my:health Koti Suraksha a must-have family health insurance

Posted on: Jun 1, 2021 | | Written by:

my:health Koti Suraksha a must-have family health insurance

Published on May 27, 2021. EST READ Time: 4 minutes

We see medical emergencies are becoming very common in today’s time. People are falling ill rapidly and medical expenses are sky rocketing. Although there are treatments that can cure many dreadful diseases but they are extremely expensive at times. Many families feel that having a health insurance is sufficient but have you ever wondered in the worst case scenario your inadequate cover can drain out all your life savings.

Let’s understand this with an example: Mr Sharma had a health insurance for family of Rs 5 lacs, it included wife and 2 children. The entire family met with a road accident , they had to be hospitalized for long time and underwent multiple surgeries. .. The entire hospitalization expenses went up to Rs 20 lacs. This amount almost drained their entire life savings as they had Rs 5 lacs cover for the entire family. Another hospitalization in the same year for an ailment added an extra burden. After learning it the hard way Mr Sharma understood the importance of an adequate health cover for the family. That’s where a 1 Cr sum insured takes away the stress entirely.

How to choose the right cover for family health insurance?

Often, people tend to ignore the amount of insurance cover they are opting for, i.e.the sum insured, and this could eventually prove costly. It is ideal to consider all family requirements before choosing the cover.

Let us say there is a family of four, with only one earning member, The family opted for a health insurance cover of Rs. 10 or 15 lac. If one of the members was diagnosed with a chronic disease like cancer, the hospital bills alone can put the entire family into financial stress. However, a one crore health insurance, would adequately cover all the hospitalization medical expenses, without putting the family in a financial burden.

Additionally, under section 80D, you can save tax up to Rs. 1,00,000** for the premiums you pay towards your policy.

When you choose a health insurance cover, it is crucial to take the rising medical expenses and inflation into account. Give your family the security of my:health Koti Suraksha

There are many family health insurance policies, designed to take care of medical expense needs Our family health insurance policy of - my:health Koti Suraksha , covers you and your family for Medical emergencies ,Major illness and ,surgeries, including hospitalization for corona virus disease , and many other medical expenses,. While you focus on reaching your goals, let my:health Koti Suraksha take care of all your health insurance needs.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

** For tax benefit of upto 1,00,000, both individual / family and parents should be above 60 years of age (ii) For tax benefit of upto 75,000, Individual and family should be below 60 years but parents should be above 60 years (iii) For tax benefit of upto 50,000, Individual and parents should be below the age of 60 years and the above is subject to change in tax laws. HDFC ERGO General Insurance Company Limited. Registered & Corporate Office: 1st Floor, HDFC House, 165-166 Backbay Reclamation, H. T. Parekh Marg, Churchgate, Mumbai – 400 020. Trade Logo displayed above belongs to HDFC LTD and ERGO International AG and used by HDFC ERGO General Insurance Company Limited under license. For more details on the risk factors, terms and conditions, please read the sales brochure/prospectus before concluding the sale. UIN: my:health Koti Suraksha - HDFHLIP21131V012021 IRDAI Reg. No.146 CIN: U66030MH2007PLC177117. UID No. D2 87

Beat Rising Medical Inflation with 1 Crore Health Insurance Plan for Your Family

The Many Benefits of 1 Crore Health Insurance - HDFC ERGO Koti Suraksha

Why you need a 1 crore health insurance?

What points should I consider when choosing 1 Crore health insurance?

Family Health Insurance of Rs 1 crore: Is it worth it?