At an affordable price for you
For each one of us, personal health and the well-being of all the family members is the most important thing. If you and your family are physically fit, you enjoy and cherish the time spent together. Investing in health insurance is an important step in that direction. It is a fact that several people shy away from buying it because they are unaware of the benefits that individual as well as family medical insurance offer.
We all know how expensive medical treatments have become and if at all someone from your family falls sick, getting the right treatment can have a severe impact on your finances. That is why health insurance is so important – it safeguards your financial resources which would have otherwise been spent on availing healthcare. Another benefit of having health insurance is the tax benefit it offers under section 80D of the Income Tax Act.
At the same time, there are essential points of coverage that you must have in your health insurance policy. These are: -
This is one of the key benefits of having a health insurance plan. In many cases when the patient is suffering from illness and hospitalization is not possible, things become difficult for the sufferer as well as the other family members. This can be because the patient is not in a condition to be moved to a hospital or the nearest hospital has no beds vacant. In such scenarios having a health insurance plan that includes domiciliary hospitalization turns out to be a lifesaver. So, look at plans from health insurance companies that offer this before buying.
When someone is hospitalized from your family and you are worried about the person’s health, wouldn’t it be nice if you would not have to worry about paying the hospital and medicine bills?! This is possible if you wisely choose a health insurance plan that includes a cashless hospitalization facility. With time, this facility has become very important for a lot of health insurance buyers. You do not need to arrange cash for the treatment. That way, you have greater peace of mind and can focus on taking care of the person admitted.
Don’t get us wrong here. Many people who buy health insurance tend to invest in it to do it for the coverage on offer. Ideally, they should avail of the tax benefits on offer as well. Available under Section 80D of the Income Tax Act, the amount of deduction can vary from ₹25,000 – ₹1,00,000 based on the age of the people insured under a health insurance policy.
For instance, an individual can claim a deduction of ₹25,000 on health insurance under section 80D for self, spouse and dependent children. An additional deduction for insurance of parents is available up to ₹25,000 if they are less than 60 years of age. If the parents are aged above 60, the deduction amount is ₹50,000. In case, both taxpayer and parent(s) are 60 years or above, the maximum deduction available under this section is up to ₹1,00,000.
Care Health Insurance (Formerly Religare Health Insurance) offers comprehensive plans that are designed to suit the needs of every health insurance buyer. Our health insurance plans come with key benefits and provide maximum coverage so that you can avail of the best healthcare treatment without financial stress.
Disclaimer: Plan features, benefits, coverage, and underwriting of claims are subject to policy terms and conditions. Please refer to the brochure, sales prospectus, and policy documents carefully.
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