This Is Why Health Insurance Benefit Is So Famous!

We leave behind income at every moment. But where is the guarantee that we will spend well in the coming days with the income that we will make? The first thing we need to do to get an answer to this relevant question is health insurance. We need to do this with our health in mind. There is a saying "Jan hai to Jahan hai" - which is exactly the time for each of us to have health insurance benefits for ourselves.

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Health Insurance Benefits:

The biggest benefit of health insurance is that you can be sure of your savings in case of an emergency. This means that the amount of money that you have saved little by little throughout the year will not be affected if you have health insurance.

Nowadays the cost of treatment, the cost of tests, the cost of surgery have increased a lot. That's why if you or someone in your family is seriously ill, the money you save on your savings will be spent right away. It will make you face a difficult challenge. To get rid of all this, health insurance will help you as a blind stick.

Cashless benefits

How many hospitals have a network with your health insurance company? Which we call Network Hospital in the language of health insurance. You will receive Cashless Treatment through these network hospitals during your emergency if you have health insurance. But one thing you need to know here is that the number of benefits of this castle will depend on what kind of health insurance you are doing and how much money you are taking out a health insurance policy.

The advantage of starting a policy at an early age

Starting a health insurance policy when you or your family members are younger will reduce your policy amount. In that case, the waiting period is less likely to get sick at an early age, so you can cover it effortlessly.

Solve problems because of your lifestyle

Currently, many people can read it viral because of Covid-19. Or you may have neck or spine problems to work online for a long time or if you need maternity treatment you can easily get relief from hospitality costs if you have health insurance.

Tax deduction

If you have health insurance, you will get an income tax deduction of up to Rs 25,000 as per the old rules of income tax as per Section 80D of the Income Tax Act.

 Check these points  before buying your policy:

Inclusion and Exclusion Health Insurance Benefits:

When you buy your health insurance policy, make sure that there is a network hospital near your home. And see if Cashless has the advantage. You will see the cost before and after admission to the hospital, whether that cost will be borne by the company.

The cost of pre-admission to the hospital is the cost of various tests, doctor's visits, physio, etc. Its duration is 30 to 60 days. This means that you will see if the company will cover the cost within 30 to 60 days before you are admitted to the hospital.

 Not only this, with the help of this medicine you will be able to cover all the expenses incurred after your discharge from the hospital. The cost of post-hospitalization costs is approximately 60 to 180 days.

You will also see if there are daycare facilities, ambulance facilities, etc. when buying health insurance. You must check to see if there are any hidden costs in the policy. You will see if there is any co-op in the term and conditions of your policy, how much room rent is available, top-up, super top-up if these facilities are available.

Learn about pre-existing diseases and waiting periods

First, let's talk about pre-existing diseases. Pre-existing disease refers to the disease that affected you 48 months before you started your policy. If you are infected and you buy the policy in secret, your claim will be rejected if it is caught during the treatment. According to IRDA guidelines, if you already have a pre-existing disease, you will get coverage five years after the start of the policy.

Another issue is the waiting period. You need to keep in mind that the waiting period is different for different illnesses. And the premium varies depending on the disease.

No Claim Bonus Benefit:

Before you take out a health insurance policy, make sure you have a no-claim benefit. No claim bonus is - let's say you start a policy and go with a regular premium. But did not spend in two years. In that case, you will get an additional 10 to 20 percent extra coverage. Many times you will also get the opportunity of a free check-up as a bonus. That's why before making a policy, you need to know whether there are No Claim Bonus Benefits or not.

Related post: Health Insurance Can Decrease Your Tension

Here are some things to look for when purchasing a policy from a company:

When you buy a health policy from a company, look at the claim settlement ratio of that company. This claim ratio refers to the number of claims passed by the company in the last year. If the claim settlement ratio of a company is more than 80%, the acceptability of that company can be considered sufficient.

Question and Answer

"Does a Health Insurance Coverage A Family of People for Covid-19?"

Yes. Now, due to Covid-19, there is a family with four members health insurance coverage policy is available for such families. You can buy that kind of policy for your family.

"What is the name of the health policy introduced after Covid-19 and what is its coverage amount?"

IRDA has brought two policies for Covid-19 in the future. One is the "Corona Kavach Policy" and the other is the "Corona Rakshak Policy".

The first has coverage of 50,000 to 500,000. And in the second you can get coverage from 2.5 lakhs to 5 lakhs.

Conclusion

Nowadays, people are getting health insurance due to lifestyle changes, new diseases appearing and the cost of treatment has gone up. But you are deprived of the health insurance benefits because you do not have a clear idea of ​​which company you will buy the policy from in the market. That's why you should invest in an important issue like health so that your investment does not fail.