Keywords: Why you should buy a personalised health insurance plan
In today’s fast-paced lifestyle, it is important to prioritize one’s health and well-being. With rising healthcare costs and unpredictable diseases, it has become imperative to have a secure financial backup that can help in times of medical emergencies. This is where a personalised health insurance plan comes into play.
A personalised health insurance plan is an insurance policy that is designed to cater to the specific needs of an individual. Unlike a regular health insurance plan, a personalised plan offers customizations and flexibility, allowing the policyholder to choose the coverage, premium, and other features as per their requirements. In this article, we will discuss why it is important to buy a personalised health insurance plan and the benefits it offers.
Importance of buying a personalised health insurance plan
– Customization: The biggest advantage of a personalised health insurance plan is the ability to customize the coverage as per the individual’s needs and preferences. For instance, a young individual with no pre-existing medical conditions may choose a basic policy with lower premiums that cover basic hospitalization expenses. On the other hand, an individual with a family history of critical illnesses may opt for a comprehensive policy that covers critical illnesses, surgeries, and other medical expenses.
– Comprehensive coverage: Personalised health insurance plans offer comprehensive coverage against a wide range of medical expenses, including hospitalization, surgeries, diagnostic tests, and medication costs. It ensures that the policyholder doesn’t have to bear the burden of expensive medical bills, which can often lead to financial strain.
– No room rent capping: Unlike regular health insurance plans, where there is a cap on room rent allowance, personalized health insurance plans do not have any such restrictions. This means that the policyholder can choose a hospital room as per their preference without worrying about any additional charges.
– Long-term coverage: Personalised health insurance plans offer long-term coverage, which means that the policy can be renewed for a longer duration, typically up to 3 years. This saves the policyholder from the hassle of renewing their policy every year and ensures that they are covered for an extended period.
– Tax benefits: Buying a personalised health insurance plan not only provides financial security but also offers tax benefits. Policyholders can claim tax deductions up to Rs. 25,000 under Section 80D of the Income Tax Act, 1961, for premiums paid towards the policy.
– Additional benefits: Personalised health insurance plans often come with additional benefits such as cashless hospitalization, free annual health check-ups, and access to a wide network of hospitals and healthcare providers.
In conclusion, a personalised health insurance plan is a comprehensive and practical solution to meet the rising healthcare needs of individuals. With its flexibility and customizations, it provides a sense of security and financial stability during medical emergencies. So, if you want to ensure a worry-free and healthy future, buying a personalised health insurance plan should be on your priority list.