Why Buy Health Insurance?
These days, technological advancements have brought us to a stage where life has become easier than ever. Even healthcare has advanced by leaps and bounds, making longer and healthier lives an achievable reality. However, with all the advancements, the costs for healthcare have also been rising steadily. It is a known fact that getting sick is not something we can always control but we can at least be prepared financially for it. One of the best ways of doing that is by purchasing a health insurance policy.
From helping you plan your healthcare expenses to income tax benefits, there are multiple benefits of purchasing a health insurance plan. Take a closer look at the top five reasons why one should buy health insurance: -
1. You Get to Avail Quality Treatment
When there is a health emergency, worrying about hospital bills should be the last thing on your mind. A health insurance plan will help you concentrate on the treatment rather than worrying about the cost involved. That way, you have peace of mind when you have health insurance.
Changes in lifestyle have made people vulnerable to several health disorders. Nowadays, people are at an increased risk of developing health problems because of poor eating habits, hectic work schedules, and lack of exercise, among others. While there is a growing need to address all of these aspects within your lifestyle, it is also quite important to have a health insurance plan in place.
3. It Covers Pre and Post Hospitalization Expenses
The underlying objective of investing in health insurance is to have sufficient coverage for pre and post-hospitalization expenses. For instance, the policy will offer coverage for lab tests, OPD expenses, doctor’s fees, and much more.
4. You Get Income Tax Benefit
You can avail tax deduction on your health insurance premium (subject to prescribed limits) under section 80D of the Income Tax Act, 1961 and save tax.
5. There Are Additional Benefits as Well
You can also avail additional benefits when you buy a health insurance plan. These include coverage for day-care treatments, ambulance, health check-ups, to name a few.
It is important to safeguard yourself from unforeseen medical emergencies by buying health insurance. By investing a certain amount of money on the medical insurance premium on an annual basis, you ensure that you get quality healthcare and treatment if the need arises, and also safeguard your finances.
Care Health Insurance (Formerly Religare Health Insurance) offers comprehensive health insurance plans to its customers, including health insurance plans with maternity coverage, comprehensive health insurance plans for individuals and family, group health insurance plans, and more. With a strong network of 7400+ hospitals across the globe and a claim settlement ratio of 93%, health insurance plans by CHIL are the perfect way to secure your healthcare needs.