Considering the dynamic post-pandemic world scenario and the sharply inflating medical costs, having a proper medical insurance policy is highly rewarding.
If you are looking out to purchase a beneficial health insurance plan, for yourself and your family, this is definitely the right time.
There are more established policy providers in the market like Bajaj Allianz, Aditya Birla and Manipal Cigna health insurance, that you can opt for. These insurances offer more curated plans according to your health requirements. If you are still sceptical, here are some of the major advantages of choosing a medical insurance policy. Read to know more!
- Better financial security
In the uncertain times of today’s world, a capable tool of financial aid to bridge medical expenses is the need of the hour to avoid medical debts. A medical insurance policy can help you with it. It offers you better financial security and complete assistance until you get back to your own self after your medical treatments. With proper medical insurance like the Manipal Cigna health insurance policy you can be worry-free about your unpredicted medical expenses.
- Enhanced protection for your family
Apart from offering financial security and protection to the policyholder, the medical insurance policy for the family can take care of the treatment cost and medical expenditure of your whole family. The family floater plan has the capability to offer enhanced protection for your family even in times of unfortunate demise of the policyholder. Getting health insurance together for your family members is quite beneficial than purchasing it separately.
- Cashless treatment service
One of the most intriguing advantages of having a proper medical insurance policy is the perks of cashless treatment services. The majority of the renowned policy providers like the Manipal Cigna health insurance have a wide network of hospitals under their wing to provide first-class top-notch cashless treatment to their customers. So, you do not have to go on a hunt for immediate cash to cover your medical expenses at the time of urgent need. These cashless treatment services will be claimed under your health insurance policy.
- Extensive Coverage
When you opt for acclaimed medical insurance plans like Bajaj Allianz, and Manipal Cigna health insurance, you get extensive coverage according to the plan you are willing to pick. The policies offered by such health insurance providers include pre and post hospitalisation charges, daycare treatment, existing illnesses, organ donor expenses, regular free check-ups, operation costs, doctor fees and many more. By opting for the right medical insurance policy, you can make use of its numerous coverage options to get the most out of your plan.
- No Claim Bonus rewards
Another attractive and beneficial advantage of owning a medical insurance policy from an acclaimed provider is the incentives of the No-Claim bonus. If you have a higher No-Claim bonus ratio, then you can be eligible to have a discount of up to 50% on your premium when you renew for the next year. The majority of the insurance providers like Manipal Cigna health insurance offers more rewards and discounts for their customer who have a higher NCB. So, refrain from making petty claims.
- Tax benefits
The tax benefits are a very important take-away of health insurance plans. The Income Tax Act, section 80D facilitates tax benefits for all the health insurance policyholders. If you are under 60 years, then you are eligible for a deduction of up to Rs. 25,000 for having a medical insurance policy for yourself or for your family. If your senior citizen parents above 60 years are included in your health insurance plan, then your annual tax deduction comes around Rs. 50,000.
So, be prudent and get the most beneficial health insurance policy from Manipal Cigna health insurance!