Advantages Of Having A Health Insurance

Advantages Of Having A Health Insurance

There are more than 20 general insurance companies in India that offer health insurance policies.  Each of these companies offers more than one type of health insurance in India.  In other words, there are many types of health insurance policies on the market: family insurance, individual health insurance, critical illness insurance, group insurance, and more.

The family insurance scheme, while the general insurance companies cover mostly the couple and their two dependent children.  You will also find some businesses that provide full family coverage, including parents addicted to politics.  This means that with one policy you can cover your wife, two dependent children and parents.

 On the other hand, a personal insurance policy, as the name suggests, covers only one person.  In family health insurance, the sum insured covers all family members, while in individual health insurance the sum insured is only one person - the insurer.

But to buy an individual health insurance policy for each family member, each Bikua L will receive a separate insured amount.  If you have a family member who needs additional health coverage and possibly higher medical expenses, it is always advisable to get a personal insurance policy.  Doing so can be more beneficial both in terms of money and health.

Benefits of individual health insurance:

There are many benefits of obtaining personal health insurance.  Take a look at some of the key benefits listed below.

 Medical expenses covered:

The most important reason is that we buy health insurance to avoid unexpected medical expenses.  It saves you from financial crisis when you face health of life.  This frees you from the burden of medical expenses so that you can focus on recovery.

Free arrears:

You can avail of the non-monetary benefits of your policy if you need emergency medical care or in a situation where you need to be hospitalized.  Non-monetary hospitalization, provided by health insurance companies, allows a person to use treatment without paying hospital costs, according to a personal health policy.  However, this facility is available only in hospitals affiliated to insurance companies.  During hospitalization, the company insures directly in the hospital / nursing home.

Daily hospital care:

Some insurance companies pay special insurance premiums for each day spent in the hospital.  However, this does not apply unless the insured is in hospital for a few days.  The number of days you spend in a hospital is predetermined in politics and can vary from company to company.  If you are a key member of your family, this type of compensation is very useful in emergency situations.

Tax benefits:

The additional fees paid for health insurance are entitled to exemption as per Section 80D of the Income Tax Act.  The amount of comfort available to individuals is 15,000 AMD or for the elderly (over 20 years) 20,000 rubles.  In addition, a 20,000 AMD premium is available to dependent parents.