What Makes Health Insurance Useful for You?

Importance of Health Insurance

Health insurance is an insurance product that’s designed to provide financial backup at the time of medical emergencies. It is the best way to prepare yourself financially for any type of health risk that may arise in the future. That is why buying health insurance is always a good idea even when you are in good health.

Helping you protect your finances against the high cost of medical bills, health insurance plans cover pre-hospitalization charges, post-hospitalization charges, diagnostic expenses, and offers a plethora of other benefits. Here’s why health insurance is useful for you: -

1.Covers Medical Expenses

The main reason why you invest in medical insurance is that you get the required medical care without straining your finances. Having a health insurance policy is extremely useful because it covers hospitalization expenses and pre and post hospitalization expenses such as providing coverage for lab tests, OPD costs, doctor’s fee, and much more. This way, you get to focus on your recovery rather than fretting about the high cost of medical bills.

2. You Get Additional Benefits

A health insurance policy also covers for ambulance charges, alternative treatments, day-care procedures, health-check-ups, and much more. In addition to all this, you also get the benefit of lifelong renewability.

3.Access to the Best Treatment

If you have a health insurance policy that provides suitable coverage, you will not have to compromise on your treatment. You can easily overcome health concerns by availing the best treatment when you have health insurance.

4. You Get to Avail Tax Benefits

You also get the tax benefits when you purchase a health insurance plan. The medical insurance premiums that are paid towards your health insurance are eligible for tax deductions as per Section 80D of the Income Tax Act, 1961. 

>> Check: 5 Questions to Ask Insurance Company Before Buying Health Insurance

5.Offers Financially Stability

You will no longer have to use your savings to take care of emergency medical expenses. When you have a health insurance policy, you get to be financially stable at the time of illness. This helps reduce financial distress during a medical exigency.

6.Critical Illness Cover

Another benefit of going for a health insurance plan is that you get critical illness cover for the treatment costs associated with life-threatening diseases.

Bottom-Line

These factors easily point to the fact that having the best health insurance plan is extremely beneficial. There are many customized health insurance plans that one can buy according to the health needs of the person and their family, such as health coverage for senior citizens, maternity cover, personal accident cover, and so on.

Care Health Insurance offers comprehensive health insurance that comes with benefits like 21,100+ cashless healthcare providers, 2-hours cashless claim processing, and 95.2% claim settlement ratio for quick claim settlement. With CHIL, you can get health insurance plans for family, senior citizens, maternity and new-born cover, and more.

 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.