Why is health insurance necessary? If you are young and healthy it becomes even more important to buy health insurance as soon as possible even though it may not be of any use now but will surely come to the rescue later. A health insurance is not an investment for the present but is meant to secure your unpredictable future.
Here are 10 reasons why you should buy a health insurance:
If you ever get hospitalized, a medical insurance can be used as a financial backup to take care of the expenditures like – room charges, treatment, doctor’s fee, medicines, etc. Also, the pre and post hospitalization expenses – diagnostic tests, follow-up consultations are also covered by the insurance.
If you buy health insurance with accident protection, not only the hospitalization and treatment charges are covered but also a lump sum amount is given in case of permanent disability (total or partial) to help you cope up with the resultant loss of income.
Treating a critical illness (heart attack, issues requiring organ transplant, cancer, etc.) can be very expensive especially with the medical costs only escalating by the day. But if you buy a health insurance plan with critical illnesses cover (before diagnosis), it will take care of a major chunk of your financial burden.
Most health insurance policies come with the choice of a maternity care add-on. With this add-on, the hospitalization and delivery charges along with the vaccination expenses are taken care of by the insurer. Also, the benefits of your policy get extended to your newborn automatically.
With each health insurance, you enjoy the tax benefits under section 80 D of IT Act, separately.
Buying a health insurance at an early age and before acquiring ailments will bring you a lower premium with maximum benefits, least limitations with a wide range of diseases covered by the policy.
With a health insurance, you also enjoy benefits like – no claim bonus (the insurer adds to your sum assured if you made no claims the previous year); life-long renewal (you are eligible to renew your policy for a longer number of years); etc.
A health insurance policy also helps to pay for your routine medical check-ups every year. Hence it gives you the financial aid to maintain a healthy lifestyle.
With the family floater, you can extend your insurance benefits to your spouse, your parents and 2-4 children. Hence it makes health care very cost effective for you and your loved ones.
With our inevitable sedentary lifestyle and with unhealthy food and lifestyle habits only getting more incorporated into our lives, we are increasing the risk of diabetes, obesity, cancer, etc. Therefore, the need for a health insurance in such a scenario only manifolds.
Is health insurance necessary? With the above points, you are well aware that it is indeed, now all you have to do is buy a policy that suits your needs and wallet. With the ManipalCigna, your health insurance is just a click away.