Health Insurance - Your Key to a Safer and Happier Life
Health insurance has emerged as one of the most important forms of financial security in recent times.
However, a number of people do not give it the importance it deserves.
In most cases, people think about health insurance only when they or someone close to them falls seriously ill.
Additionally, medical care is becoming more and more expensive with each passing day.
In the occurrence of a major illness, you might have shell out money from your hard-earned life savings to meet the cost of treatment.
This is where health insurance can come in handy.
Well, you need to know what exactly your insurance policy can do for you when you are in need.
Here are a few things you should look for when you buy a health insurance policy.
Whatever health insurance you choose, make sure it covers a considerable portion of your healthcare expenses during an emergency.
Apart from that, your insurance policy should have a strong network of cashless hospitalization all over the country.
Cashless hospitalization cover means that the insurance company takes care of all your hospital expenses covered under the policy without you having to spend a single rupee from your pocket.
A good health insurance plan should also reimburse you or pay for the regular medical services you engage during the policy period.
Some insurance policies also offer personal accident cover in light of an accident, permanent disablement or death of the person insured.
Lastly, insurance companies also offer something known as family floater cover.
Basically, when you opt for family floater cover, your entire family gets covered under a single insurance plan.
Every member gets cover of the total insured sum.
One advantage of the family floater cover is that its a single policy and hence you need to pay only one premium.
An added incentive to opt for a health insurance policy is the tax benefits you stand to get under section 80D of the Income Tax Act, 1961.
Also, thanks to numerous companies operating in the field of insurance, you have a lot of options to choose from.
Every insurance policy has its own advantages over its competitors.
It is essential that you pay close attention to different details to get the best possible policy.
However, a number of people do not give it the importance it deserves.
In most cases, people think about health insurance only when they or someone close to them falls seriously ill.
Additionally, medical care is becoming more and more expensive with each passing day.
In the occurrence of a major illness, you might have shell out money from your hard-earned life savings to meet the cost of treatment.
This is where health insurance can come in handy.
Well, you need to know what exactly your insurance policy can do for you when you are in need.
Here are a few things you should look for when you buy a health insurance policy.
Whatever health insurance you choose, make sure it covers a considerable portion of your healthcare expenses during an emergency.
Apart from that, your insurance policy should have a strong network of cashless hospitalization all over the country.
Cashless hospitalization cover means that the insurance company takes care of all your hospital expenses covered under the policy without you having to spend a single rupee from your pocket.
A good health insurance plan should also reimburse you or pay for the regular medical services you engage during the policy period.
Some insurance policies also offer personal accident cover in light of an accident, permanent disablement or death of the person insured.
Lastly, insurance companies also offer something known as family floater cover.
Basically, when you opt for family floater cover, your entire family gets covered under a single insurance plan.
Every member gets cover of the total insured sum.
One advantage of the family floater cover is that its a single policy and hence you need to pay only one premium.
An added incentive to opt for a health insurance policy is the tax benefits you stand to get under section 80D of the Income Tax Act, 1961.
Also, thanks to numerous companies operating in the field of insurance, you have a lot of options to choose from.
Every insurance policy has its own advantages over its competitors.
It is essential that you pay close attention to different details to get the best possible policy.
Source...