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Health Insurance: A long-term gift with a huge impact

By Finserv MARKETS - Sep 12,2019
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Benefits Of Health Insurance In The Long Run

Introduction:

Our families are a crucial part of our lives. Our parents and siblings occupy a key role in our lives. Our mental growth, well-being, and stability all depend on our family and vice versa. A family makes all its members feel safe and connected to one another. Our families are our pillars of personal growth. Thus, it makes sense that we are always concerned about each other and their well-being. No one likes to see their family members ill/ailing or bed-ridden.

We may fight with our siblings all the time for petty things – from the best seat in the car or the last bite of chocolate, but when it comes to standing up for them and protecting them against the evil of the world, we are just as enthusiastic. As we grow into empathetic individuals, we wish the best for our siblings.

In the spirit of protecting our brother and/or sister, we aim to see them financially well and safeguarded against the vagaries of health hazards. We especially don’t want to see them struggle financially when it comes to providing for their health care. Which would explain why health insurance plans can prove to be a lifesaver.

Consider some trends and statistics: reportedly the medical trend rate which refers to the per-person cost increase (due to medical inflation) in India is likely to rise at double the inflation rate. A report by Mercer Marsh Benefits said forecasted medical trend rate will be 10% in India, while inflation will be at 5%. Considering these numbers alongside the rising incidences of heart ailments among younger people and the epidemic of lifestyle diseases, it hardly comes as a surprise that awareness about a healthy lifestyle is also increasing in commensurate terms.

We make dietary changes and get our family to sign up for healthy diet plans too. We ensure the most hospitable living environment. This also includes getting a good water purifier that helps remove impurities, retain water’s essential vitamins and minerals, and safeguard immunity.

If you are keen on protecting your family from microbial attacks, you may consider getting a water purifier for them. The good news is that you can get to choose from a variety of water purifiers available at Bajaj EMI store. It is an online marketplace which offers easy solutions for online shopping and hassle-free financing options like low or no-cost EMI options.

In short, we take all possible steps and measures to keep illnesses and ailments away from our beloved family. Even so, health issues can strike anyone – and apart from the physical and emotional toll illnesses can take, they can be an immense financial burden too. The basic charges like hospital, surgery room, inpatient room and inpatient equipment rental expenses chalk up to a significant component proportion of such charges. The most effective way to prepare for these charges and costs is through a robust health insurance policy.

Nowadays with plenty of online mediums to transact safely, the process of getting health insurance plans has become even more convenient. Buying a mediclaim policy online gives you multiple advantages, including the abundance of choice, the ease of comparison and transaction, the reduced costs due to the absence of agents or middlemen, etc. If you buy a health policy online, you will also save time. You can simplify the process further by buying it online at Bajaj Finserv MARKETS. With quick online application and minimum documentation, you can easily choose from an array of health plans that fit your needs. Moreover, you can enjoy exclusive health insurance benefits like cashless treatment at 6000+ hospitals, quick claim settlement, Ayurvedic/Homeopathic coverage and much more.

When an emergency strikes, the feature of cashless hospitalization can be a saviour amid the panic of the moment. It is a convenient feature under medical insurance plans that lets you seek treatment at any network hospital without the need to pay anything from your pocket. All you have to do is present your policy documents to the hospital authorities avail treatment facilities without the need to make any payments. Also read in detail about the health insurance tax benefits you can avail with a Bajaj Allianz Health Insurance plan available on Bajaj Finserv MARKETS.

So this Raksha Bandhan, as you decide what to gift your sisters, why not gift her the protection of good health?

Read our top blogs to know more about health insurance in India:

Bajaj Finserv MARKETS, from the house of Bajaj Finserv, is an exclusive online supermarket for all your personal and financial needs. We understand that every individual is different and thus when you plan to achieve your life goals or shop for the gadget of your dreams, we believe in helping you Make it Happen in a few simple clicks. Simple and fast loan application processes, seamless, hassle-free claim-settlements, no cost EMIs, 4 hours product delivery and numerous other benefits. Loans, Insurance, Investment and an exclusive EMI store, all under one roof – anytime, anywhere!

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522