It is the fundamental right of every person to obtain at least the basic health amenities.  People should remember that they may be young and healthy but that does not make them invincible. A calamity can strike anyone at any given point of time. You need to be prepared to combat against any and every type of diseases.  Certainly, apart from being mentally and physically fit, you need to purchase a health insurance policy which will provide you the needed coverage and bear all your charges during the treatment phase.

While the reasons for an increase in the mortality rate and the decline in the general health of the individuals may be varied, there is no denying the fact that age groups are no barrier to determine whether or not an individual will fall prey to the medical ailments. Finance Wikki analyzed various facts about medical insurance policies in India and found there is no right time to buy a health insurance plan. The very moment you realize the importance of having a health insurance plan you should purchase it without any delay.

Ten reasons which make health insurance a must-have for everyone:

1. Health Insurance Policies are cost-effective investments

Once you have been diagnosed with a disease, be it chronic or mild, it is quite difficult to obtain a health insurance plan then. Hence it is highly recommended to own a health insurance plan before the crises strike. In case you do not have an Insurance plan, then it is a matter of few days before you go bankrupt bearing the treatment charges. You should choose such a health insurance plan which has a low premium amount and falls within your budget.

You can view the premium amount as an investment for your future where you can retrieve double or even thrice the amount when you are stuck in any crisis.

2. The insurance plans provide free health checkup

Another major benefit of availing a health insurance plan is that it provides you with a free health checkup once in every four to five claim-free years. Moreover, the policy providers ensure free checkups if the tests are being done in the hospitals they are present in partnership with.

3. It bears your entire treatment costs

If you do not have an insurance plan, you will certainly hesitate to go to the doctor for some general disease. However, what you do not consider is the fact that these small diseases later turn into serious ailments if they go unnoticed. Generally, people who possess health insurance plans are more likely to pay their doctor a visit before their condition goes downhill.

4. The health Insurance policies also bear Domiciliary Treatment

If an individual decides to obtain treatment from home, then the Insurance policies bear the domiciliary treatment charges. They also pay for the charges of an attendant. However, the policy providers have set up a limit within which they will extend this benefit.

5. It helps you to expand your network

These health insurance policies at times work in partnership with a varied number of renowned hospitals. If you have a health insurance plan then policy providers take it upon himself to guide you through the treatment process and convince you to get yourself treated from one of these renowned hospitals. Hence, once you purchase a health insurance policy your network expands.

6. You can now avail your required medicines without having to worry about the charges

These insurance plans provide coverage to the purchase of the medicines recommended by the doctors. In case you do not have an Insurance plan, you will certainly hesitate to buy rather expensive medicines, even when they are mentioned in the prescription.

Moreover, these medical insurance policies in India are quite flexible. In case your doctor recommends some medications which are not covered under your plan, you can simply ask your doctor to write a letter to your insurance company stating how it is necessary for you to intake and your insurance plan will certainly extend their coverage to the mentioned medications.

7. Provides coverage to the pre-existing diseases

The medical insurance policies in India provide coverage to even those diseases which you are diagnosed with diseases before applying for the Insurance plan. All you need to do is provide all the documents related to your medical ailments to your policy provider and then your health insurance plan will bear all the treatment charges related to that particular disease.

8. You can avail tax benefits with an insurance policy

These health insurance policies provide a number of tax benefits. As per the guidelines of section 80 D of the Income Tax Act, once you purchase a health insurance plan you can enjoy the tax benefits up to twenty-five thousand rupees per annum. Various other tax benefits are available for all age groups.

9. The medical insurance policies in India are quite flexible

These policy providers feature a number of plans for different age groups and categories. The type of plan for a salaried person is quite different than that for a self-employed individual. These plans are highly flexible and you can opt for one as per your own needs and convenience.

10. These health insurance policies also provide Convalescence Benefit

Convalescence Benefits or the recovery benefits are the benefits bestowed upon the policyholders according to which the Health Insurance Policy also bears the recovery expenses of an individual. The policy provider also pays a huge amount as recovery charges if the individual has been hospitalized for a prolonged period.

Unwanted situations may arise at any moment. With an insurance plan, you have nothing to worry about your treatment charges as your insurance policy covers it all. It bears your entire treatment costs, right from the charges of the diagnosing tests to the cost of some expensive surgery which you may be needed to undergo. Thus a health insurance plan is a must-have for everyone.

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Qualification: Post Graduate
Company: FinanceWikki
Location: Noida, Uttar Pradesh, IN
Member Since: 13 May 2019 | Total Posts: 1

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One Comment

  1. VIPAN KUMAR VERMA says:

    I RETIRED FROM FCI & AMOUNT OF ONE MONTH SALARY BP+DA WAS DEDUCTED FROM MY SALARY /RETIRAL DUES FOR CASHLESS TREATMENT AT AMPANELLED HOSPITALS IN INDIA AT CGS RATE UP TO RS.1.50 LAC FOR INDOOR & RS.16000/- P.A. SELF & DEPENDENT. IN ADDITION SOME CRONIC DISEASES ONE TIME TREATMENT UP
    TO RS.4 LAC . THEN NO NEED FOR ME

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