The Many Benefits of Health Insurance
21 August, 2023
8 Shares
599 Reads
Share
Whether you are a bachelor, a family person or in your old age, health insurance has now become equally important for everyone. It will provide support at the time you need it the most. It helps you navigate tough times by providing coverage against hospitalisation, accidents, injury, etc. A good health policy will allow you to live life peacefully by providing financial backup for your medical expenses. This blog will guide you on the importance of health insurance and related benefits.
Importance of Buying a Health Plan
The world has taken a different shape in past decades. It has witnessed toxic air, contaminated food and water, degraded climate conditions, and many more harsh changes. This has impacted human health negatively and resulted in various diseases. The diseases which were considered rare have now become common in people, no matter their age and gender. Therefore, you need to plan your health in advance by adding a few steps to your lifestyle. One such step is covering your family under a health plan. It has become a priority in everyone’s life because of the rising medical expenses and a number of diseases. Especially after the pandemic, people have started realising the importance of health and started investing their money towards it. Moreover, health plans cater to a variety of needs and thus include cover for individuals, families, old age people, people with high chances of critical diseases, etc. Along with this, you are also protected from out-of-pocket medical expenses. Thus, you can utilise the plan according to your health requirements and plan to buy the one according to your long-term financial goals.
Benefits of Health Insurance Policy
Health policy is an essential resource which works as a safety net for your savings. Amidst the rising healthcare cost, you must safeguard yourself under a health plan. Mentioned below are the benefits of health insurance:
Coverage Against Critical Illnesses
One of the most important benefits of health insurance is that it provides coverage against critical illnesses. A critical illness can strike anyone at any time, and it can have a devastating effect on your finances if you are not prepared for it. Niva Bupa's health insurance plans provide coverage for a wide range of critical illnesses, including cancer, heart disease, stroke, and more.
Coverage Against Medical Expenses
Another important benefit of health insurance is that it can help you cover the cost of medical expenses. Medical expenses can be very expensive, especially if you need to go to the hospital for treatment. Hospitalisation costs, including room rent, doctor consultation, therapies, etc, are covered under a health plan. Niva Bupa's health insurance plans can help you cover the cost of medical expenses, including the cost of hospitalization, surgery, and more. For example, our hospitalization insurance plan provides coverage for the cost of your stay in the hospital, as well as the cost of surgery and other medical treatment.
Cashless Claim Benefit
One of the most convenient benefits of health insurance plans is the cashless claim benefit. With this benefit, you can get treatment at thousands of hospitals across the country without having to pay for it upfront. This helps you avail of the treatment despite having no cash at the moment.
Tax Benefits
Another benefit of a health insurance plans is the tax benefits that they provide. Under section 80D of the Income Tax Act, you can get a deduction on the premium paid for your health insurance plan. This deduction is available for both individual and family health insurance plans. In addition, if you are a senior citizen, you can get an additional deduction of up to Rs. 50,000 on the premium paid for your health insurance plan.
Pre and Post-Hospitalisation Benefits
Along with hospitalisation costs, you are entitled to receive reimbursement for medical therapies, lab tests, consultations, etc. Generally, pre-hps[itaisation costs of up to 30 days are covered, and post-hospitalisation costs of up to 60 days are covered under a policy.
Alternative Treatment
Nowadays, most of the insurance policies cover expenses incurred on alternative treatments like Ayurveda, Unani, Siddha, and Homeopathy. Thus, You need not worry about the medical expenses incurred on alternative treatment other than allopathy.
Conclusion
By now, You must have an idea of how important a health policy is and the various benefits attached to it. You can plan your financial well-being by opting for a good health insurance policy from a reputed brand like Niva Bupa. The insurer is known for its services and smooth claim settlement process. It has lakhs of happy and satisfied policyholders all around the world. You can sit back and relax by opting for a plan by Niva Bupa, as the insurer will take care of all the needs related to health insurance.
