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Ref. No. KLI/22-23/E-BB/492
A suitable health insurance plan is a wise decision to create a financial backup. Click here to know the reasons why you need to invest in health care now.
The current pandemic has shaken the world and highlighted the importance of good health and fitness. Apart from maintaining a good diet and regular exercising, a suitable health insurance plan is a wise decision to create a financial backup. Since most of the medical aids, procedures, and hospitalization costs are expensive, medical insurance can safeguard the lives of our loved ones without upsetting savings and other reserve funds.
The health insurance sector offers different plans like – an individual health plan, family health plan, senior citizens health plans, critical illness plans, corporate medical plans, etc., to help you choose the best option that would suit your needs and secure your financial planning.
1. Rise of Lifestyle Diseases
Our sedentary and technology-addicted lifestyle is a cause of many diseases like hypertension, diabetes, obesity, respiratory problems, heart issues, etc. Younger people are prone to such ailments because of their unhealthy living. Investing in a suitable health insurance plan will keep you assured of timely financial aid if, God forbid, any of the lifestyle diseases strike your health.
2. Family’s Well Being
Family health deserves equal care and attention. Pick a health insurance plan that would secure your family’s well-being. Insurers offer many lucrative family health insurance plans that cover all family members comprehensively under a single reasonable premium. The medical treatment cost of ageing senior citizens and other dependent family members can be quite high, which can impact your finances without a comprehensive health plan.
3. Rise in Medical Cost
The rise in technology has brought a phenomenal rise in medical costs also. And not just hospitalization; even a single medical consultation or diagnostic tests or an OPD procedure can burn a hole in your pocket. If not prepared, they affect saved finances and add to the stress. Timely investment in a medical insurance plan will beat the effects of medical inflation and help to restore the good health of self and loved ones.
4. Tax Benefits
To encourage investment in medical insurance, the government offers attractive tax benefits under section 80D of the Indian Income Tax Act. Apart from availing tax deductions on a medical policy of self/spouse or dependent children, there is provision for additional tax benefit on the medical policy taken for parents above 60 years.
5. Benefits for Young Buyers
In the wake of competition, many insurers offer lucrative benefits on medical policies like early-buy, yearly premium, etc. Understandably, investing in a medical plan at a younger age presents affordable premiums and added benefits. And younger policy buyers may not have to go through the hassles of health check-ups.
Purchase your health insurance policy online
Now that you know the benefits of buying a health care plan, make sure that you give your family the financial protection they need against medical emergencies and purchase a robust policy online.
When you buy a policy online, you can compare the policies from different insurers, and make an informed buying choice. Additionally, buying online is much cheaper compared to the traditional way of buying offline from an insurance agent.
Ref. No. KLI/22-23/E-BB/2435
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