Importance of Health Insurance
People use insurance as an investment in their lives. They save their money today for tomorrow. There are many indemnification types. Health insurance also an important type of indemnification that covers a person’s medical payments in his sickness. According to their policy, change the benefits gives by the insurance companies.
The assurance companies use tricks to increase the number of their investors. So they will explain to you about their assurance and the facilities that provide to you. So you should pay your attention to those things before choose one insurance company.
Why health insurance need you?
Life pattern changes; In the present, the people, society, and environment also change. Most of those changes are badly affect people’s lives and lead illnesses also. As an example, most people take fast foods now. They cause cancers, Diabetic Mellitus, hypertension like diseases.
Medical cost; Generally, the medical cost is higher in most countries. So when they become ill people spend their saved money on their treatments. But if they have assurance, protect their saving money.
Income tax benefit; If you have assurance, you eligible for tax deductions. An individual can claim a deduction due to their payments.
Pre and post-hospitalization costs coverage; Due to this facility, they cover the costs acquired towards external and diagnostic tests before and after an arranged time period.
Types of health assurance
There are several types of health insurance types. They differ from each other according to the policy.
Individuals' assurance provided for one person. In this premium selects according to their age.
In family assurance, covered the cost of whole family members.
Senior citizen assurance for age people who more than 60 years old.
Surgery and critical illness plan provide for people with medical conditions. The premium is high more than others.
Maternity plan- The indemnification company provides services for pregnant women. They pay the cost for delivery and also the conditions of the baby for a certain time duration.
Personal accident assurance pays for people who admitted to the hospital due to an accident.
Unit Linked Health assurance differs from the above types. It covered expenditures that are not paid by a person’s assurance policy.
How to Select a suitable assurance Policy?
All insurance companies try to increase their customers. So they promote their companies. For that, they explain their benefits of the assurance policy. But you should choose an assurance plan suitable for you. Usually, all the insurance company provides the same service. Before you register in an insurance company, search these things.
Worth of the insurance (the sum assured)
Age for entry and renewability clause
Amount of inclusion and exclusion
Claim bonus
Their benefits
Conclusion
Having health insurance is important for all persons. It will be an investment for your future. Be careful when choosing an insurance company. Consider their insurance policy. Then choose the best assurance for you. It may be a good investment for your future.
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