With the corona pandemic taking over the whole world combined with the ever-increasing incidences of diseases and the ever-increasing costs of healthcare, health insurance is now become a necessity. Having a health insurance helps us to have a much-needed financial safety net in the event of a medical emergency like accidents, injuries and hospitalization. No matter how much we try, by following a healthy lifestyle and not indulging in any dangerous activity, risks and challenges of our health & well-being are still unavoidable in existence. While we can’t plan for when we fall sick, we sure can have financial backup to support through the hardships that may arise. And one of the most reliable ways to be financially prepared against uncertain health risks is by buying health insurance.
Health insurance is a type of insurance under which an insurance provider offers to pay for the medical costs if the insured becomes sick or is involved in an injury that causes the insured to be hospitalised. This means you can get reimbursed for the expenses incurred from any illness or injury or even pay the hospital or care-provider directly. You also have the option of choosing from different types of health insurance plans like individual health insurance, family health insurance, critical illness insurance, so on and so forth. Therefore, health insurance can make up for an integral part of your financial planning.
Health Insurance plans from Home Credit offer you coverage for medical emergencies for yourself and your family. Starting from as low as ₹2,681, the plans are affordable, the processing is quick & easy, you get inpatient hospitalization coverage and have an option to go for easy EMI payments.
Reasons You Need Health Insurance
- Lifestyle Changes:
A health care programme is beneficial for a variety of purposes. The extensive change in our way of life has left us more vulnerable to a variety of health problems. Daily commuting, hectic daily hours, poor dietary habits, food safety, and increasing contamination levels have all contributed to an increased likelihood of experiencing health issues. So, it’s only smart to invest for your health needs.
- Rising Medical Costs:
Health prices have sky-rocketed in recent years. As a result, in the event of a medical emergency, customers are forced to look for funds from savings, jeopardising their future plans. According to reports, when it comes to dealing with health crises, Indians depend largely on their own savings.
- Tax Benefits:
One more reason to invest in health insurance is the tax benefits. Credits are available for payments made against health care plans under section 80D of the Indian Income Tax Act. Individuals under the age of 60 will exclude up to 25,000 for health care premiums charged for themselves, their partner, or their baby. When you buy health care for your parents who are 60 or older, you can cancel another 50,000. So you actually saving up more money than you spend.
- Pre & Post Hospitalization Expenses Coverage:
Not only have prescription rates increased in recent years, but so have the costs of OPD (out-patient department) expenditures and laboratory testing, making it much more important to purchase a health insurance policy. It’s worth noting that health care plans offer coverage for not just the costs of hospitalisation, but also the costs of OPD visits and screening & testing both before and after a set period of time.
- Additional Benefits:
Health insurance plans also have services such as ambulance coverage, coverage for day-care operations, coverage for health check-ups, and responsibility for vaccine costs. AYUSH care (Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homeopathy) is now also covered through health benefits through several insurance providers.
Home Credit offers various health insurance plans that equip you to manage finances during uncertain times as health emergencies. You can choose for Self Only plans or Family Floater plans or general insurance plans starting from just ₹2,681. Sum insured is ₹3 Lakhs / ₹4 Lakhs / ₹5 Lakhs and policy tenure is 12 months. So don’t wait for an unforeseen event to strike, prepare well in advance with Home Credit Health Insurance Plans.