Check out the top five benefits of taking a health insurance plan:

  1. Coverage of Medical Expenses: When you have a valid medical insurance plan, the insurer takes care of your medical bills. The insurance company pays for medical procedures, inpatient charges, ambulance charges, up to a certain limit, depending on the coverage offered by your chosen health plan. 

  2. Critical Illness Insurance: This is a special type of insurance meant for life-threatening illnesses like paralysis, stroke, kidney related diseases, etc.When you have this plan, it covers the high treatment costs of these diseases. 

  3. Cashless Payments: When you get treated at a network hospital, the insurer directly settles your medical bills with the hospital. This way, you don’t have to pay for the costs of treatment out of pocket. This is a huge life-saver, especially during medical emergencies. 

  4. Coverage beyond Group Insurance: Most companies provide their employees with a basic health insurance cover. However, the coverage is limited and may not be sufficient for major health expenditures. Having an individual health plan helps you enjoy added benefits and coverage not included with group insurance.

  5. Tax Benefits: The premiums you pay are eligible for tax deductions are eligible under section 80D of the Income Tax Act.