Why Health Insurance?

^{Why Health Insurance?}

^{Today Technology Is Available To
Cure Critical Illnesses As Well As Basic Health Concerns. But, With This
Advancement Comes The Shooting Prices Of Health Care Services Which Are Beyond
The Reach Of Common Man. Here, Health Insurance Comes As A Relief To Rescue Us
In The Difficult Times Of Hospitalization. This Includes In-Patient Treatments,
Pre And Post Hospitalization Charges, Day Care Procedures, Domiciliary
Treatments, Etc.}

^{Top Reasons To Buy Health Insurance Plan}

^{Corporate Health Cover Is Insufficient
With Rising Medical Costs, The Importance
Of Health Insurance Policy Cannot Be Overstated. Check The Cost Of
A Two Dayas Hospitalization For A Regular Ailment And Then Compare It With
Your Companys Insurance Coverage. When You Will Retire Or Change A Job,
Your Corporate Health Plan Will Cease To Exist. So It Is
Worthwhile To Buy An Individual Health Plan.

Increase In Incidence Of Life Threatening Diseases
Sadly, India Is Grappling With Life Threatening
Diseases. The Effect Of These Diseases Is Felt On The Productive Workforce From
35-65 Years. Also, Heart Diseases Among Indians Occur Five To Ten Years Earlier
Than In Any Other Population Around The World. Sedentary Lifestyles Lead To
Life-Threatening Diseases Like Cancer And Heart Diseases Which Are Critical And
Impose Heavy Expenditure Burden On Families. It Is Therefore Imperative To
Insure Oneself Timely. Moreover, Health Insurance Policies Offer Annual Health
Checks Ups To Encourage Health Awareness.

Tax Benefits
You Can Get Exemption For Paying The Premium
Under Section 80d Of The Insurance Act. This Year, Indiaâ€™S Finance Minister
Mr. Arun Jaitley Has Increased The Limit Of Deduction In Health Insurance
Premium To Rs 25,000 From Rs 15,000. For Senior Citizens, The New Limit Is Rs
30,000.

Better Financial Planning
We Often Set Goals And Save Regularly To Meet
Those Goals But A Medical Emergency May Play Havoc In An Individualâ€™S
Financial Planning. With Health Insurance Policy, You May Be Rest Assured Of Attaining
Your Financial Goals.

Value For Money
New Health Plan Cover You For Day Care
Procedures And Opd, Not Just Serious Hospitalization. Depending On Your Level
Of Cover, A Health Policy Helps You Pay For Services Such As Ambulance,
Day-Care Procedures In Addition To A Number Of Non-Hospital Related Services
Such As Chiropractic, Dental, Physiotherapy, Optical, Dietary Advice And Some
Alternative Therapies Like Ayurveda And Homeopathy As Well. .}

^{Young Buyers Get A More
Comprehensive Deal
Buying Health Insurance At A Young Age Ensures
There Is No Scope For Pre-Existing Diseases As You Will Be Covered Early, And
Any Diseases Diagnosed Later Will Be Covered Automatically.}

^{What Types Of Health Insurance Are
Available}

^{Individual Plans}

^{Health Insurance
Covers Medical Expenses For Illnesses, Injuries And Conditions. But, Unlike A
Plan Through An Employer, Individual Health Insurance Is Something You Select
And Pay For On Your Own.}

^{Family Floated}

^{A Family Floater
Health Insurance, As The Name Suggests Is A Plan That Is Tailor Made For
Families. It Is Similar To Individual Health Plans In Principle; The Only
Difference Is That It Is Extended To Cover Your Entire Family.}

^{Senior Citizen Health Insurance}

^{Senior Citizen
Health Insurance Plan Is A Necessity, Especially When You Are Planning To
Retire And Live On Pension Or Interest Income From Savings.

A Sudden Medical Emergency Can Result In A Financial Crisis. To Avoid This, It
Is Prudent To Take A Comprehensive Senior Citizen Mediclaim Insurance Policy.
These Senior Citizen Health Insurance Policies Are For People Aged Between 65
Years And 80 Years.}

^{Critical Illness}

^{Life Threatening
Critical Illnesses Like Paralysis, Cancer, Heart Diseases, Brain Tumours, Not
Only Leave The Patient Unable To Earn But Are Also Very Expensive In Nature.
Many Families Get Devasted Financially And Emotionally. A Critical Illness
Policy Covers The Insured In The Event Of Such Cases.}

^{Hospitalization Is Not Required Because
Diagnosis Is Enough To Get Critical Illness Benefits. The Insured
Receives The Entire Amount At Once}

^{Health Insurance Glossary You Should Know}

^{Tpa Â€“ Third Party Administer}

^{Insurance Claims
Throughout Are Settled By The Insured Or Third Party Administrator. In Case Of
Hospitalisation, Whether Cashless Or Reimbursement, Your Tpa Would Be Your
Point Of Contact. Always Contact Your Service Provider For Any Claim Request.}

^{Network Hospitals}

^{These Are
Hospitals Listed Area Wise, Which Are Empanelled With Your Insurer To Provide
Cashless Hospitalization Should The Need Arise.}

^{Cashless Hospitalization}

^{Your Insurer Will Have A List Of Network Hospitals Which Are
Covered To Provide Cashless Treatment Should There Be Hospitalization. The
Insured Need Not Pay Hospital Bill Once Approved, As It Is Already Covered.}

^{Pre And Post Hospitalization}

^{Before And After
Hospitalization, Depending On The No. Of Days Mentioned In The Policy, The
Expenses Are Covered By The Insurer.}

^{No Claim Bonus}

^{If The Policy
Holder Does Not Register Any Claims In The Whole Year, He Is Entitled To No
Claim Bonus (Ncb). This Is Provided To Insured As A Deduction In Renewal
Premium Amount Or Increased Sum Assured.}

^{Health Check-Up}

^{Free Health Check Â€“Up Facility Is Offered By
Some Insurers If There Are No Claims Registered, Depending On The Policy Type.}

^{Hospitalization Is Not Required Because Diagnosis Is Enough
To Get Critical Illness Benefits. The Insured Receives The Entire Amount At
Once}