Over the years health insurance has emerged as the most popular non-life insurance plan. Its growing popularity amongst users is attributed to the most basic but ignored worry of the common man. A sudden illness in the family or an accident can drain an individual out of his/ her savings of life. With a health insurance plan you can be sure of handling any health adversity challenging your family with ease. Moreover, the growing cost of hospitalization and no standard rate of treatment make health care an expensive affair.
The increasing market of medical insurance encourages Indian insurance companies to come up with additional and unique features in their plans. So you see plans that not only cover your hospitalization cost, but also give you cover on post hospitalization, individual plans offer discounts for family plans and renewal offer discounts too. Moreover availing a medical cover is getting all the more convenient now. It can now be done online by following few simple steps. This saves you a lot of time and the hassle that goes into documentation.
Health insurance plan brings you facilities like -
€ Cashless facility in thousands of hospitals all over India
€ Pre and post hospitalization charges reimbursement
€ Discounts on your premium paid every year
€ No medical tests up to a certain age limit-ranging from 45 to 55 years of age
€ Pre-existing diseases covered after continuous renewal of your policy for four consecutive years
Apart from lending you that benefit which it was crafted for, health insurance plans also affords you an excellent opportunity at tax saving. This is the most talked about benefit of medical cover and most often a major incentive why individuals tend to invest in one.
Previously Section 80D allowed Rs. 15, 000 to be claimed on the health insurance plan. But the recent revision allows you to claim Rs. 15,000 for the medical insurance of yourself and your family, plus an additional Rs. 15,000 for your parents.
To top this with additional benefits, some companies offer a special policy for parents if they are senior citizens. As per this scheme if one or both of your parents are senior citizens, then you can claim an additional 20,000 rupees. This means that you are eligible to claim a deduction of Rs. 35, 000.
There are plenty of products in the health insurance sector. Each of them has a unique feature to offer apart from the tax saving advantage. Depending on your need you can either opt for an individual health cover or get a medical cover for your entire family through the family health insurance policy.
The best way to settle for a medical cover is by consulting a professional. Also you can conduct your own little research on the internet and shortlist the products you are interested in. To get a better understanding of the scheme you can request for a customer care executive to call you back and clear all doubts. This helps you make an informed decision.
The increasing market of medical insurance encourages Indian insurance companies to come up with additional and unique features in their plans. So you see plans that not only cover your hospitalization cost, but also give you cover on post hospitalization, individual plans offer discounts for family plans and renewal offer discounts too. Moreover availing a medical cover is getting all the more convenient now. It can now be done online by following few simple steps. This saves you a lot of time and the hassle that goes into documentation.
Health insurance plan brings you facilities like -
€ Cashless facility in thousands of hospitals all over India
€ Pre and post hospitalization charges reimbursement
€ Discounts on your premium paid every year
€ No medical tests up to a certain age limit-ranging from 45 to 55 years of age
€ Pre-existing diseases covered after continuous renewal of your policy for four consecutive years
Apart from lending you that benefit which it was crafted for, health insurance plans also affords you an excellent opportunity at tax saving. This is the most talked about benefit of medical cover and most often a major incentive why individuals tend to invest in one.
Previously Section 80D allowed Rs. 15, 000 to be claimed on the health insurance plan. But the recent revision allows you to claim Rs. 15,000 for the medical insurance of yourself and your family, plus an additional Rs. 15,000 for your parents.
To top this with additional benefits, some companies offer a special policy for parents if they are senior citizens. As per this scheme if one or both of your parents are senior citizens, then you can claim an additional 20,000 rupees. This means that you are eligible to claim a deduction of Rs. 35, 000.
There are plenty of products in the health insurance sector. Each of them has a unique feature to offer apart from the tax saving advantage. Depending on your need you can either opt for an individual health cover or get a medical cover for your entire family through the family health insurance policy.
The best way to settle for a medical cover is by consulting a professional. Also you can conduct your own little research on the internet and shortlist the products you are interested in. To get a better understanding of the scheme you can request for a customer care executive to call you back and clear all doubts. This helps you make an informed decision.
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