There is a very famous proverb: ‘health is wealth’. It means that the greatest wealth that anybody can easily have is their own health. However, changing times have changed the way we take care of this wealth. Even though the advancement in technology has made it easier for diseases to be detected quickly and treated early, basic healthcare is still not accessible to everyone.
According to a study by Lancet, India ranks at 145 among 195 countries in terms of access to healthcare. Added with the rising cost of healthcare, this inaccessibility can be painful for many. Therefore, it is advised to purchase a health insurance policy to tackle such problems. But what role exactly does the policy play in your life? * Standard T&C Apply
Read more to find out.
Provides a safety net for your loved ones
A medical emergency can take place suddenly and can happen with anyone. It could be your spouse, your child or your parents. It is important to invest in family health insurance to be able to provide good financial assistance to your loved ones during a medical emergency. Moreover, multiple family members are covered by a single policy, and it helps take care of major expenses related to hospitalisation and treatment for yourself and your loved ones. *
Protects senior citizens from unfortunate perils
As we age, the body’s immunity starts to decrease. This makes us more susceptible to diseases and leads to getting sick frequently. Compared to people below the age of 60, the treatment of senior citizens can be expensive. Even the cost of your health insurance increases if you want to include a senior citizen under its coverage. Therefore, it would benefit you to invest in health insurance for senior citizens. The policy helps in providing financial assistance specifically for people above the age of 60 and from the various illnesses they are susceptible to. *
Secures your life savings
One works hard to ensure that their loved ones are not deprived of the things they deserve the most. Things such as education, food, clothing and luxury are a few that everyone deserves. The savings that you create from your income help in guaranteeing that they get access to it. However, a sudden health crisis may require you to spend your life savings on the treatment and hospital-related expenses. Investing in a good health insurance policy ensures that your life savings remain untouched, and no financial burden is created. The sum insured under the policy takes care of the expenses, so that you will not have to shell out your hard-earned savings. *
Helps you save money
One major benefit that you can enjoy with health insurance is the tax deductions on the premium payments. Under Section 80D of the Indian Income Tax Act, you can avail deductions for the premium that you pay for the insurance. There are different ceiling limits which range from Rs.25,000 to Rs.1,00,000 depending on the type of policy you purchase and who it covers. *Tax benefit is subject to change in tax laws
Having health insurance in such times of uncertainty is a must for everyone. Be it for yourself, your partner and kids or your parents, investing in this policy is always a smart decision.* Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms and conditions, please read sales brochure/policy wording carefully before concluding a sale.