It is natural to always hope for the best. Hence, when we hear of diseases or disasters, we imagine it happening to someone else, but never us. However, life works in strange ways. Thus, it is imperative for all citizens of the country to invest in a long term health insurance.
Health insurance is not an indicator of bad times, but a support when times get tough. It gives you ample cover and keeps you going during difficult times. Choose an insurance that is best suited for your age and financial capacity. This way you can be rest assured of financial help at any given time.
Why buy health insurance?
Apart from the fact that health insurance provides cover there are some essential reasons which make it prudent for an individual to opt for a policy at an early age. Let’s take a look at them.
Premium is affordable
Premium amount keeps increasing as the age advances. Considering that younger individuals are less prone to get seriously ill, the premiums for younger individuals are much lesser.
Lifestyle Illnesses
Urban lives have increased the chances of lifestyle diseases like diabetes, lung problems, heart ailments and cancer. All of these entail expensive treatments, which a good health insurance can help you with. The best insurance plans insist on yearly health check-ups giving you an idea of how you are doing.
Financial benefits
If you don’t want to face the stark truth of what the health insurance plan can be used for, think of it as an investment. If something were to go wrong, the financial strain would not fall on the family. Health insurances are good ways to avail tax benefits as well.
Employer cover
Even though a lot of employer’s do a group medical insurance for their employees, it might not be enough. Be sure to check the fine print to know what all is covered under the group policy, before you decide against going for an individual health insurance.
Waiting period
This is a very important point to remember. Most health insurance plans do not start providing actual coverage for 2~4 years. This waiting period is best to get over with at an early age, so you have the health insurance ready for you as your age advances.
No Claim Bonus [NCB] Benefit
If you do not claim for a few years, NCB adds more value to your insurance plan and thereby increases cover. You can enjoy higher coverage without actually paying for it.
Approval
If we invest in insurance early on, chances of it being approved are much higher. As age advances, companies tend to do a more detailed scrutiny to approve the insurer’s coverage.
Bajaj Allianz General Insurance
A Brand to reckon with, Bajaj Allianz General Insurance has some of the best health insurance plans in the industry. We cater to individuals of all ages and provide flexibility that is rarely seen. Some of our best health insurance plans are:
- Bajaj Allianz Individual Health Insurance Policy
- Bajaj Health Guard Family Floater [Family Health Insurance]
- Bajaj Allianz Extra Care Health Plan
- Bajaj Allianz Premium Personal Guard Policy
- Bajaj Allianz’s Critical Illness Health Insurance Plan [Critical Illness Insurance]
- Bajaj Allianz’s Silver Health Insurance Plan
- Bajaj Health Care Supreme Plan
- Bajaj Allianz’s Hospital Cash Daily Allowance Plan
- Bajaj Allianz’s Star Package Health Plan
- Bajaj Allianz Health Ensure Plan
- Bajaj Allianz Tax Gain Plan
- Bajaj Personal Guard Accident Health Insurance
- Women Specific Critical Illness Insurance
All of these provide the following basic features, but some go beyond these standard ones as well:
- Cashless hospitalization
- Pre and post hospital expenses
- Emergency ambulance charges covered
- In-house health admin team
- 10% NCB which can go up to a maximum of 50%
- Allowing renewability
We do hope you have got a comprehensive idea of how beneficial a health insurance plan can be. Do make an informed decision to live a happy and healthy life.