Important Reasons to Buy Health InsuranceBy Harshita Sehgal - 9 October 2019
Health is wealth but now air pollution, late hours, busy schedules and everything is contributing in making it worse. Also in a country like India where number of diseases are increasing and prices of healthcare are high, it comes a necessity to have a health insurance as it is a kind of insurance coverage that pays all your medical expenses. It reimburse the insured expenses for illness and injury. Since health risks and uncertainties are a part of life so health insurance is a backup at the time of medical emergencies.There are many types of health insurance plans so you can opt the one according to your preference. But we tell you why you must buy a health insurance
There are a lot of reasons to have a health insurance policy and one of them is our lifestyle which has made us more susceptible to to health disorders. The bad eating habits, hectic schedules , pollution and quality of food are some factors that increase the risk of health problems. In order to tackle any health emergency you must have a health insurance.
Buying a health insurance allows you to enjoy tax benefits, wherein you can claim the premium you pay as deduction from your total income under section 80D of Indian Income Tax Act. Individuals up to 60 years of age can claim a deduction of up to INR. 25,000 for the health insurance premium paid for themselves, or for their spouse or children.
A health insurance policy provide you a better coverage. The latest health plans being offered by companies give wider coverage which include day care procedure to maternity benefits, diagnostic tests and OPD expenses. You should also know that the medical policies not only cover the hospitalization costs but it also covers the expenses of diagnostic tests before and after a specified time as well.
Increasing medical costs
The cost of medical care has drastically increased. So in case of medical emergency, people spend their saving and earning which later affect them. It is suggested that health insurance helps in dealing the medical emergencies.
A person with health insurance gets some extra benefits as well such as: ambulance coverage, coverage for health checkups and coverage for surgeries etc.