As a popular quote which has become quite cliché but yet efficient says-Health is wealth. Can anyone deny this simple fact? You cannot enjoy luxuries, happiness and pleasures of life if you are not in good health. Yet, it is one of the most ignored aspects of our lives and we don’t do much about it until we become sick and obliged to spend our hard-earned money on hospital bills. Do you know that a small invasive surgery can cost you thousands of dollars? Such medical expenses can empty your pockets and savings and we can’t do anything about it. There are thousands of families where illnesses have disturbed and somewhat ruined their financial budgets and savings. Just imagine, your savings for your daughter’s education going away to treat your chronic illness and changing the dynamics of your budget and future planning.
We can’t let this happen and that’s the reason we should buy a mediclaim policy for our family that covers all our medical expenses including medicines. If you search on the internet, you will find a large number of insurance companies offering best mediclaim plans that cover our almost all types of diseases and medical expenses including hospitalisation, lab tests, medication and post-op care. The premiums are reasonable and all we need to do is to buy a plan and that is all.
Do you want some more motivation to buy a mediclaim for your family? Here is a list of the advantages of buying a mediclaim policy for you and your family.
1. Medical expenses are rising in today’s time
This is an alarming situation. Across the globe, medical expenses are rising due to many reasons and there is no stop to it. We even can’t do anything about it, but what we can do is to buy a medical policy that covers our medical expenses. Even surgeries like endoscopy or colonoscopy are becoming more costly than before. If you or anyone in your family is diagnosed with some critical health conditions, you are in problem as such medical conditions will require immediate medical attention and you will not have time to buy a medical policy to cover the expenses. Why wait when you can just relax and enjoy life with an active mediclaim policy?
These new modern mediclaim policies even include doctor’s consultation fees. It means that you don’t have to worry at all if you have a medical policy. Just buy one that fits your preferences and budget and that’s all.
NRIs who have parents living in India must buy a mediclaim policy to save themselves from frequent India visits and other hassles associated with it. It will be a huge relief even for parents if they have a medical policy covering all the medical expenses.
It is recommended to read out the policy document carefully before signing it. Some insurance companies might skip some important factors and facilities and you might have problems later on. Discuss with your relatives or friends who are in the insurance sector and ask them about the best mediclaim policy that perfectly suits your needs and serves the core purpose.
2. Quality of treatment you will receive is superior and impeccable
Getting the best treatment for your illness is your humanitarian right and a sound Mediclaim policy just takes care of it. There are thousands of examples we can find around us where people choose not to go for medical surgeries and procedures simply because they can’t afford them. There is nothing as sickening and disturbing than it. Why take such burdens when you can easily buy a Mediclaim policy and get rid of such haunting issues. Some cancer and heart treatments are so costly that an average lower middle-class person or a poor individual can’t even think about it. A mediclaim policy can be your saviour in such conditions.
You will be able to focus on the treatment rather than the cost of the treatment and it is the benefit that you get when you have a mediclaim policy.
In addition to that, most of the mediclaim policies available in the market cover all major public and private hospitals of the city and if you want to hire a private physician or a hospital, a policy makes it possible for you. You can get the world-class treatment and that too without thinking about the money aspect involved with it.
A mediclaim policy is indeed bliss for people who cannot think of spending money on expensive medicinal surgeries and procedures.
3. Tax benefits
Believe me, most of the people, who have a Mediclaim or any other insurance policy, have bought it for the tax purposes and not for benefits they get when someone in the family becomes a victim of a health emergency. Tax benefits are the biggest motivation to buy the mediclaim policy and it will remain the same.
If you are a salaried person and your total income crosses the annual tax slab, you need to find ways to get some tax benefits. In India, if you buy a mediclaim policy for yourself or your parents, you can get tax deduction under section 80D of the Income-tax Act, 1961.
For senior citizens, the tax-saving benefit has been increased from INR 30,000 to INR 50,000 in the union budget of 2018 and you can get tax benefits accordingly.
If this is the reason you want to buy a Mediclaim, so it is. The important thing is that you buy a Mediclaim policy for you and your parents.
4. Peace of life
Once you have an active mediclaim policy, you can sleep with utmost peace. You don’t have to worry about emergency health issues that might arise in the family as they are already covered and safe. It is something that will improve your quality of life too and add peace to it.
Choose the best mediclaim policy for your family and enjoy life at fullest. Well, life is all about enjoying and not worrying. What do you think?