Is investment in health insurance worth it?

Today’s disrupted lifestyle has made it extremely difficult to stay healthy. In fact, most of the millennials today are suffering from diseases related to lifestyle. We all are aware that medical treatments cost a bomb. This makes it vital for everyone to invest into a suitable medical insurance plan. The benefits of health insurance in India cannot be overstated. Purchasing a health insurance policy can help you receive medical care without blowing up all your savings. Health care plans today offer much more than mere hospitalisation expenses.

Here is a little brief on the benefits of health insurance plans and why the investment might be worth it!

  1. Hospitalization expenses

Every health insurance plan covers cost of medical treatments in case the policy holder gets in an accident or incurs an illness.

  1. Day care facilities

Technological advancements in medical field has made it possible for medical procedures to be performed in less than 24 hours and hence they do not need you to be hospitalised. Nearly every health insurance plan covers day care expenses in their network hospitals.

  1. Cashless hospitalization facility

Most insurance plans that offer cashless hospitalisation policy for over 6600 hospitals in India. The claim procedure is fairly quick and easy and saves one from worrying about immediate cash arrangements at the time of a medical emergency.

  1. Room rent

Most reputated health insurance providers cover the room rent during hospitalisation. While some health insurance policies cover the entire cost of room, some of them cover only a certain percentage of total cost in current room rent. Read the fine print before purchasing the policy.

  1. Domiciliary expenses

The cost of domiciliary expenses is also a part of coverage in your health insurance plan. Special therapies like Unani, Ayurveda, Acupuncture and Acupressure are covered in your health insurance.

  1. Ambulance expenses

Health insurance plans are so planned that even your smallest needs are well taken care of. Cost of ambulance is also covered to ensure extra protection and peace of mind for policy holders.

  1. Tax benefits

Besides all the above mentioned benefits, the most important one to consider is the health insurance tax benefit offered by your insurance provider. These medical insurance tax benefits can be availed based on the premiums you are paying for health insurance plan for yourself, spouse, children and other dependents.

We are sure that now when you are aware of health insurance benefits, you would not wait to invest in a suitable health insurance policy for you and your family. If you are looking for a policy that covers you and your family at extremely affordable premiums, you can check out Health Suraksha by HDFC ERGO which offers all above mentioned facilities in addition to renewal bonus in terms of discount on premium for every claim free year.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before going ahead with the sales.

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