We reside in times where living a healthy life has become one of the most expensive luxuries. No matter how hard you try, today’s compact routine and sedentary lifestyle are making it difficult to maintain one’s health and well-being. And, to top it off, healthcare in India continues to become more expensive with every passing day, where even seemingly minor medical treatments can feel burdensome. So, how can you battle illnesses without blowing your savings? The answer is quite simple – get Health Insurance!
We all are familiar with the saying “health is wealth”, and a health policy really does reiterate this ideology. A health plan will not only help you secure yourself and your family against unexpected medical emergencies but will also safeguard your savings.
Wondering how? Hop in to know the 4 smart ways of saving money when you get a Health Insurance plan:
1.No out-of-pocket spends means big savings in the pocket
As much as we would like to stay healthy, accidents and illnesses are unavoidable and often strike without a warning. And, with a Health Insurance policy in place, you are protected against the financial implications of such medical emergencies. Besides covering hospitalization costs, a health policy also covers pre- and post-hospitalization costs. And, if you happen to take up a Family Health Insurance plan that is designed to offer complete coverage for the whole family, you never have to worry about dealing with emergency medical expenses that could otherwise burn a hole in your pocket.
2.Long-term savings locked up for the future
Health Insurance acts as a financial safety net and protects you from unexpected healthcare costs. If you ever need a lifesaving surgery or any other medical treatment, you don’t have to compromise your children’s education fund or your retirement savings. All you have to do is pay a nominal premium for your health insurance plan and you can access quality medical care for yourself and your family without worrying about the costs.
3.Say yes to tax benefits
Tax saving is another great benefit of buying a health insurance plan. You get tax rebates up to Rs. 25,000 annually, on the premium paid for self, spouse and children under section 80D of the Income-tax Act, 1961. What’s more? If you pay the premium for your parents, you can avail an additional tax benefit of Rs. 25,000 or Rs. 30,000 (depending on the age of the parents). Policies on Finserv MARKETS are eligible for all of the above health insurance tax benefits.
4. Save more with No Claim Bonus benefit
No Claim Bonus is a special incentive given by Health Insurance companies for every claim free year in the form of a discount on your renewal premium or increased coverage amount at the cost of the same premium amount.
In a Nutshell
As you can see, Health Insurance can help you protect your precious savings in several ways. Health insurance plans available on Finserv MARKETS are no different! They offer cashless claim facilities, so you don’t have to deal with the last-minute hassle of arranging cash for hospital deposits. With medical coverage ranging from Rs. 2 Lakhs to Rs. 1 Crore and cashless claims across 6500+ network hospitals, you need not look elsewhere. And, health policies on Finserv MARKETS are eligible for all of the above health insurance tax benefits too! So, why wait? Take a smart step forward and invest in a Health Insurance plan through Finserv MARKETS today!
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