What’s provided by a health insurance policy?

In the past decade, there has been a 10% hike in the cost of basic healthcare facilities. A huge population of our country also makes the availability of best facilities pretty expensive. That’s why it becomes very critical to have a health insurance policy in India. This insurance provides cover up to some definite amount. For example, if someone buys such a policy and have a cover of 5 lacs in it then if he needs any medical treatment his medical bills up to 5 lacs. This feature is the most important one because it lowers the burden of bearing medical bills. However, there are other great benefits to buying a health insurance policy in India. As per section 80D of Income Tax Act, 1961 income tax you can save your income tax by having such insurance. We at expert insurance provide the best health insurance policy in India.

When a health insurance policy in India should be bought?

Although a health insurance policy is a beneficiary regardless of what your age is but it’s better to buy it at a young age. The reason behind this is, at a young age the premium of such policy is comparatively low. It is low because at a young age (25 for example) a person’s immune system is a lot better. A young person is less likely to catch the disease as compared to an old person. Buying this insurance at a young age is also better because a young person is most likely to avail no claim bonus. No claim bonuses are given whenever someone doesn’t raise the claim in a year on his health insurance policy in India. This kind of bonus helps in lowering the rate of premium at the time of renewal of the policy.

How travel insurance is any different than a health insurance policy in India?

People always doubt that travel insurance is similar to health insurance. This is mainly due to the reason that travel insurance also covers medical bills during the trip. This statement is completely false as travel insurance bear the medical expenses but up to some extent. Travel insurance only makes sure that the person gets back to his home and then get complete treatment. Whereas, a health insurance policy in India makes sure the medical treatment up to the full claim limit. Travel insurance covers other perils too such as trip cancelation, lost luggage etc. A health insurance policy in India will cover your medical bills everywhere whereas travel insurance will not cover unless you are traveling. At expert insurance, we provide the best of the insurance from a wide range of selection. You can consult us at any given time.