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Benefits of Taking Health Insurance

Health Coverage: Health Insurance plans have enhanced offerings to cover a wide spectrum of requirements like a family health plan offers complete coverage to all members of a family under a single umbrella.

  • Medical Bills: Coverage against medicinal expenses incurred, including pre and post hospitalization
  • Pre-existing Diseases: Coverage for any pre-existing disease is provided to you after a certain waiting period.
  • Claim Reimbursement: Coverage for expenses incurred for hospitalization due to a medical

Tax Rebate (India): Annual premium paid for health coverage is subject to tax exemption u/s 80D of ITA, 1961. Tax exemption ranges from Rs. 25,000 to Rs. 75,000.
Other Benefits: As an innovative feature, OPD expenses are now covered under a few Insurer plans and don’t require hospitalization for a minimum 24 hrs to claim reimbursement. Stand-alone OPD plans are also available in the market.