Medical Insurance Plans For a Safe and Secured Healthy Life

As the proverb says “Health is Wealth”, Health Insurance is essential for every person. The increasing medical cost owing to our lifestyle and accidents can hit any person both mentally and finically. So, it has become mandatory to buy a health insurance to safeguard your family and you from unforeseen medical expenses. 

Generally, the Financial advisors advise to purchase a health plan early in life. This will help you to reduce the premium amount. Furthermore, a health insurance policy is one among the best ways to protect the whole family. Though you may feel health insurance an unnecessary expense, when you have a deeper look, you will understand how health insurances benefit you in several ways and protect you from a huge finical loss. 

Some of the benefits of buying best family health insurance 


Medical insurance plans | Image Resource: quora.com

First and foremost, benefit of purchasing a health policy is the best ways to protect your health against the increasing healthcare costs. Let us see a few reasons to buy a health insurance policy for you and your family

• Insurance Coverage

A medical insurance policy provides coverage against medical insurance. You can opt for a health insurance policy that insure you and your family with a fixed sum. You need to pay premiums in certain intervals such as quarterly, half early and annually.  The insurer will pay the medical expenses based on the policy coverage and sum of insured. 

• You can Avail Policies based on your income and Needs

Owing to the rapid growth of the insurance industry in India, anyone can avail health insurances based on his or her income and requirements. The industry is coming with latest products that meet the requirements of the customers. For this reason, it is and easy task for the customers to find out the health insurance policies that suits your health and needs.

• Tax Benefit

Avail tax benefits as any health insurance is eligible for tax deduction under Section 80D of the IT Act. It privileges you to claim for tax benefits up to Rs. 25,000 that you pay for the premium of health insurance in a year. In addition to that if you include your senior parent or parents you will get and additional of Rs. 50,000 tax benefits. 

In addition to the above-mentioned benefits, several insurance companies offer riders like critical illness coverage, maternity cover, accident cover, etc. with an extra payment on premium. You can opt for such riders to increase the scope of your Medical insurance plans and enjoy a healthy life. 

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