You need health cover regardless of what you take two at a time - pills or stairs.

Important Benefits You Can Get With Health Insurance

With health insurance, one can enjoy excellent benefits such as protection of one’s finances, availability of daily hospital cash allowance, coverage for critical illnesses, convalescence benefit, tax benefits, and so on.
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Health problems have sadly become a routine occurrence in present times. Every year millions of people fall prey to one illness or the other, out of which many succumb to death due to not receiving proper or timely medical care. Also, the cost of getting medical care has just been and will continue to skyrocket, making it inaccessible to many people. These are simply two of the most important reasons that have made health insurance more of a necessity in today’s times, than an option.

In India, there are many insurers, general and stand-alone, who provide a variety of health insurance policies to millions of people. The majority of health insurance plans will provide cover for expenses related to pre and post hospitalisation, ambulance transportation, and day care treatments. However, the benefits provided by a health insurance policy aren’t limited to these three. There are plenty of other benefits which accompany the purchase of a health insurance policy, and here they are.

Helps Secure Your Finances:

If you or any of your family member is undergoing a medical emergency, the first thought you would have is to get them medical attention right away. At such a time, the last thing you should have to worry about is the cost of the treatment as the life of your loved one is invaluable. Having a medical insurance policy can help ensure that not only do you have access to the best medical care at the time you need it, but you also get to save your hard earned savings from being spent on medical expenses which can easily run into thousands or lakhs, depending on the severity of the medical condition. In times of a medical emergency, the health insurance policy will provide cover for medical expenses such as hospitalisation, cost of diagnosis, medicines, treatment, etc.

Covers Expenses For Treatments of Critical Illnesses:

Though scientific innovations and technological advancements have led to a breakthrough in treatments of many life threatening diseases, the costs of these treatments are usually so exorbitant that they are often inaccessible by a majority of those affected. This is where a health insurance policy can prove invaluable. There are medical insurance policies which have been specially designed to provide cover for expenses incurred to treat a critical illness such as stroke, cancer, kidney failure, paralysis, etc. Under a critical illness health insurance policy, not only do the policyholders get cover for the expenses of treatments of listed critical illnesses but will also get a portion of the sum assured when they are first diagnosed with that critical illness. Some critical illness policies also offer a premium waiver for the remainder of the policy term to give financial relief to the policyholder. Moreover, these policies also offer coverage for expenses such as recuperation, lifestyle adjustment, etc.

Daily Hospital Cash Allowance:

Another important benefit that is a part of many health insurance plans is the daily hospital cash allowance. The basic premise of this benefit is that it offers the insured policyholder with a specific sum of money during their period of hospitalisation for coverage of additional expenses such as food or transport. Some examples of policies offering this benefit are Apollo Munich Optima Cash, Royal Sundaram Smart Cash Plan, SBI Health Hospital Daily Cash Plan, Chola MS Hospital Cash Healthline, etc.

Convalescent Benefit:

Convalescence benefit or Recuperation/Recovery Benefit is the benefit under which the insured’s additional expenses are taken care of. This benefit basically covers the additional costs incurred by the insured during their hospitalisation. This benefit is meant for covering the costs that the insured incurs during their recovery period and is basically meant to compensate for the loss of income that the policyholder suffers due to their hospitalisation and inability to work. In case of this benefit, the insurance company provides the insured with a lump sum amount if he/she is hospitalised for a specific period as is mentioned and covered by the policy. This may range from 7 days to 10 days. Some health insurance policies also provide cover for related costs such as visits by family members, etc.

Tax Benefits: 

The one major benefit which is offered by a health insurance policy is tax relief on taxable income. Those who have taken a health insurance policy either for themselves, on behalf of any of their family member, or for a senior citizen, they are eligible for tax benefits under Section 80D of the Income Tax Act, 1961. The maximum amount of deduction that can be availed for health insurance premiums paid for self, spouse or children is Rs.25,000. If you are making health insurance payments for policies taken for your parents who are senior citizens (above 60 years), then you are eligible for tax relief of up to Rs.30,000.  If you are a senior citizen who has taken a health insurance policy for yourself or your spouse, you can avail tax deduction up to the amount of Rs.30,000. Tax deduction is also provided on preventive healthcare checkups for yourself, your spouse, children or aged parents (senior citizens) up to Rs.30,000. 

