Mediclaim Insurance: A Must-have For Every Individual
Medical insurance is a specific type of accordance
, according to which an insurer provides his client with financial support against health related expenses during a medical emergency. The purpose of such a policy is broad and includes all sorts of expenses, ranging from the diagnosis of the illness, doctors fees to the patients proper medical treatment, followed by medication, surgeries (if needed), hospital charges, and so on.A recent survey has revealed that the gradual increase in the world's economy, especially in the corporate world, and a massive increase in the salary system has actually not put any kind of effect on the rising health issues, which is prevalent across the globe. In India, the health issues are as vast as its population. There are lakhs of people suffering from heart diseases, diabetes and cancer. A heart stroke or a brain stroke can cost an individual not less than Rs. 4-5 lakh, a large amount for a middle class person. Healthcare facilities, medication and hospital costs have escalated in the recent years making it rather difficult for a lower middle class person to face the burden of such a huge amount abruptly. In such a case, a health allowance can become a life saviour. Although there are people who can easily afford to buy health insurance policies, they do not see the benefits of these preventive measures either due to ignorance or carelessness. Health insurance policies are necessary because time and life are unpredictable. Health insurance will help them to be prepared to face all kinds of situations, not only for themselves but for their families as well.
The following are some of the reasons that prove the actual benefits of health insurance in India:
Time and life are unpredictable: Health problems are unpredictable and can walk into our lives as unwanted guests along with a huge financial burden. If we secure ourselves with such types of allowances then we can be spared the burden of the heavy expenditure.
Meeting severe medical expenses: It has become very expensive and difficult for a salaried person to face medical crises without insurance given the high cost of living. The costs of hospitalization, diagnostic tests, medication, surgery, etc., like everything else, have skyrocketed: this is where health insurance comes in handy. Everything related to the health field has now become expensive, so one should always have a monetary backup at the time of need.
Availing tax benefits: Under the Income Tax Policy, a person is rewarded with a tax benefit and can save considerable amount on tax payable, if he/she holds a health policy. This is done to encourage investments in Mediclaim.
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