Pakanj Mathpal says that health insurance claims are made for medical and surgical expenses. Health coverage is available according to the policy. Being health insured reduces the burden of hospital expenses. Get the right information about the type of health insurance.
Choose the right plan as per your requirement and provide the right documents for the policy. Tax benefits are also available on the health insurance policy. Along with this, the facility of plan switch off service is also available.
People often make complete preparations for all kinds of investments including mutual funds, FDs, stock market but become careless about their health. Yes, you understood it right, today we are talking about Health Insurance Policy. Health insurance policy has become an important need of every person. In such a situation, why is it necessary to have a health insurance policy and what is its fund? Let us understand the health insurance fund from Optima Money Managers MD Pankaj Mathpal .
Health insurance fund
Pakanj Mathpal says that health insurance claims are made for medical and surgical expenses. Health coverage is available according to the policy. Being health insured reduces the burden of hospital expenses. Get the right information about the type of health insurance. Choose the right plan as per your requirement and provide the right documents for the policy. Tax benefits are also available on the health insurance policy. Along with this, the facility of plan switch off service is also available. Additional health cover is available through Super Top Up. Loyalty discount is also available on premium.
keep these things in mind
Pakanj Mathpal says that do not buy any plan seeing the cheap. It is better to buy the policy online. Compare your policy with different plans. Make sure to check the claim settlement ratio before buying the policy. You should keep in mind that the policy you are buying should be according to your needs. The policy should cover both cashless payment and reimbursement. Choose the plan only after looking at the good features and prices. Give the necessary information related to health to the insurance company.
How many types of health insurance
Mediclaim insurance, individual coverage, family floater coverage, senior citizen coverage and group health insurance are such types of health insurance.
Senior Citizen Plan
Insurance can be purchased for people above 60 years of age. While taking the policy, choose the policy for medical checkup and better premium. Senior citizen plans have terms and conditions regarding ailments. It is important to check the waiting period while taking a senior citizen plan.
Critical illness insurance
Talking about critical illness insurance, Pakanj Mathpal said that critical illness insurance covers a wide range of diseases. In this, the cover of diseases depends on the insurance companies. Therefore, it is necessary to read the terms and conditions of the policy. Cancer, heart attack, kidney, dialysis, stroke, main organ transplant, open chest CABG, heart valve, coma, paralysis, multiple sclerosis come under critical illness insurance.
Ayushman Bharat Scheme
The central government launched the Ayushman Bharat scheme. Ayushman Bharat Yojana is a health insurance plan of 5 lakhs. There is separate insurance for senior citizens, women and children. Under this, the facility of getting cashless / paperless treatment is available. It also provides cover for chronic diseases. Pre and post admission expenses are also covered. The expenditure on transport is also included in the Ayushman Bharat scheme.
Tax benefits
Tax exemption is available on the premium of health insurance up to 25,000. At the same time, tax exemption of up to 50,000 is available for senior citizens. Tax can be saved up to a maximum of ` 1 lakh through an insurance policy. Tax exemption up to `1.5 lakh is available under section 80C while tax exemption is available on many plans under section 80D.
Plan switch off service
Plan switch off service is better for those who are going to travel abroad. The plan switch off service provides the facility to switch off the insurance during the journey. Rebate on premium is also available at the time of plan renewal.
Top-up plan
If you already have an insurance plan, you get additional cover through a top-up plan. Additional cover is available at low cost. The company does not conduct medical screening for this. This plan is linked to the cost deductible limit. This limit is fixed beforehand.
Top-4 Health Insurance Plans
HDFC Ergo Optima Secured, Star Comprehensive Health Insurance, ICICI Lombard Health Insurance and AB Activ Health Platinum Enhanced are the top-4 health insurance plans.
