act on the medical insurance premium that you have paid towards your policy. However, do check the terms and conditions in advance.
Health insurance cover is not only beneficial for you but for your family as well. Since there are a lot of options to select from, you can research and make the right choice based on the coverage you need.
CHIL is a comprehensive health insurance provider offering a wide variety of health insurance plans. Right from offering plans for your family to covering critical illness, our plans are comprehensive in terms of coverage. Stay healthy, stay covered with Care Health Insurance (Formerly Religare Health Insurance).