Most people need medical care at some point in their lives. With the medical costs surging by the day, a medical emergency can easily erode a person’s entire life’s savings. Even if a person is young and healthy, the chances of a medical emergency cannot be ruled out. For this reason, it is important for every individual to be financially prepared to handle medical emergencies. And the most effective way to do so is to buy a health insurance policy.
These days, most insurance companies offer health insurance online. Here are some of the key benefits of having a health insurance policy -
1.Financial Security
In the absence of health insurance, the onset of a sudden illness can spell financial ruin for an individual. Most of the major operative procedures are quite expensive. An open heart surgery, for example, can set a person back by Rs. 2,00,000. Even a simple hospital stay can burn a hole in one’s pocket. Purchasing a health insurance policy will safeguard a person’s finances.
2.Best Medical Care
Due to non-affordability, many people have no choice but to settle for average medical care facilities. In some cases, they may completely forego the treatment as they can’t afford to pay high medical bills. Health insurance policies provide people an easy access to the best medical care. This proves to be very helpful when it comes to helping a person overcome an illness.
3.Preventive Care
Most health insurance policies cover annual checkups and preventive care. The data suggests that people with health insurance policies are more likely to go for annual checkups. Annual checkups and diagnostic tests can significantly increase the chances of detecting health problems early when they are easily treatable. Most illnesses, when detected early, are less expensive to treat. This will also make it easier for an individual to stay healthy and fit.
4. Tax Benefits
Although this aspect shouldn’t be the driving force when it comes to buying a health insurance policy, it is important to know that a health insurance policy offers you tax benefits. Under Section 80D of the Indian Income Tax Act, you’re eligible for tax deductions for any payment made toward the health insurance premiums.
With all these benefits, it is not difficult to conclude that it is important for every individual to purchase a health insurance policy. In today’s age of internet and technology, a person can easily buy health insurance online. The insurance companies offer many types of health insurance policies. Keeping in mind your age, income and other important factors, you can easily opt for the right medical insurance online.
1.Financial Security
In the absence of health insurance, the onset of a sudden illness can spell financial ruin for an individual. Most of the major operative procedures are quite expensive. An open heart surgery, for example, can set a person back by Rs. 2,00,000. Even a simple hospital stay can burn a hole in one’s pocket. Purchasing a health insurance policy will safeguard a person’s finances.
2.Best Medical Care
Due to non-affordability, many people have no choice but to settle for average medical care facilities. In some cases, they may completely forego the treatment as they can’t afford to pay high medical bills. Health insurance policies provide people an easy access to the best medical care. This proves to be very helpful when it comes to helping a person overcome an illness.
3.Preventive Care
Most health insurance policies cover annual checkups and preventive care. The data suggests that people with health insurance policies are more likely to go for annual checkups. Annual checkups and diagnostic tests can significantly increase the chances of detecting health problems early when they are easily treatable. Most illnesses, when detected early, are less expensive to treat. This will also make it easier for an individual to stay healthy and fit.
4. Tax Benefits
Although this aspect shouldn’t be the driving force when it comes to buying a health insurance policy, it is important to know that a health insurance policy offers you tax benefits. Under Section 80D of the Indian Income Tax Act, you’re eligible for tax deductions for any payment made toward the health insurance premiums.
With all these benefits, it is not difficult to conclude that it is important for every individual to purchase a health insurance policy. In today’s age of internet and technology, a person can easily buy health insurance online. The insurance companies offer many types of health insurance policies. Keeping in mind your age, income and other important factors, you can easily opt for the right medical insurance online.
