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How Health Insurance Shields You From Health and Financial Risks?



When it comes to health insurance in India, it is not a new concept. However, there is a shocking truth about the number of Indians availing a health insurance plan.
Yes, most of the Indians don’t understand the concept of having health insurance. It’s one of the things that people ignore or gives less priority.
Even people residing in metro cities and earning decent income are unaware of the benefits of taking health insurance. However, people should know that it is always better to avail of health insurance policy more than life insurance. It is because the chances of your parents or other aged members of a family needing medical care are more.
On the other hand, the rising cost of the quality of health care in India is another thing that people should be aware of. If you are not financially well to do, then you will need to avail a health insurance plan so that it can cover the medical bills and more.
If you are not yet convinced about the benefits of availing a health insurance plan, here are some valid reasons that you will convince you. Have a look:
1) The rising medical cost
This is the major reason people opt for health insurance for their parents and family. Medical costs are consistently on the rise making it super hard to manage the expenses such as the visiting fees of doctors, hospitalization charges, diagnostic tests, medicines and more. People also don’t want to go to Government hospitals as the quality of medical care is not good there. Hence, people go to private hospitals to get quality treatment, but the expenses are on the higher side. Hence, in the same context, availing a health insurance plan is mandatory to avoid paying the costs on your own.
2) Quality of treatment
The next most vital reason to purchase effective health insurance is to provide quality treatment. When you go ahead and get a comprehensive health insurance plan, it will help you focus more on quality of treatment than the costs involved in it. When a medical condition hits you, you will need to have complete rest. Thus, worrying about medical bills when you should take rest can affect your health. Hence, when you have a health insurance policy, you can focus on recovery than the medical bills.
 3) Tax benefits
Another reason to avail the health insurance policy is availing of the tax benefits under the Income Tax Act, 1961. Senior citizens can save tax benefits which have increased Rs.30,000 t0 Rs.50,000.
The Bottom Line
You are now well-versed about the major reasons for applying for the best health insurance plan. Opting for a health insurance plan in India such as Bajaj Allianz health insurance is one of the best things to do about availing health insurance.

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