Additional Benefits: 

Health insurance is not just limited to providing coverage for expenses incurred for medical treatments and hospitalization. Many health insurance policies also go the extra mile and provide coverage for preventive health check-ups and consultations. Many health insurance policies nowadays include additional benefits such as free of cost health check-ups, discounts on specific healthcare providers or treatments, charge-free consultation with doctors, among other benefits. 

Peace of Mind:

The most important benefit that a health insurance policy provides you is peace of mind. A medical emergency can and often strikes unannounced. The worry about getting access to the best medical treatment and the expenses involved can easily cause great stress. However, this is what a health insurance policy works to prevent from happening. With a health insurance policy, you can live carefree that you are financially protected if ever a medical emergency were to strike and rob you of your hard earned savings. 

Important Benefits You Can Get With Health Insurance Reviews

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  • United India Health Insurance
    "Very Good Service"
    0.5 4.0/5 "Great!"
    I had taken this insurance policy in the year of 2018 and the the premium has been deducting from my salary. The premium amount has not been too high and there has been many hospitals collaborated within my locality. There has also been some cashless treatment available with this policy as well.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 17, 2019
  • Star Health Health Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have my health insurance with Star health insurance, i had claim experience with it, my experience was good, they have good tie up with my hospital and they have mailed me about the location of it, and i am happy with there service, they have charged me premium amount on yearly basis, and the premium amount is nominal for me, and i use to pay through on line mode.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 17, 2019
  • Max Bupa Health Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have taken my health insurance with Max BUPA , i have not opt there policy yet and i use to pay premium on monthly bases , and it use to get auto debit from my account and while i applied for health insurance customer service had explained me about all procedure , so far the process went smoothly and it good.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 17, 2019
  • Max Bupa Health Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I got the health insurance with Max bupa health insurance, there service is good, they have charged me premium nominal ,and the premium is on yearly basis, and they have tie up with many hospital , and had shared the details via mail, and i pay premium amount through on line mode.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 17, 2019
  • HDFC Ergo Health Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I got the health insurance with HDFC Ergo, they got tie up with many hospitals, and they have shared me location on those hospital in mail, and they have charged me nominal premium amount ,they have charged me up to 17000-18000 as premium, it is on yearly basis, and i use to pay the premium on an on line basis.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 17, 2019
  • SBI General Health Insurance
    "Bad experience"
    0.5 1.0/5 "Really Bad"
    I got the health insurance with SBI, they got tie up with many hospitals. I Felt the medical cover its less and i am not happy with there support team ,like if i want to call the customer care there number would not be reachable and they use to mail me PDF after paying premium amount,it would not get open, they have charged me premium amount on yearly basis,i have bad experience with this bank.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Jan 16, 2019
  • HDFC Ergo Health Insurance
    "Very good benefits"
    0.5 5.0/5 "Blown Away!"
    I have a health insurance from HDFC ERGO which was purchased by me in the year of 2018 because the benefits are very good. The claim process was simple and they have more number of hospitals for cashless. I have paid 18,800 for one year and took 3 years policy for myself and my wife. The medical coverage is 10L for myself and 5L for wife.
    Was this review helpful? 2
    , bangalore
    Reviewed on Jan 14, 2019
  • HDFC Ergo Health Insurance
    "Good"
    0.5 3.0/5 "Satisfactory"
    I have taken health insurance from HDFC Ergo which was offered along my personal loan. I have received the insurance paper and its been couple of months. It covers critical illness and need to go through the policy benefits. Always the customer is good.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 14, 2019
  • Tata AIG Health Insurance
    "Great company"
    0.5 5.0/5 "Blown Away!"
    I have taken health insurance from tata aig. I did take health insurance from tata aig for my parents and The Process was so simple. Customer representative is good. The customer service and response was on time, never had any issues. Now I feel safe for my family Thank you tata aig.
