MEDICLAIM INSURANCE
Mediclaim Insurance is a comprehensive Plan designed to protect you and your family against expenses incurred in case of hospitalization. Health Insurance policy can be customized to suit your requirements and budget.
Why Health Insurance required?
- Every human being is exposed to various health hazards.
- Medical emergency can strike anyone without pre- warning.
- Inadequate facilities in government hospitals
- Private hospitals are too expensive.
- Medicines have become quiet expensive
- Diagnostic charges are beyond common man’s reach
- Specialists come at a price
- Tax benefit under section 80D of the Income Tax Act
Health risk is a personal risk, which could arise from various factors viz.
- Physical condition
- Psychological condition
- Accident related
- Occupational related
- Environment related
- Life style related
- Travel related
What are the benefits of buying health Insurance at a young age?
Health Insurance premium tends to increase with age – more the age, higher the premium. You can be covered for medical conditions that may be diagnosed over the years provided there is no break in the policy.
In addition, each “no claim” year would fetch you a discount on your premium or an increase in your sum insured amount at no extra cost. The treatment in case of “no- claim” bonus varies from company to company
Lastly, Income tax benefit under Section 80 D of the Income Tax Act.
