Christmas Special- Spread The Festive Cheer By Gifting Your Loved One's Health I

Posted by amrina alshaikh on December 22nd, 2019

In order to secure one’s future, a health insurance plan is a must. As a single individual, one must start investing in life plans. Health insuranceisthe wayto keep your family safe and fit.

Health insurance plans bonds a contract between the individual and the insurance company. This helps the person in securing their (as well as family’s) medical needs, day-to-day expenses and emergency costs. Health Insurance plan provides benefit to the individual for a desired period of time and on the basis of premiums made.

There are various benefits associated with an Individual Health Insurance like:

The single individual is entitled to all benefits of the insurance plan. Next, the person will get the profit of the total amount guaranteed during the term and not instalment payouts. As for individuals with greater or critical health risks, health insurance plans are a blessing. The other benefit of this plan comes with the inclusion of immediate family or parents. There are no restrictions on the age factor to individual health insurance plans and can be renewed anytime. One can claim the benefits of the plan anytime they wish to.

The Health insurance plan is most applicable for:

• a person with greater health risks and chronic ailments
• single breadwinners with insured family members
• individuals seeking profits over a total sum invested and not floating amount payouts.
• a person looking for better financial protection instead of nominee oriented plans
• best for settling a cashless claim

There are several key features of Health Plans for individuals:

• Only the insured individual will be covered by this kind of health insurance.
• Medical costs of an individual are covered by the provider. It is dependent on the premium paid.
• The policy covers the hospitalization of an individual in case of an emergency.
• One can avail the lifetime renewal offer of a policy.
• There will be tax deduction according to section 80D of the Income Tax Act.
• One’s surgery costs, rent, doctor’s fee and tests are also covered by Health Insurance Plans.
• When an insured pays the money for some health care services, it is called co-payment.
• An individual’s pre and post-hospitalization costs are also covered by the policy.
• There is coverage available for critical illness.

Buy health insuranceto make sure you do not fall short of financial resources when your family needs it the most. Get them the best of medical help and facilities with health insurance. This festive season we would like to recommend only one thing and that is getting health insurance.