What is health insurance and why is it important?

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Health insurance comes in handy in case of sudden illness, know our proposed plans

Health insurance is the right investment to protect you and everyone in your family. Still very few people in India have health insurance and if there is they are under-cover i.e. they do not have enough coverage. Illness is never told and in today’s era the constant increase in pollution, unhealthy food habits, stressful lifestyle, and overwork, invite many serious diseases. Their treatment is very expensive. In such a situation, if you have to be admitted to the hospital, then the medical expenses can be heavy on your savings. Through this article, it is our endeavor to ensure that the importance of a medical insurance policy is understood, so that you can keep yourself and your family safe by choosing the right medical insurance during this difficult period of the pandemic.

What is Health Insurance?

This is a contract in which we pay your medical expenses to the hospital when you are sick. It also reimburses expenses related to hospitalization, treatment, surgery, organ transplant, etc. For this you have to pay premium on time. Health policy can be taken for you, your spouse, dependent parents, other family members including children.

Why should you take a health insurance policy?

Pandemic like COVID-19 and rising cost of medical expenses can create difficulties financially. Hence, getting a health insurance cover for yourself and your family protects you during such times. Given below are the important reasons why you need to consider taking health insurance today:

1.The rising cost of hospitalization and medical expenses that uninsured can drain your savings.
2.Coverage for the COVID-19 pandemic and critical illnesses.
3.Instant cashless hospitalization without spending anything out of pocket.
4.One can avail tax benefits under Section 80D of the Income Tax Act of India.
5.You can take care of your health with annual check-up.
6.You can also get coverage for your family members.

How to choose the best health insurance plan?

In view of the costly medical services and increasing cases of serious health problems, it is becoming necessary to take health insurance. It saves you from stress and financial troubles at the time of medical emergency. Under this, you do not have to face any financial compulsion to get treatment in case of emergency. Hence, investing in health insurance plans is a wise decision. Let us know how you can choose the cheapest health insurance plan for you and your family.

premium amount

Premium is the amount that you have to pay after the specified interval. You can calculate the premium with the help of online premium calculator available on the website. It calculates the correct premium amount based on your age, standard of living, family members, dependents, income and your medical history. So that you can choose a policy that will cover your emergency medical expenses without putting any financial burden on you.

maximum coverage

It is to be noted that the general health insurance plan does not cover serious diseases like heart attack, cancer, stroke, organ transplant, kidney failure etc. These come under critical illness cover. Reimbursement of medical expenses for critical illnesses covered under this cover is paid. That’s why you should look for plans that give you maximum coverage.

minimum exclusion

The exclusion health insurance policy covers circumstances, cases, medical procedures, treatments, illnesses, etc., under which you cannot claim a claim. Hence it is important for you to know what is excluded from the policy coverage permanently and what treatments are covered by the policy after waiting for a certain period of time. You should choose the plan which has minimum coverage along with maximum coverage.

waiting period

In pre-existing diseases i.e. pre-existing diseases, the waiting period is about 48 months, then you should look for a policy in which you can get the option to reduce the waiting period. Like in Care Health Insurance we give you Reduction in Wait Period add on cover so that you can reduce 48 months to 24 months.

cashless hospitalization

Cashless hospitalization is one of the benefits of health insurance. In today’s pandemic, it is difficult to arrange money for treatment. Therefore, it is important that you take a plan that can provide you the facility of cashless hospitalization in your vicinity.

Add on

Along with the basic coverage, you can also see if you can get the option to extend the coverage of your policy. We provide various add-ons under our health insurance plans such as International Second Opinion, OPD Cover, Care Shield, No Claim Bonus Super, etc. These help you in getting adequate treatment by increasing your policy coverage.

easy payment

You should opt for a health insurance plan where you can easily pay the premium without any hassle. Nowadays you can get health insurance policy EMI so that your monthly budget will not be eaten.

tax savings

The premium you pay for health insurance is tax exempt under Section 80D of the Payment of Income Tax Act. Premiums paid for health insurance for self, dependent parents, children and spouse are eligible for tax exemption of up to Rs 50,000. However, the tax amounts are dependent on your income and age. It also helps to under-represent your tax income.

Additional Benefits

A right health insurance also gives you additional cover. Annual No Claim Bonus, Annual Health Checkup, Cashless Hospitalization, Ambulance Cover Reduction in Wait Period, COVID Shield, etc. Covers give you complete protection.

Care Health Insurance Company, which is considered as one of the top health insurance providers in India, offers a wide range of health insurance plans. These plans meet your healthcare needs and help you get the best medical care.

health insurance plans

If you have Care Health Insurance then you do not need to worry about money during the treatment. With this, you get cashless facility to get treatment for yourself and your family. For a comprehensive health insurance policy, you can check our plans given below. In which you get maximum coverage at cheap premium. Let us know about them in detail.

Care- Family Health Insurance

Care health insurance helps to safeguard you and your family against financial risks arising out of a medical emergency. On your part you can be reassured that when you are unwell; We’ll take care of your treatment issues so you can stay worry-free and focus only on your recovery. The plan covers hospitalisation, pre and post hospitalisation, day-care treatment (which does not require hospitalisation), health check-up etc.

Care Freedom Plan – Diabetes & Hypertension Cover

Our Care Freedom Policy aims to provide you the freedom to live your life to the fullest. It does not require any pre-policy medical check-up for all ages and Sum Assured. Also, the waiting period is only 2 years in case of pre-existing diseases. It is available as a family floater and individual plan for up to 6 members.

Joy Plan – Maternity and Newborn Child Cover

Joy is a state-of-the-art insurance product, which takes away all the questions and uncertainties regarding this new chapter in your family life. It takes care of your maternity and related health insurance needs not only for today but also for tomorrow. Joy Maternity Insurance plan covers expenses during pregnancy and post hospitalization.

Super Mediclaim – Critical Illness Cover

Care Health Insurance offers to help you protect against the cost of Critical Illness Super Mediclaim. This is one of the most important policies. In this, coverage is provided for the expenses incurred in the treatment of the insured person on the diagnosis of any critical illness. This policy provides you coverage against 32 critical illnesses. You can choose any of the following cover under Super Mediclaim plan:

1-critical medicalem
2-Cancer Medicarem
3-Heart Medicarem
4-Operation Medicalem

Travel Insurance Policy (Travel Insurance)

Apart from the health insurance policy, CARE also offers travel insurance policies. Let us know about them in detail.

Explore Travel Insurance Plans

Explore travel insurance policy covers medical or non-medical expenses incurred while traveling. Travel insurance plan takes away the uninvited hassles and worries on your family vacation. Explore travel insurance policy covers emergency hospitalization, medical evacuation, trip delay/trip cancellation, etc.

Student Explore Travel Insurance Plan

Student Explore Travel Insurance Plan is designed for the students going to study abroad. This plan provides new age benefits and services to you. Student travel insurance covers personal accident, travel inconvenience benefits, sponsor protection and much more.

Secure Personal Accident Insurance Plan

Secure Personal Accident Insurance Plan provides you with personal accident insurance that directly addresses every concern that may arise as a result of a serious accident.

Care Health Insurance gives you maximum coverage at minimum premium. So protect yourself and your loved ones by investing in the best health insurance plan today.

Disclaimer: Plan features, benefits and coverage may vary. Please read the brochure, sales prospectus, terms and conditions carefully.

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