Importance Of Health Insurance In India

One of the best gifts that you can buy for your family this year is health insurance plan that safeguards the health from unwanted diseases, short-term and long-term illnesses, accidents, etc. It helps you live tension free when the medical expenses are exponentially getting high day by day. The benefit of health insurance is hidden to none. Still, some (youngsters) purchase health insurance plans in India to get exempted from the tax slab. People avoid buying health insurance individually as they think their corporate coverage is enough to save them from the tragedies. Instead, they need to understand some of the importance of personal health insurance plans that are listed here:

● Cashless facility: At the time of an accident, the financial arrangement is the last thing you want to worry about instead getting the treatment as soon as possible. Such a facility gets availed by the insurance policy in which cashless treatment is provided to the insured person. The insurance provider takes care of the medical expenses as a part of coverage promised to you against the policy you have purchased. This facility helps a patient live without worry and get a quick recovery. When buying an insurance plan, check the network hospitals if your local hospital is included in the list or not.

● Convalescence benefit: Some of the health insurance plans in India avails the facility of convalescence benefit. Under this polity, insurance providers offer a daily amount for each day of the hospitalization. This perk gets credited to you regardless of the actual amount spent daily; there is no fixed limit you need to spend to get the convalescence benefit. You are eligible to get benefits of this plan only when you stay in the hospital for a bracket value of the number of days as fixed exclusively by different companies. In case you jump the number of days as stated in the contract book of a company, a lump sum amount is paid to you.

● It safeguards your finances: A good health insurance policy that you choose after days of research helps you with sufficient coverage to get stabilized when the source of income gets stopped. It doesn’t let you dig into your savings. The services offered by your corporate never seem fulfilling when you face the real condition of poor health. Moreover, buying individual or family floater plan gives you a self-satisfaction as the fear of job switch terminates your insurance contract too.

Knowing the vast importance of health insurance plans in India, now you can give a head to why buying health insurance is going to benefit in many ways you never considered before. But, the next thing that is going to bother you in choosing the best insurance plan is the brand selection. We advise you not to go after the friends’ or relatives’ plans, as the medical cases are different for different person. Buying health insurance plan from Religare avails you the many facilities that every insured person will advise you to look in a company when buying Medicare plan.