What is health insurance ?

Health Insurance is a type of insurance that offers medical coverage against medical expenses at the time of health emergency. A health insurance plan covers financial assistance to the policyholder to pay hospitalization expenses like critical illness benefits. As per the Income Tax Act, 1961, the Health policy holder can avail tax benefits on a health insurance plan.

The reasons behind to buy a Health insurance plan are as follows :-
Medical inflation is increasing day by day, making treatments so expensive. In case if you get hospitalized for any dangerous disease, you may end up losing all your money savings. There only health insurance policy will help you to afford quality medical treatment during a health emergency. Check below some of the top reasons to buy a health insurance plan.

• Beat Medical Inflation -Today as well as in future despite the rising medical costs, a health insurance policy can help you pay your medical bills including pre and post expenses of hospitalization.
• Afford Quality Medical Treatment-It helps you to afford the best quality medical treatment and care so that you can focus only on getting cured.
• Fight against Lifestyle Disease -That have been on the rise with the changing lifestyles you may get diseases like cancer, heart attack, etch , The health insurance policy is going to save you from paying heavy amount of your medical bills.
• Protect your savings -It helps you to protect your bank balance or savings in other mode by covering your medical expenses so that you can get the treatment without any financial worries.
• Avail Cashless Hospitalization Facility-It allows you to obtain a cashless hospitalization facility at any of the network hospitals of your insurance provider by raising a cashless claim.
• Get Tax Benefits -It enables you to save tax on the health insurance premium that you’ve paid under section 80D of the Income Tax Act for better financial planning.
• Health Insurance policy ensure Peace of Mind- you will be having peace of mind as you do not have to worry about the huge amount of hospital bills.