Today, everyone seeks mental tranquilly. It’s been said that when your heart is content, your intellect will follow. A suitable insurance policy gives the person stability, happiness, and peace of mind by providing security against any unanticipated events. When one obtains insurance coverage, he receives several benefits of health insurance; he is protected against financial loss resulting from situations such as accidents, health crises, and natural disasters.
Let’s understand what is health insurance. Health insurance is a type of insurance that takes care of medical expenses that arise due to an illness
When you need money, having a complete health insurance policy at your side will protect you. The financial advantages of having health insurance are generally known; now let’s examine the psychological advantages it offers the covered.
It takes work and commitment to overcome the difficulties of stress, the temptation of bad meals, and avoiding a sedentary lifestyle. As a result, many people find it difficult to continue with a healthy routine.
- Peace of mind
There are many unknowns in life, and nobody can predict what will happen next. Furthermore, chronic sickness or other medical expense is never far away in our age of increased stress, contaminated foods, and pollution, as well as growing pollution. You can rest easy knowing that whatever occurs, there is a backup plan in place that will protect you from any unpleasant event, at least financially, thanks to the medical coverage that an online health insurance policy offers.
- Tax benefits
If you manage your money well, purchasing insurance makes sense. Under Section 80D of the Income Tax Act, the government offers tax benefits to the taxpayer on the premium amount that he pays for health insurance coverage. For those under the age of 60 and for seniors, this tax deduction is worth 25,000 and 30,000, respectively (above 60 years of age). Additionally, similar advantages are available on critical sickness covers, super top-ups, and health top-ups. **
- Value-added services
The majority of plans have appealing features that go above and beyond the fundamental benefits of health insurance. Online consultations with medical professionals, e-consultations, and free health checks are frequently offered services in this area. In contrast to the free check-ups, which include a variety of tests like blood grouping, fasting blood sugar, and cholesterol levels, specialist consultations include one follow-up session. *
- AYUSH treatment
There are certain persons in the population who choose the all-natural treatments provided by homoeopathic or ayurveda medicines over allopathic ones. Ayurveda, Unani, Siddha, and Homeopathy (AYUSH) treatment is typically provided by insurers, making health insurance a complete solution for individuals who feel the need for it. *
Suppose you received treatment in a government hospital or institution that has received accreditation from the Quality Council of India or the National Accreditation for Hospitals & Healthcare Providers. In that case, you may be eligible for medical coverage for AYUSH treatments (NABH). *
Faster claim processes
The time when processing claims took a very long time is long past. Today, an admissible claim is paid within a few days of the claim submission date. This is true for reimbursement claims; nevertheless, cashless claims are processed considerably more quickly. The acceptance or rejection response is issued within a few hours of receiving the pre-authorisation request from a network hospital and the filled information and supporting papers. Not only that, but some businesses also charge a cash penalty if the response is delayed over the allotted period. *
In the modern environment, a variety of serious circumstances might result in serious illnesses and medical disorders. It might be consoling and reassuring to know that you are protected from such a terrible circumstance, not just for you but also for your family.
* Standard T&C Apply
** Currently, there are 2 tax regimes in India – new and old. To get the tax benefit you desire, choose the correct one after consulting an expert. You can opt for a regime change during the next financial year.
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.