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Second documentShould You Choose Short-Term or Long-Term Health Insurance?Open original ↗
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Conclusion
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Long-term Health Insurance Plan
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
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When Should You Buy Health Insurance?
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When Should You Buy Health Insurance?
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What are the Benefits of a Health Insurance Plan?
Other Benefits: With health Insurance coverage, you get several other benefits like free medical check-ups, life-long renewal, alternative treatment and others. Also, the premium paid towards health Insurance can be claimed as a tax deduction, attracting a benefit of up to ₹75,000 under section 80D of the Income Tax Act .
Short-Term Health Insurance or Mediclaim Insurance
Tax Benefits: You can claim a deduction u/s 80D for premium payment of up to Rs 75,000. Cashless Hospitalisation: The policy allows you to avail of the cashless facility at networked hospitals. Thus, quite useful in emergencies.
What are the Benefits of a Health Insurance Plan?
Cashless Hospitalisation: Besides offering high coverage at affordable premiums, insurance companies also offer a cashless claim facility . In such an arrangement, you don't have to carry bundles of cash to hospitals for treatment. The expenses are settled between the insurer and the network hospitals. While purchasing a health plan, you get a list of network hospitals the insurer is affiliated with.
Short-Term Health Insurance or Mediclaim Insurance
Tax Benefits: You can claim a deduction u/s 80D for premium payment of up to Rs 75,000. Cashless Hospitalisation: The policy allows you to avail of the cashless facility at networked hospitals. Thus, quite useful in emergencies.