Choose The Best Health Insurance For Yourself & Your Family Made Easy - Reasons, Criteria & Types

According to the World Health Organisation, around 32% of hospital admissions in urban India are financed by loans and/ or sale of assets. Also, close to 48% of hospital admissions in rural India are financed by these same sources. Even in this time and age, there is a very negligible share of health insurance that contributes to any of these expenses. According to the same statistics, over 70% of Indians spend their entire income on health care. If we look at the poverty line, 3.2 % of Indians tend to fall under it only as a result of high medical expenses.

Health insurance is not just a way to cover your medical expenses but to pay for skyrocketing fees of numerous doctors, physicians and surgeons that are covered under your health plan. You will be able to bear the costs of expensive ambulances and hospitalization charges as well.

Do you know that there are post hospitalization expenses that include doctor visits, tests and diagnostics, medicines and various medical treatments? All of this is covered if you have a good health insurance plan for yourself and your family.

Following Is A List Of A Few Benefits Of Having A Health Cover / Health Insurance In The Current Scenario:

1. Cashless Treatment

   You don't have to dig deep down into your pockets to cover the cost of your treatment. Star health insurance Chandigarh is going to work in collaboration with hospitals to provide you the best and cashless medical treatments.

2. Affordable Medical Checkups

   All your medical checkups and tests will become even more affordable than they already are. You also get the facility of free health checkups that are guaranteed with some of the most reputable health insurance companies in India.

3. Transportation Charges Are Covered

   A great health insurance policy is also going to cover all your transportation charges / expenses which you have to pay to the ambulance for frequent commutes across the city.

4. No Claim Bonus

   This is also a benefit that nobody talks about. It is actually a bonus amount that is paid to the insured individual if there has been absolutely no claim for any health treatment in the previous year.

5. Tax Benefits

   This is a very obvious benefit of getting a health insurance cover for yourself and your family. Every premium that you pay on your health insurance is tax deductible. The section 80D of the Income Tax Act applies here.

   Do you know that under section 80D of the Income Tax Act, a premium amount of up to INR 25,000 is tax deductible? If you have purchased a health insurance policy for your senior patients, an amount of INR 50,000 is tax deductible.

6. Room Charges Covered

   The charges for accommodation / room that you have occupied will also be covered in your health insurance policy. Of course this is going to depend on the premium being paid by the insured individual.

7. Cover For Pre / Post Hospitalization Charges

   You are covered here for up to the period of at least 60 days by the most highly recommended health insurance policies available in the market. This will include all the pre and post hospitalization costs that you may have incurred or are about to incur.

   Having An All-Encompassing Health Insurance Policy In India Goes With Your Modern Lifestyle

   In the present time and age when you are distraught due to the events of the past year and are leading a stressful life, you do not have time for yourself or your health. Buying a health insurance plan proves to be a sensible decision because there are plenty of medical conditions such as diabetes, high cholesterol, hypertension / blood pressure and several other stress-related disorders that just go unnoticed. Off late all of these problems have become quite prevalent in the country and they have highlighted the need for investing in a good and reliable health insurance plan.

   Understanding The Eligibility Criteria For Buying A Health Insurance Policy In India

   If you are under the age of 45 years, you are not required to go through a compulsory health check up. You can obtain a health insurance policy rather easily. However, you are required to disclose any pre existing health conditions such as hypertension and diabetes beforehand.

Various Types Of Health Insurance Policies That You Can Invest In Today

• Individual health insurance
• Family health insurance
• Surgery and critical illness insurance
• Senior citizen health insurance
• Personal accident plan
• Maternity health insurance policy
• Unit linked health plan

One of the earliest and the most reputable pioneers of health insurance, Star Health & Allied Insurance Co. Ltd. is known for being India's first and foremost stand alone health insurance provider. The brand that has become synonymous with comfort and convenience, high degree of personalization, trust and quality healthcare / medical services is Star Health Insurance. The one thing that has made this company a highly preferred choice of families, individuals and organisations alike is the low amount of premium one has to pay to get a reliable and high quality health cover.

To know more about what Health insurance policy or Life insurance policy suits you and / or your family/ dependents the best, click here.

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