health insurance

A man’s health is the only real asset that he can count on. Most of us lead very hectic lives, trying to juggle between work and home. All the stress, travelling, long hours and irregular eating habits makes our lifestyle very susceptible to illnesses. A medical insurance or health insurance policy is a way to safeguard your health from the impact of illnesses as it helps reduce the financial impact as well as the mental stress associated with an illnessFollowing are the list of components of a good health plan:

Hospitalisation cover: This ensures that medical expenses incurred on hospitalisation for more than 24 hours are covered by the insurance company. This may include room charges as well as the money spent towards the surgeon, medicines and other tests.

Cashless claims: In a cashless claim, the hospitalisation expenses are directly settled between the hospital and the insurance company.

Tax benefits: An insured person can receive a tax exemption on the premium paid, up to a significant amount each financial year. This means that while he is safeguarding himself, he is also reducing his tax deductions and saving money on a portion of his income.

Pre & Post-hospitalisation expenses: Daily cash allowance and payment for treatments received prior to hospitalisation and during the recovery period are extremely beneficial, as the insured might not have an alternate source of income during those trying times.

Floater plans: Floater plans cover the entire family under one policy and allow the coverage of the medical insurance policy to be shared among the family members.

This is precisely why health insurance has become a necessity in today’s world. With a lifestyle where we do not get enough exercise and face the problems of pollution and stress, the number of people suffering from health problems is on the rise. Health care has also become very expensive and as such, it becomes difficult to bear the increasing costs of the doctor’s fee and hospital charges. These uncertainties make it even more important to procure a health insurance plan and maintain it regularly