Nowadays, there are several definitions of health insurance available on the internet.
Life today has become extremely stressful and hectic with unlimited stress of work and family. One is too busy going through the motions of life like a high pressure job, EMIs, education of children and home loans. All these can force a person to constantly excel at work leaving very little time or no time to dedicate to health. But medical emergencies can strike anytime and private hospitals, diagnostics and medicine charges are too expensive and government hospitals lack good facilities. Paying from your pocket can severely impact your financial health and hence medical insurance becomes a must.
Some of the benefits that you get when you purchase health insurance are as follows:
�Complete coverage for the person seeking insurance and his/her family
�Cashless claim facility
�Post hospitalisation expenses
�Free health check up
�Benefits also involves exemption from income tax in India up to a certain specified amount
When you decide to buy health insurance you either consult an insurance advisor or search on the internet yourself. By browsing various available health insurance and obtaining vital medical details you can arrive at a suitable choice when it comes to buying a medical insurance. Various points to be kept in mind when buying insurance online or through insurance advisor are as follows:
Cashless claim: The insured can avail of a cashless facility in the event of an illness or accident that requires hospitalisation. In case the hospital is not networked, the expenses incurred are reimbursed within a period of fourteen days to a month.
Post hospitalisation expenses: This health insurance benefits the insured by covering all medical expenses that are incurred within the stated period mentioned in the policy prior to hospitalisation. Some insurance companies also provide coverage on medical expenses incurred over the mentioned number of days prior to hospitalisation.
Tax Rebate in India: Health insurance entitles the insured to receive benefits on tax in India. Benefit is given to you on the premium of the policy under Section 80D of the Income Tax Act.
Some of the other facilities that one can look for while searching for the proper definition of health insurance and other medical details are as follows:
�Cumulative bonus: This entitles the insured a bonus percentage for each year that the policy has not been used
�Pre existing illness cover: Any pre existing illness discovered after the stated period of time in the policy shall get medical cover.
All the information that one needs regarding definition of health insurance, medical details and income tax in India is available online. This helps a person a great deal while buying health insurance. He can always opt for the best health insurance for parents or any other member of his family or for himself after comparing different policies available online.