Why should you invest in Heart Insurance?

• Written by Care Health Insurance

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In our fast-paced lives and hectic schedules, we often tend to take things for granted. Pushing ourselves to do better, stressing over things, irregular sleep patterns and unhealthy lifestyles are a few things that creep into our everyday lives. And unknowingly we almost tend to forget good health is one of the best gifts we have - respecting it and taking good care of it is crucial. 

There are a lot of things that you must do in order to meet your health goals; one of them is ensuring that you have a proper health insurance plan in place, especially one that also offers protection for your heart, in the form of a cardiac health insurance policy. The best thing about a heart plan is that even people who are suffering from cardiac issues have the prospect of buying it. 

Let us delve deeper into health insurance for heart patients and understand what it is all about. 

What is Heart Health Insurance?

As the name suggests, health insurance for heart patients is a health plan tailored for heart patients. In a heart or cardiac health insurance policy, there is a contract between the insured and the insurer. The insured pays a premium to the insurance company in exchange for which the company covers the expenses incurred towards the treatment of heart-related diseases. Mediclaim for heart patients is a plan specially curated to suit the insurance needs of such patients.   

Why Invest in Heart Insurance?

A healthy heart means a long and happy life, which makes an intelligently designed heart insurance plan an absolute must. The rising cost of healthcare makes cardiac insurance the best insurance for heart patients.  Apart from that, cardiovascular diseases can be very expensive to treat. As a fit person in their 20s or 30s, you may think that you do not require heart insurance, but here are some reasons why you should consider it: -

1. Increasing Risk of Lifestyle Diseases

Did you know in a year, around 17 million people lose their lives to cardiovascular diseases all over the world? What is all the more worrying is that over ¾th of these ailments are found in people living in low to middle-income countries1.

Other than this, because of the increasingly sedentary life that people are leading nowadays, lifestyle diseases are on the rise and to that end, everyone is susceptible to a certain extent. That is why a proper family health plan is very important in today’s time. The most common lifestyle diseases include cardiovascular diseases (CVD), stroke, obesity, cancer, and high blood pressure. Hence, the financial security of a heart health insurance plan is a must-have.

>> Check: Healthy Diet Tips for Improving Your Heart Health

2. Your Employer’s Health Plan is not Enough

Thinking that your employer/ group health insurance plan is adequate can prove to be a costly mistake. Thanks to the ongoing healthcare cost scenario, you would need to supplement it with a separate heart health insurance plan, as employer-sponsored health insurance does not offer customization options and may not cover all critical illnesses. Treatment costs can be sky-rocketing and the modest group coverage will leave you short-changed. Also, insurance will not be available once you quit your job or retire. That is why it is best if you choose a separate cardiac health insurance policy based on your requirements.

3. Low Premium at a Younger Age

The general thumb-rule of health insurance is that with age your health insurance premium also increases. If you plan to buy health insurance for heart patients post your retirement, you will have to pay an exorbitant amount as a premium. However, if you buy an insurance policy at a young age, you can get the advantage of lower premiums. Apart from this, it is also easier to pass the waiting period without any discomfort as you may not need to put in a claim for the conditions that have a waiting period. Generally, the older you are, the longer will be your waiting period.

4. Tax Exemptions

As per the Income Tax Act, Section 80D, tax benefits are available for people who are paying health insurance premiums. These benefits can go up to ₹ 1 lakh, however, they may vary depending on the type of policy and the age of the insured persons.

>> Check: Heart Diseases: Know the Types, Risk Factors, And Treatment

5. Financial Security

It is believed that the cost of mediclaim for heart patients in India might increase by 10-15% every year. This is another reason why you should invest in a heart health insurance plan. This way, if anything happens to you, you will be able to access top healthcare facilities, sit back and relax while your insurer takes care of the hospital bills. A comprehensive family health plan with the proper coverage for heart conditions or a heart plan is a smart way of ensuring peace of mind. 

The aforementioned reasons justify the importance of having a cardiac health insurance policy in place. Considering the ever-rising medical treatment costs, ensuring quality healthcare for heart related illnesses becomes sceptical if you are not backed by a solid financial support. Here comes Care Heart Mediclaim to your rescue, which is designed to cover heart-related ailments, including 16 heart illnesses. With a global coverage of up to ₹2 crores, you can rest assured that even in case of a medical crisis, you will have the financial back-up to deal with it. 

Disclaimers: 

Underwriting of claims for Heart Ailments is subject to policy terms and conditions.

The above information is for reference purposes only: Policy Assurance and Claims at the underwriter's discretion.

All plan features, benefits, coverage, and claims underwriting are subject to policy terms and conditions. Kindly refer to the brochure, sales prospectus, and policy documents carefully.