Important Features Of Health Insurance Policy

The cost of health care in India is at a constant hike and it is becoming tougher for individuals and family to bear the expensive treatments in case of a health emergency. The burden of a health emergency is already dreary and add the rising cost of the health-care, you get a deadly combination of stress and financial burden. Tough times like these help you understand the importance of health insurance. Sadly, not many individuals are fully aware of Basic types of Health Insurance and its features. In this post, we will discuss, the top 10 features of health insurance.

10 features of health insurance that explain the importance of health insurance in India:

1. It prepared you for the unpredictable future:

You do not know when and how you will be hit by an unavoidable health condition that might leave you in amid pain and suffering as well as financially broke. With a sum insured, you get a financial freedom to deal with the health problem and avoid any unnecessary stress in already stressful conditions of poor health and wellness. The importance of health insurance can be best understood with this feature of financial freedom, one of the most valuable features of health insurance.

2. Comprehensive cover:

When you buy a health insurance at the right age, you can enjoy his benefit of comprehensive and holistic coverage. This offers you security while you are employed and even after you have retired.

3. Coverage for the entire family:

In the unpredicted time like today, it is important to keep your entire family protected. Through a family floater health insurance plan, you can buy a financial cover for a major type of medical conditions for the entire family.

4. It takes care of miscellaneous expenses:

Besides the cost of the medical treatment, there are a number of associated costs that you need to take care of. This includes costs like ambulance cost, pre-hospitalization expenses, and post hospitalization as well as prescription bill and in some case loss of income as well.

5. Tax Benefits:

All the health insurance premium paid in a financial year are eligible for exemption under the section 80D of the Indian Income Tax Act. For senior citizens, the limit is set up to INR 25000.

6. Cumulative bonus:

Not only you enjoy the coverage under the best health insurance programs but you also get some benefits. This includes the cumulative bonus benefit that is offered to you for every claim free year.

7. Peace of mind:

Once you have bought a health insurance policy for yourself and the family, you can enjoy the peace of mind that every untoward situation in life is efficiently covered under the health care policy.

8. It covers pre-existing diseases as well:

If you are already suffering from a disease and the healthcare costs are making it tough for you to avail the right treatment, buying a health insurance policy that offers you the right cover is the best solution.

9. No worry for insufficiency:

In case of a medical problem, you do not have to rush from one hospital to another to find affordable medical care. The policy you buy ensures that you get the best healthcare in top hospitals.

10. Cashless treatment:

There are some health insurance policies that provide a cashless cover. This makes the entire process of availing medical care swift and efficient.

These are the top features of health insurance that explain the importance of health insurance and make it a must buy.


ManipalCigna Health Insurance Company Ltd (Formerly known as CignaTTK Health Insurance Company Limited) | CIN U66000MH2012PLC227948 | IRDAI Reg. No. 151 
Reg. Office: 401/402, 4th Floor, Raheja Titanium, off. Western Express Highway, Goregaon (East), Mumbai- 400 063 | Toll free number – 1800-102-4462 | Website address –
Trade Name / Trade Logo belongs to MEMG International India Private Limited and Cigna Intellectual Property Inc. and is being used by ManipalCigna Health Insurance Company Limited under license. For more details on risk factors, terms and conditions, please read the sales brochure/ sales document available on our website (Download section) before concluding a sale.

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