Health Insurance Health Insurance - Compare and Buy best health insurance plans online from top insurance companies. Best medical insurance plans for family, individuals and senior citizens. Calculate premium, policy coverage and save upto 70%. Get a FREE Quote!

Benefits of Health Insurance

What is Health Insurance?

Health insurance is an agreement under which an insurance company promises to reimburse the medical expenses incurred by the policyholder. The insurance coverage generally includes costs incurred for hospitalisation, medicines, specialist/doctor/surgeon as well as cost incurred during pre-hospitalisation and post-hospitalisation. There are various types of health insurance policies that can be purchased by individuals and families. These include individual health insurance policies, family floater plans, senior citizen health plans, women specific health insurance policies, disease specific plans, etc. A policyholder can extend the coverage of a plan with the help of health insurance add-ons like hospital daily cash cover, maternity cover, room rent waiver, etc. by paying an additional premium amount. There are various benefits of having a health insurance plan. Besides providing you with the insurance coverage for medical expenses, a health insurance plan provides peace of mind by providing financial stability in times of emergencies. It ensures that you get timely and required medical treatment. It also helps you avail tax benefits under Section 80D of the Income Tax Act, 1961. To ensure hassle-free services and smooth claim settlement facilities, insurance companies have tie-ups with many hospitals. These hospitals are known as network hospitals. In the absence of any tie-up, i.e. if the treatment is availed at a non-network hospital, then the insurer reimburses the medical expenses to the policyholder.

• 

  Financial Stability

  A health insurance plan provides you with financial stability during medical emergencies which may involve huge healthcare costs. A health insurance plan offers coverage for expenses incurred during in-patient hospitalization along with that incurred pre & post-hospitalization up to the promised sum insured.

• 

  Peace of Mind

  A health insurance plan helps you maintain peace of mind by taking care of all financial needs related to the medication.

• 

  Timely and Good Quality Medical Treatment

  A health insurance plan helps you in getting timely and good quality medical treatment. Insurance companies have tie-ups with hospitals where you can get medical treatment in a cashless manner without any paperwork or any other hassle.

• 

  Tax Benefits

  The premium paid for a health insurance plan qualifies for a tax deduction of up to Rs. 25,000 and Rs. 50,000 for individuals below 60 years of age and individuals above 60 years respectively under Section 80D of the Income Tax Act.