Today, people are finding difficult to live their life peacefully because everything is becoming expensive day by day. Life gives you surprises at any time and no one can predict what is in store for us tomorrow. Today, Mediclaim policies have become a need of the hour. Once you step into the hospital, you might end up coming back with your empty pockets. Many people believe that certain things happen after a certain age and hence tend to postpone things like mediclaim, life insurance, health insurance.
Any illness or accident does not warn you beforehand. Issues regarding health are always unpredictable. And if such condition arises will you have the instant cash to settle all those hefty hospital bills? The expenses done at hospitals do not take time to go out of your limit. Hence, it is essential to take up the mediclaim policy to live a better life. Irrespective of your age, you will need mediclaim. Mediclaim avoids the financial trauma an individual might have to face during the emergencies.
There are many medical insurance companies, which are tied up with the most famous hospitals in the cities. Cashless Mediclaim policy is a better choice to be safe in all terms. If you hold certain medical insurance then, you are eligible to avail of all the facilities for free in the hospitals. Once you have opted for Mediclaim, you do not have to pay a single rupee to carry out all those medical expenses. Mediclaim is recognized as a very important insurance investment and it is said that every individual should invest in it.
There are many benefits to holding a mediclaim policy. Mediclaim is the most cost-effective policy amongst all the policies. It ensures that you are covered for all your medical treatments/expenses which may occur in the future. Mediclaim coverage is provided to all who fall into the age category of 5 months to 80 years of age. How much you can claim per year depends on which type of policy you have taken. You can protect your family members by getting additional coverage for your family members.
You can as well avail of the tax benefits by getting a medical insurance policy. Under Section 80D of the Income Tax Act, 1961, you can have tax benefits on the insurance premiums. The limit of premium paid is the maximum of Rs. 25,000 and if your parents are dependent then you get an additional Rs. 25000. Senior citizens can enjoy the tax deduction up to Rs. 30000.
The rising medical cost is a big concern. Hence, it is advisable to understand the importance of medical and act accordingly.