Hospitalization and treatment can incur huge medical expenses. This is because along with other rising costs, medical costs are increasing tremendously. An ideal solution to curtail such expense is through medical insurance. Health insurance is a must have for people of all ages and professions. Those who are employed in big multinationals as well as the self-employed should take it because it provides them and their family vital protection when an unexpected medical problem arises.

What Is The Protection Offered By Health Insurance?

A basic healthcare insurance policy will not cost much and will provide a wide range of protection that can bring down financial stress caused by a serious medical problem. Here is a look at its benefits:

·       It  pays for  medical treatment expenses

·       It offers payment for hospitalization and also covers expenses that happen before and after hospitalization

·       In the event of a critical illness it pays a lump sum

·       It pays for cash requirement at the hospital

·       Its covers for day-care expenses

These are some of the expenses that the policy pays out and there are lots more. You can opt for add-ons such as cash allowance at the hospital, nursing and ambulance cover, education fund for children, expenses for accompanying person etc. These additional benefits enable you to save on those expenses that you are likely to incur when taking treatment.

Today's fast paced life exposes you to so many risks. Without mediclaim insurance, facing the brunt of heavy medical expenses is difficult to deal with. It is not enough if just one person takes a policy, it is necessary for the entire family to be under insurance protection.  By taking a floater policy, every member in the family is covered by health insurance. This proves to be very useful when someone suddenly falls sick and needs treatment through hospitalization. It does not matter if you have employer coverage for medical expenses or if you are employed in a multinational with a high salary, taking insurance is the best and only means to protect yourself against unexpected medical problems.

Reduce Tax Burden With A Health Policy

Health insurance is also a good tax investment option. You can use it to get deductions on taxable income under Section 80D of the Income Tax Act. If you have been seeking a means to bring down taxable income getting a health policy is a good way to do it. 

How To Apply For Health Insurance Policy?

Applying for a health policy is easier now more than ever with online application facility. Just visit the insurance company's website and fill out an application form. They will get back to you with policy documents in a week's time.  Your policy documents will be sent by post or email. You can make payment for premium and also do renewal online.  Online policy application and renewal saves time and efforts. It enables you to get coverage instantly right form your home.