Health insurance is the best way to surmount the financial difficulties that any medical emergency can bring. You spend a good amount of time, money, and effort to buy the best health insurance plan. But, a health insurance job does not end here. It can give you other benefits than covering your hefty hospital bills. Here are some smart uses of health insurance that help you to make the most out of the policy:
Cashless Hospitalization
One of the seamless benefits you get from health insurance is cashless hospitalization. Whether planned or emergency, you do not need to arrange cash for the treatment. Just find out the network hospitals while entering your pin code on our official website and get your admission done without any financial stress. It helps you save your hard-earned money for the future and avail of the best possible treatment.
Early Investment Tool
Do not delay in buying health insurance. Whether you are in your 20s or 30s, opt for it as early as possible to reap its benefits later in life. Investing in health insurance at an early age has several advantages. It cost you a low premium because you are young and healthy, and your chances of hospitalization are less. You can also easily get through a long waiting period if you have pre-existing diseases and can use the coverage for a medical emergency. Moreover, your sum insured will also get increased for every claim-free year.
>> Read How Health Insurance is Used as an Investment
Preventive Health Check-Up
Health insurance gives you a chance to keep track of your health with a preventive health check-up. All insured members under the policy can get this benefit once a policy year. Based on the sum insured, different tests such as kidney function tests, blood tests, urine tests, etc., are available in the plan.
>>Also Read about Annual Health Check-Up Feature in Health Plans
Tax Benefits
Opting for medical insurance comes with a two-fold benefit. It saves you from financial burden during a medical emergency, and second, it gives you tax benefits. Under section 80D of the Income Tax of India 1961, premium paid against the policy for self, spouse, children, and parents eligible for tax exemption up to Rs. 75,000. Moreover, if you and your parents are senior citizens, you can save up to Rs. 1,00,000. Thus, it is a good tax-saving tool that you should have in your investment portfolio.
>>Read Health Insurance Tax Benefits
Double Sum Insured
Do you know that your sum insured gets double without increasing your policy premium? Yes! You will get a reward to stay fit with an increased sum insured by 10% for every claim-free year. It can go up to 100% under the no claim bonus super that Care Health Insurance offers. In this way, you can get a double sum insured and use it for sudden illness.
Quick Recovery Counseling
Our mediclaim policies also offer quick recovery counseling to the policyholders under the policy benefits. It is beneficial for the patients to deal with post-hospitalization trauma and speedy recovery. A policyholder gets advice from a psychologist through face-to-face consultation up to the amount per session specified against this benefit. It is covered under hospitalization expenses and is available a maximum of 8 times in a policy year or twice a month.
Health Portal
If you have a Care mediclaim policy, you can access the health portal. You can check health-related information and services such as health risk assessment, doctor on chat, special OPD rates, diagnostics, and pharmacy through network providers. In this way, you can check all health-related updates and information in one place.
Nutshell
Opting for the right health insurance plan is imperative. As an intelligent buyer, you must visit our official website from time to time to see what all new our health insurance plans have to offer. With these effective health insurance uses, you can avail the maximum benefits out of your policy. Stay informed; stay insured!
Disclaimer: The above information is for reference purposes only. For more details, please read the sales prospectus.
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