Secure your Health with comprehensive insurance plans from Niva Bupa
Popular Searches - Health Insurance | Medical Insurance | Best Health Insurance Plans | Health Insurance Plans | Health Insurance Policy | Best Health Insurance Plans | Best Family Health Insurance | Best Mediclaim Policy | Best Health Insurance In India | Best Medical Insurance In India | Best Health Insurance Plans In India | Best Health Insurance Policy In India | Mediclaim | Best Health Insurance For Senior Citizens In India | Best Health Insurance | Health Insurance With Opd Cover | Mediclaim Insurance | Medical Insurance Plans | Best Health Insurance Company in India | Critical Illness Insurance | Personal Accident Insurance | Mediclaim Policy | Individual Health Insurance | Pregnancy Insurance | Maternity Insurance | | Best Family Health Insurance plans in India | Best Health Insurance company | Family Health Insurance | Best Health Insurance plans for Senior Citizens | Mediclaim Policy for Family
Health Insurance Schemes - Chief Ministers Comprehensive Health Insurance Scheme | Employee State Insurance Scheme | Swasthya Sathi Scheme | Pradhan Mantri Matru Vandana Yojna | Government Health Insurance Scheme | Dr. YSR Aarogyasri Scheme | Pradhan Mantri Suraksha Bima Yojna | Health Insurance Deductible | West Bengal Health Scheme | Third Party Administrator | Rashtriya Swasthya Bima Yojana | In Patient Vs Out Patient Hospitalization | Mukhyamantri Chiranjeevi Yojna | Arogya Sanjeevani Health Insurance | Copay Health Insurance | Cashless Health Insurance Scheme | Mukhyamantri Amrutum Yojna
Travel Insurance Plans - Travel Insurance | International Travel Insurance | Student Travel Insurance | Travel Insurance USA | Travel Insurance Canada | Travel Insurance Thailand | Travel Insurance UK | Travel Insurance Germany | Travel Insurance Bali | Travel Insurance Vietnam | Travel Insurance Dubai | Travel Insurance Singapore | Schengen Travel Insurance
Top Hospitals - Best Hospitals in Chennai | Top Hospitals in Delhi | Best Hospitals in Gurgaon | Best Hospitals in India | Top 10 Hospitals in India | Best Hospitals in Hyderabad | Best Hospitals in Kolkata | Best cancer hospitals in Bangalore | Best cancer hospitals in Hyderabad | Best cancer hospitals in Mumbai | Best cancer hospitals in India | Top 10 cancer hospitals in India | Top 10 cancer hospital in Delhi | Multi Speciality Hospitals in Mumbai | Multi Speciality Hospitals in Chennai | Multi Speciality Hospitals in Hyderabad | Super Speciality Hospitals in Delhi | Best Liver Hospitals in Delhi | Best Liver Hospitals in India | Best Kidney Hospitals in India | Best Heart hospitals in Bangalore | Best Heart hospitals in India | Best Heart hospitals in Kolkata | Best Heart hospitals in Delhi
Others - Top Up Health Insurance Policy | Corporate Health Insurance | Health Card | Section 80d of Income Tax Act | Ayushman Bharat | Health Insurance Portability | GoActive Family Floater Plan | Health Companion Family Floater Plan | Health Premia Family Floater Plan | Health Pulse Family Floater Plan | Health Recharge Family Floater Plan | Heartbeat Family Floater Plan | Money Saver Family Floater Plan | Saral Suraksha Bima Family Floater Plan | Senior Citizen Family Floater Plan | Super Saver Family Floater Plan | Corona Kavach Family Floater Plan | Hospital Cash Insurance | Cashless Health Insurance | Health Companion Price revision | Heartbeat Price revision | ReAssure Price revision
COVID - Omicron | Coronavirus Health Insurance | Covid XE Variant | Norovirus
www.nivabupa.com
+91 11 41743397
1860-500-8888
14th Floor, Capital Cyberscape, Sector 59, Gurgaon
- Insurance is a subject matter of solicitation. Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) (IRDAI Registration Number 145, Category:Health), 'Bupa' and 'HEARTBEAT' logo are registered trademarks of their respective owners and are being used by Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) under license. CIN: U66000DL2008PLC182918
- 1 Niva Bupa processes pre-authorisation requests within 30 minutes for all active policies, subject to receiving all documents and information(s) up to Niva Bupa’s satisfaction. The above commitment does not include pre-authorisation settlement at the time of discharge or system outage.
- 2 Since Inception refers to claim data from 2010 till December 2023.
- 3 ReAssure 2.0 Premium: The premium is including taxes and for Bronze Variant, for a 25-year-old individual living in Delhi.
- 4 Aspire Premium: The premium is including taxes and for Gold+ Variant, for a 25-year-old individual living in Delhi.
- 5 Senior First Premium: The premium is including taxes and for Gold Variant, for a 65-year-old individual living in Delhi.
- 6 Health Premia Premium: The premium is including taxes and for Silver Variant, for a 25-year-old individual living in Delhi.
- 7 SmartHealth + Disease Management Premium: The premium is including taxes and for Disease Management Gold Variant rider when bought with ReAssure 2.0 Bronze variant with Base Sum Insured of 5 lacs, for a 25-year-old individual living in Delhi.
- Beware of spurious / fraud phone calls! Do not share your confidential information like Debit / credit card number, Internet Banking User ID/Password, Pin, CVV, OTP, etc. with anyone. Avoid clicking on attachments / payment link received in mails / message from unknown sources. IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment or premium. Public receiving such phone calls are requested to lodge a police complaint. Do not respond to unsolicited and attractive offers received through unidentified calls, emails, SMSs, and other social media platforms. Beware of misleading telephone calls from people posing as Niva Bupa officials, agents, IRDAI Officials, Officials from ECI (Office of the Executive Council of Insurers) etc. and offering alluring benefits or sharing false information on your policy or on Niva Bupa. Niva Bupa shall not be responsible for any loss or damages whatsoever for any acts or omissions arising out of such spurious calls, and all customers are advised to contact our customer care at 1860-500-8888 and verify any representations or promises made by any such spurious callers before acting upon the same.