    Was this review helpful? 0
    , solapur
    Reviewed on Jan 12, 2019
  • ICICI Lombard Health Insurance
    "Good Health insurance provider"
    0.5 3.5/5 "Pretty good"
    This policy was part of my employment, I took the medical coverage of Rs. 5 lakhs for the tenure of one year, this medical benefits for my entire. They have good networks of hospital with major disease cover. But I think it doesn't have no claim bonus.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 11, 2019
  • Reliance General Health Insurance
    "On time approval with reliance"
    0.5 4.0/5 "Great!"
    For my spouse operation I used the health policy, I approached them for the claim through hospital. I submitted the form and they send the papers to the Reliance insurance company. I got the cash less treatment, but I paid some amount which was not covered. But they gave me the on time approval.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jan 11, 2019
  • Cigna TTK Health Insurance
    "On time service"
    0.5 5.0/5 "Blown Away!"
    On time Cigna TTK have activated the policy which provided by the company, the policy which I hold it has the coverage of Rs. 4 lakhs its covers for me. They are providing coverage for the pre existing with the tax benefits but there is no claim.
    Was this review helpful? 0
    , dandeli
    Reviewed on Jan 10, 2019
  • Cigna TTK Health Insurance
    "Its Good"
    0.5 5.0/5 "Blown Away!"
    In Cigna TTK, they are providing pre existing disease cover, but they don't have no claim bonus features. The response is good they have good customer care working 24/7 , the medical coverage is good for me and entire family. They have many hospital which they got tie up in Mumbai.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 10, 2019
  • Apollo Munich Health Insurance
    "Excellent Service"
    0.5 5.0/5 "Blown Away!"
    I had taken this insurance policy a while back and i had been paying the premium amount on an annual basis. The premium method has been convenient and the premium amount has not been high. There has been many hospitals covered in my locality and their customer support has also been helpful.
    Was this review helpful? 2
    , pune
    Reviewed on Jan 09, 2019
  • ICICI Lombard Health Insurance
    "Good policy"
    0.5 4.0/5 "Great!"
    My organization has provided me a health insurance with ICICI Lombard. I have not claimed anything from this policy. My entire family has been covered in this policy. They have given me a coverage value of Rs. 3 lakhs. This is a cashless policy.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 09, 2019
  • Star Health Health Insurance
    "Good"
    0.5 4.0/5 "Great!"
    My company has offered a health insurance from Star Health with the coverage of 1L, its for the family, Still I have not used the policy and am gone utilize the policy within 15 days for my family.They covers a major disease. I have called the customer service and the response is good. I am planning to go for reimbursement, they do have minor network of hospitals for cashless. I can recommend after completing my claim.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 09, 2019
  • National Insurance Health Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    My company has provided me a health policy from National insurance with the coverage of 2L. It is for the family members and no claim. I never contacted the customer service. Every year it was renewed by the company. They have limited networks of hospitals for cashless. It does not cover only eye problems, if we got admitted in hospital for 24hrs then applicable for claim.
    Was this review helpful? 0
    , pondicherry
    Reviewed on Jan 09, 2019
  • ICICI Lombard Health Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have taken a health policy from ICICI Lombard by last month. They have offered the policy based on my credit card experience. They have charged 10,800 rupees as a premium per annum. The policy period us 3 years. Am satisfied with the policy benefits. The customer service is excellent and they have explained well.
    Was this review helpful? 0
    , pondicherry
    Reviewed on Jan 09, 2019
  • Apollo Munich Health Insurance
    "Good medical cover with Apollo"
    0.5 5.0/5 "Blown Away!"
    I got the medical cover of Rs. 3 lakhs its covers for my four persons, they got tie up with major hospital. I don't have any medical card but if I want to go for claim. There is a person who coordinate for Tata employee. They do have cash less treatment.
    Was this review helpful? 1
    , mumbai
    Reviewed on Jan 09, 2019
  • Star Health Health Insurance
    "Its Good"
    0.5 3.5/5 "Pretty good"
    I have taken the policy personally from my end for my parents. Star Health is providing pre existing disease cover, and major disease cover like heart disease and they do have no claim bonus. Senior citizen plan is good for the elders it has the medical coverage value around Rs.3 lakhs.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 09, 2019
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