We think of investing, purchasing our dream house, that piece of jewellery or purchasing a big car, but do we remember our health in the midst of this? Health insurance is one of the essential needs of today. With soaring medical expenses, there is an ever increasing requirement of sufficient funds.
For most of the people, it is even difficult to meet the daily expenses. It is important to be practical and prepare for times that may be unwanted or sudden in nature. This is the reason health insurance is crucial to one’s life and therefore, the earlier one purchases it, the better it is.
What are the benefits of purchasing a health insurance plan? There are many besides it being tax saving in nature. For example, when a person falls ill and has to be hospitalised, the health insurance covers for the expenses incurred. This is the most urgent time when people may run out of money, however, with a health insurance plan, one does not have to worry. Besides, the insurance also takes care of his or her recovery expenses which is called as convalescence benefit. There are a few policies which may also cover for an extended stay at the hospital.
The other advantages for keeping your loved ones insured for health include attendant allowance. These are expenses covered for adults who may be looking after a child who is hospitalised. If there is a transplantation surgery, the insurance provider cover for the cost of the same. Besides, a few may cover for the expenses incurred by the donor of the organ. Some insurance providers also cover domiciliary treatment of the insured. With the occurrence of critical illnesses, there are insurance companies which provide lump sum for them as well. Aegon Life, Bajaj Allianz, and ICICI Lombard are some of the health insurance providers in India.
Must watch video on health insurance:
For most of the people, it is even difficult to meet the daily expenses. It is important to be practical and prepare for times that may be unwanted or sudden in nature. This is the reason health insurance is crucial to one’s life and therefore, the earlier one purchases it, the better it is.
What are the benefits of purchasing a health insurance plan? There are many besides it being tax saving in nature. For example, when a person falls ill and has to be hospitalised, the health insurance covers for the expenses incurred. This is the most urgent time when people may run out of money, however, with a health insurance plan, one does not have to worry. Besides, the insurance also takes care of his or her recovery expenses which is called as convalescence benefit. There are a few policies which may also cover for an extended stay at the hospital.
The other advantages for keeping your loved ones insured for health include attendant allowance. These are expenses covered for adults who may be looking after a child who is hospitalised. If there is a transplantation surgery, the insurance provider cover for the cost of the same. Besides, a few may cover for the expenses incurred by the donor of the organ. Some insurance providers also cover domiciliary treatment of the insured. With the occurrence of critical illnesses, there are insurance companies which provide lump sum for them as well. Aegon Life, Bajaj Allianz, and ICICI Lombard are some of the health insurance providers in India.
Must watch video on health insurance:
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