Why Choose Comprehensive Health Insurance?

Comprehensive Health Insurance is like a boon which keeps you and your family secured from several unprecedented events. Let’s look at various reasons why you should choose comprehensive health insurance?

Comprehensive health insurance- an essential cover for an individual as well as group

The individual has an option to be secured from several health hazards. And when the person is married the number of dependents increase. Hence, it becomes necessary for the person to ensure protection of his/her dependents as well. During such cases, the most viable option available is comprehensive health insurance.

The Family floater option of this coverage, covers the insured as well as his/her dependents against various health hazards.

Flexibility of options

One can select from an array of premiums & plans as per your convenience. For instance, choose a premium plan offering from Two Lakhs to Ten Lakhs as per your convenience.

No age barriers

One receives a policy with life-time renewal plans when you purchase one from a legitimate insurer. Also there are no age barriers to sign up for the policy. One can select from limited period plans for 1-2 year period.

Coverage of one’s pre-existing diseases

You get facility which covers pre-existing diseases based on the plan you opt for. Apart from that, one can receive concession of 10% on the particular 2-year policy.

Receive important extra benefits

Who does not like extra? With a comprehensive health insurance, you receive additional benefits like add-on covers which cover critical hospitalization costs along with free accommodation in the empanelled group of hospitals covered by the insurer. Also avail cashless claim facilities and treatment from reputable network of hospitals.

Save Tax

Tax saving forms an essential part of one’s life. And this policy helps to save tax as well.

The benefits are two-fold-

1)   You save tax as per Income tax rules.

2)   You’re liable to get further benefits from this plan.

Further are the kinds of income tax benefits one can receive under this policy-

·        Get yearly tax rebate at year end under Section 80C, Sec 80D and Sec 80E

·        Under Section 80D, you can avail premium amount rebate of maximum Rs. 15,000 yearly. For a person of 60 years and above, maximum limit is Rs. 20,000/ year.

·        If you’re paying your parents' medical insurance then you can also claim additional rebate of Rs.15, 000/ year as per section 80D.

·        If your parents are senior citizens, you get rebate of Rs 20,000.

P.S. -Your brothers, sisters and in-laws cannot benefit from the above rebates.

Inference-

·        Comprehensive health insurance helps people to save tax

·        It helps one to avoid higher treatment costs when faced by certain illnesses

Purchase of health insurance policies are generally overlooked even after marriage. However, one important thing to consider here is that it’s always better if a person buys comprehensive health insurance plan at an early age.

In this way you and your family will be guarded against higher financial costs of medical treatments if any.