Accidents can occur anywhere, at any time. It is necessary to take care of oneself and one’s family. One such measure is a family health plan, which is imperative today. A family of four usually requires routine checkups, occasional medical treatments, and adequate savings for unexpected medical bills. Health insurance is the ideal protection for a family against all these occurrences.
The Significance Of Medical Insurance
- Without health insurance, paying for urgent medical needs will be difficult or impossible.
- Compared to people with health insurance and illnesses, those without insurance and suffering from diseases are more likely to experience morbidity.
The younger generation is living an unhealthy lifestyle, and stress levels are rising. The ideal thing they can do to protect their health is to purchase health insurance. Purchasing health insurance plans for family will provide peace of mind regarding your family’s health and well-being. We all wish our families to be safe. Senior citizens can opt for Bajaj Allianz senior citizen health insurance.
The benefits of health insurance must be balanced. The cashless network feature permits the person insured to concentrate on their recovery while the insurer takes care of the network hospital’s medical bills.
Lifestyle Diseases
Everybody has a busy schedule that doesn’t allow for much exercise but is full of stress and unhealthy eating habits. These problems raise the chance of lifestyle diseases, which are more costly to treat and can be fatal than common infectious diseases. While maintaining a healthy diet and regular exercise are essential, health insurance will help cover any unexpected medical expenses for a family member.
Health Insurance Offers A Lot
Contrary to popular belief, health insurance does not cover significant illnesses and surgeries. A quality health plan includes:
- Hospitalization-related pre- and post-expenses.
- Provides options for both single and family floaters.
- Need for an ambulance on-demand.
- Procedures for day care.
- Doctor’s Fees.
- Charges for Operation Theatre.
- Expenses incurred for medicines.
- Medical Examinations.
- Includes coverage for costs associated with being admitted as an inpatient, including room and board, diagnostic tests, nursing care, and ICU stays.
- Provides cumulative bonus.
- Offers AYUSH Benefits, which pay for Ayurvedic, Homoeopathic, Unani, and Siddha treatments.
Employer Coverage Is Insufficient
Relying exclusively on your employer’s health insurance is not an intelligent move. Most have inadequate coverage; you can only get them if you work for the company. Even if your employer’s health insurance covers you, it is advisable to purchase your insurance. A family insurance plan helps to protect every one of your loved ones.
Tax Advantage
Policymakers are permitted to deduct their medical expenses from their taxes. Early health insurance purchases can help you take advantage of Section 80D of the Income Tax Act’s tax benefits. The money that is saved can be reinvested in a health insurance top-up plan or used for other beneficial purposes for the family members.
Collection Of Higher Bonuses
For not filing a claim during the policy year, Indian health insurance companies award their policyholders a cumulative bonus on the total amount insured, a premium concession, or a combination of the two. The policyholder can get bonuses every year without a claim.
Subscribe to Bajaj Allianz General Insurance YouTube Channel here!
Standard T&C Apply
Tax benefits are subject to change in prevalent tax laws.
All savings are provided by the insurer as per the IRDAI-approved insurance plan.
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.
