Health Insurance Plan

Health Insurance Plan is a type of insurance service that covers your medical expenses.
 

WHAT IS HEALTH INSURANCE?​

Health insurance is an insurance product that provides coverage for expenses in the event of an illness or injury. It can safeguard you from spending your hard-earned money on medical expenses. A health insurance policy can also be viewed as an agreement between you and your insurer. Here, the insurance company covers you financially in case of any medical emergency.

There are several types of health insurance policies in India. Choosing the right policy is necessary so that you can relax when it comes to paying hefty medical bills. Not only do you get covered for the treatment cost with your policy, but you may also get other health insurance benefits such as cashless treatment and quality healthcare at a reputed network hospital.

Up to 70% of Indians are paying for health expenditures out-of-pocket.

Health

WHY WE NEED FOR HEALTH INSURANCE PLAN IN INDIA?

A health insurance policy is a contract between an insurer and an individual/group in which the insurer agrees to provide the specified health insurance cover at a particular premium subject to terms and conditions specified in the policy. You can also check out the various health insurance quotes online to know which one is most suited to your budget.
Here are 7 reasons that will make you understand the importance of having the right health insurance plan:

1. Rising Healthcare Costs: Healthcare costs in India are increasing rapidly. A health insurance plan provides financial protection against unexpected medical expenses, ensuring that you don’t have to bear the entire cost of treatment out of pocket.

2. Access to Quality Healthcare: With a health insurance plan, you can access quality healthcare services without worrying about the financial burden. This includes hospitalization, surgery, diagnostic tests, medication, and more.

3. Medical Emergencies: Unexpected medical emergencies can arise at any time. Having health insurance ensures that you are financially prepared to deal with such situations without having to dip into your savings or borrow money.

4. Preventive Care: Many health insurance plans offer coverage for preventive care services such as regular health check-ups, vaccinations, and screenings. These help in early detection of health problems and can lead to timely treatment, reducing the risk of serious health issues later on.

5. Tax Benefits: Premiums paid towards health insurance plans are eligible for tax deductions under Section 80D of the Income Tax Act, providing additional financial benefits.

6. Critical Illness Coverage: Health insurance plans often provide coverage for critical illnesses such as cancer, heart disease, stroke, etc. These illnesses can result in significant financial strain, and having insurance coverage can help mitigate this burden.

7. Peace of Mind: Perhaps most importantly, health insurance provides peace of mind knowing that you and your family are financially protected against unexpected medical expenses. It allows you to focus on your health and well-being without worrying about the financial implications of medical treatment.

WHAT ARE THE DIFFERENT TYPES OF HEALTH INSURANCE PLAN?

Purchasing a health insurance policy holds significant importance. However, there are instances where individuals hesitate to make this investment. Frequently, confusion arises amidst the array of available health insurance options.

Selecting the appropriate health coverage tailored to one’s needs is paramount when purchasing a policy. Various types of policies are accessible for consideration before making a decision.

One form of coverage is individual health insurance, which can be obtained either for yourself or for a family member. If safeguarding your health is a priority, opting for an individual insurance plan is advisable. Our insurance plans offer the convenience of cashless treatments at over 18,400+ network hospitals

Families can also choose individual health insurance plans, wherein each family member is provided with a separate sum insured. This arrangement ensures that every member has adequate coverage, offering them reassurance and peace of mind.

Shield yourself from unforeseen accidents’ financial repercussions with a personal accident policy. This type of plan covers bodily injury, death, or disability resulting from mishaps.

Noteworthy features of Personal Accident Insurance include:

– Coverage up to ₹ 25 Crore
– Family protection
– Children’s education bonus
– Additional benefits like Adventure Sports Benefit, Accidental Hospitalisation, Coma Care, Fracture Care, etc.

Scroll to Top