*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
In this fast-paced world, we want to stay ahead of our peers. We want to have an extra edge over our competitors. Like it or not, we all are a part of this crazy race that makes every passing second precious. When it comes to performance, we want to ace our game. The cut-throat competition demands us to be physically, as well as mentally, fit. In order to survive, most of us tend to neglect our health.
Sedentary lifestyle, stress, poor nutrition, and more junk food takes a toll on our overall well-being. This is where health insurance acts as a savior. And with the health care costs sky-rocketing, a medical emergency can become a financial emergency, wiping out all the savings in one go.
Investing in a good health insurance plan safeguards your finances and makes sure that you get the best medical care in your hour of need.
A health insurance plan offers various benefits that provide much-needed support at the time of a medical emergency.
If you haven’t invested in a good health insurance plan yet, then consider these benefits:
As humans, we are highly prone to falling ill. At present, health care expenses are sky-rocketing and a medical emergency can shackle the foundation of your savings. Buying an adequate health insurance cover is a fool-proof way of strengthening your financial planning.
Different insurance providers offer different plans. You should zero down on a plan that fits your budget and fulfills your insurance expectations at the same time. Ideally, you should buy an insurance plan that offers sufficient insurance coverage.
Having an insufficient insurance coverage is far worse than having no insurance coverage at all.
If you wish to include your family, you can opt for a family floater health insurance plan, and cover your spouse, kids, and parents under the umbrella of a single health plan. There are some insurance providers that extend insurance coverage to even the parents-in-law.
A basic health insurance plan can be availed of by almost anyone. Below are the general eligibility criteria. It may differ from insurance provider to insurance provider.
The benefits of health insurance can be extended to a variety of situations. Regardless of the insurance provider, an insured person can enjoy most of the insurance benefits that are mentioned below:
Health insurance has a broad range of coverage and an equally diverse number of plans. Different insurance plans, such as like critical illness plan, personal accident insurance plan, senior citizen health plan, have a different set of exclusions.
Here are the basic exclusions of insurance plans that aren’t covered by any health plan.
Incurred Medical Treatment Expenses Arising Out of Terrorism of War
In an unfortunate situation, like that of terrorism or war, medical insurance coverage ceases to exist.
Hospitalization Due To An Act Of Self-Injury Or Suicide Attempt
In the event of an insured person inflicting self-injury or attempting suicide, no insurance coverage is provided.
Treatment for HIV/AIDS
Treatment expenses arising out of HIV/AIDS are not covered by a health insurance plan.
A health insurance plan is a must when it comes to safeguarding the well-being of your family and ensuring your financial stability at the same time. Before you finalize a health plan, make sure you compare various health plans, so that you can pick a plan that offers you the highest insurance coverage at the lowest insurance premium.
Disclaimer : *Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.