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Little health insurance premium that goes a long way

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Updated: Tuesday, September 17, 2013, 10:25 [IST]

Little health insurance premium that goes a long way

With increasing medical care costs having health insurance becomes crucial... When asked about health insurance, people usually say something like, "I am healthy, I don't need health insurance" or "I have health coverage but I never used the benefits."

Ask the same question to someone who was uninsured and faced a serious medical emergency.

Many a times, medical emergencies don't just wipe out your entire life savings but also cause the stress of arranging for additional resources needed. Not having adequate health insurance not just leads to a financial drain but also affects the entire family emotionally.

Now consider being covered by a health insurance policy. No matter how unexpected the medical emergency, financially you don't have to worry about the hefty medical bills and can concentrate on the recovery.

That's because you know that the insurance company will take care of the financial burden. This wise decision to pay a small sum for health coverage ensures you can access the best medical facility needed without shelling out your life's savings, and borrowing from others. For example: A small sum of Rs. 10,600* can ensure your entire family from health care emergencies upto Rs 2,00,000.

The right time to buy health insurance...
There is no right time to buy health insurance.

You may not have a family or personal history of illness. But you never know when an accident or serious illness can wreak havoc in your otherwise happy and peaceful life. With a health insurance policy, just a small part of your savings gives your entire family complete peace of mind.

Opting for the family floater option, helps you ensure yourself and your family (spouse, two children and two parents) under a single policy at a reasonable cost. Many insurance companies today also provide health coverage for day care procedures - ensuring you go back home to your loved ones at the earliest.

Health Insurance also provides tax benefits under Sec 80D of the Income Tax laws.

Conclusion
Yes, health coverage does cost money - but not having one can cost you several times more.

Save yourself from the financial burden of a medical emergency. Ensure the health of your Happy Family today!

*If you are 26 years old and your spouse is 24 years old and you have a one year old boy then for the SA of Rs. 2 lakhs you will have to pay a yearly premium of 10, 600.

As shared by Mohit Rochlani - Head Bancassurance. IndiaFirst Life Insurance

Disclaimer: Insurance is the subject matter of the solicitation. Please read the sales brochure carefully before buying the plan. Tax benefits are subject to change in law from time to time. You are advised to consult your tax consultant. IndiaFirst Life Insurance Company Limited. IRDA Registration No. 143. Registered and Corporate Office Address: 301, 'B' Wing, The Qube, Infinity Park, Dindoshi - Film City Road, Malad (East), Mumbai - 400 097. www.indiafirstlife.com. SMS to 5667735 SMS Charges apply. Toll free No - 1800 209 8700.

Story first published:  Monday, September 9, 2013, 14:20 [IST]
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