If you were asked to fix a value for your life, what would it be?
The answer is certainly ‘priceless’! So why think when buying a health insurance policy?
Buying health insurance is not only to secure your finances but also for mental peace for you as well as your family. An unexpected hospitalisation can bring your savings from a six or seven-figure mark to a meagre three-digit amount. But not when you opt for a health insurance policy.
While the monetary benefits are elucidated by friends, family, and even financial advisors, there are psychological benefits too. Continue reading to know more about them –
Peace of mind
In an age where increasing population, stress, lifestyle ailments and there is adulteration in almost every food item, no health ailment is far away. Buying an individual or a family health insurance at such times ensures you stay at peace with the broad cover offered in terms of facilities to the policyholder and its dependents. You are sure about a backup plan that is going to take care of any unforeseen medical situations.
Health insurance companies offer different features for their different plans. But in case you feel your health insurance policy mightbeinadequate for a certain circumstance, you can load it with a top up health insurance. A few common features that are generally available across insurance companies are free annual health check-ups, online consultation with in-house doctors, and more after a certain period of time. Moreover, the annual health check-up facility includes a number of standard tests that are performed to monitor your health and take precautionary measures well in advance.
Not all who need medical aid are comfortable with allopathic medicines. Some prefer natural medical treatments like ayurvedic, or even homeopathy due to natural plant based ingredients and no side-effects. This has made the regulatory body include other forms like Ayurveda, Unani, Siddha and Homeopathy in health insurance plans. Now you can opt for these alternative forms of treatments under the AYUSH cover of your health insurance policy. The treatment needs to be undergone in a hospital accredited by Quality Council of India or the National Accreditation Board for Hospitals & Healthcare Providers (NABH)
Quicker disbursal of claims
Getting stuck in the hassles of clearing your claim? Gone are the days when processing your claim application took weeks or even months. New age digital application makes it quick and easy to file a claim and receive its disbursal straight in your account. Using a cashless facility, you can focus on recovery instead of arranging finances. The pre-authorisation from your insurer makes it easy for the hospital and your insurer to take care of the medical bills.
Along with offering coverage for health, your policy also has the benefits under the tax laws for payment of premiums. Tax benefits under section 80D are available in respect of premiums paid. These benefits are also available for top-up plans, super to-up plans or critical illness covers.
Remember, your health insurance policy is there to relieve you not only from financial stress but also any mental stress that can arise. Finally, it is a win-win situation, financially as well as psychologically when you buy a health insurance policy.