Here’s Why a Health Insurance Plan Is the Best Gift for Christmas 2022

Posted on: Nov 15, 2022 | | Written by:

Here’s Why a Health Insurance Plan Is the Best Gift for Christmas 2022

Published on November 15, 2022. EST READ TIME: 3 minutes

Health Insurance Is the Best Christmas Gift

Winter is round the corner. This means that it is beginning of the season of merriment, gifts and festivities. The season brings in the festival of Christmas and the New Year is also not too far. The whole world looks joyful and lit up with Christmas decorations indicating fresh beginnings.

Christmas also means exchanging gifts. This Christmas, while you pray and hope for the well-being of your loved ones, you can also gift yourself and your loves ones a health insurance policy. It is a perfect way to prepare to start the New Year without any stress. While the Covid cases are under control, new virus variants are being discovered every now and then. Also, one cannot predict about health emergencies, they can come any time.

Here are some of the reasons why you should gift the best health insurance plan to yourself and your family.

Healthcare is expensive

Healthcare expenses since the last decade have increased due to several reasons. Some of the reasons are new medical technologies and drugs, inflation, and not enough doctors. Increase in the number of infections and diseases nowadays can exhaust your savings in no time. The cost of treating critical illnesses such as heart disease and cancer has also gone up and become unaffordable for many. So, critical illness health insurance benefits are essential.

Waiting period for pre-existing diseases

If you have a family member with pre-existing diseases like diabetes, or hypertension, then it is a good time to purchase a health insurance plan with pre-existing disease cover at the earliest for them. Treating these conditions can be quite expensive. Moreover, insurance providers with such plans usually have a long waiting period before they cover these diseases. So, it is a wise decision to get your loved ones the cover they need as they age.

Cashless claim settlement

Health insurance companies offer cashless claim settlements. Hence, you do not have to organize emergency funds or pay out of your pocket. Simply put, get the treatment done at any of the network hospitals of your insurance provider and the health insurance company will directly settle the bill with the hospital based on the policy terms. Always choose a good health insurance that has a large network of partner clinics and hospitals.

Affordable premium

Many health insurance plans offer coverage at low premiums. But while buying a health insurance policy for your family, always choose one that suits your specific requirements. These days it is easy to get a health cover for family with a high sum insured at affordable premiums.

Tax benefits

Avail tax rebate on the premiums you pay on your health insurance policy. Claim this benefit under section 80D of the Income Tax Act. Thus, the benefits of a health insurance policy make it an ideal Christmas present for your family and your finances.

Conclusion

Consider all the important factors to purchase the best health insurance in India to meet your needs. Buy a policy that offers wide health coverage, top-up plans, lifetime renewability, and more. Also, do a thorough check for the credibility of the health insurance provider, their claim settlement percentage, and the inclusions and exclusions of the plan

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

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