By Malvika Kashyap
June 8, 2022
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Health insurance is a contract in which the insurance company commits to pay for medical expenditures if you, as an insured, become ill or are involved in an accident that requires hospitalisation.
Health insurance has become a requirement in today's society. It is critical that you and your family are insured by a trustworthy health insurance policy.
A health insurance coverage can be a lifesaver in an emergency, especially if the family's breadwinner is unable to work. It would relieve your anxiety in the event of a medical emergency.
Purchasing an insurance online will enable you to address health-related difficulties and receive the best medical treatment possible without having to worry about costs.
In most cases, insurance companies have partnerships with hospitals, referred to as network hospitals, that provide cashless treatment to covered individuals in the event of hospitalisation.
Policyholders can transfer their existing health insurance policy to a new provider through health insurance portability.
Given India's escalating medical costs, it's more important than ever to secure a dependable health insurance policy in a timely manner.
Under Section 80D of the Income Tax Act of 1961, the government encourages people to buy health insurance by providing tax deductions on the premiums they pay.
Insurance companies reward customers who do not file a claim during the insurance year with a No Claim Bonus (NCB).
The lifetime renewability feature allows policyholders to renew their health insurance policy at any time, regardless of their age or maximum age limit.
So, don't wait any longer to make the most of your money by selecting an optimal health insurance coverage in India at a low price.
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