Jiyo Healthy!

Are you  skeptical of whether it is really worth your investment.

But there may be some facts which you don’t know of. Read on to know about all the benefits of having a Health Insurance:

Tax Benefit:-

Personal health insurance policy will also entitle you to a tax benefit available under Section 80D of The Income Tax Act, 1961. You can avail an annual deduction of Rs. 15,000 from taxable income for premium payment of health insurance policy. For senior citizens, this deduction is Rs. 20,000.

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Is their any tax benefit from insurance?

No matter how old you become, whether you are a parent yourself, you still have your mother exclaiming – you are getting thin; you should take care of your health, not skip meals! Phew, you are always at the receiving end of their concerns and worries.

Even if person  is  covered in your company insurance, buying a separate policy is a good idea as they get a continued coverage irrespective of the policy changes in your company or change in your job.

The Health Insurance that you buy won’t be hard on your pockets you would get a tax break under section 80D for up to Rs. 20,000.

With the health Insurance in place, they would feel more secure and assured that you wouldn’t be over burdened with expenses.

The only thing needed is to  ask  agent broker or company for a senior citizen policy. Compare different policies and select the one that is best for them in terms for age band and

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Is their any senior citizen plan?

As we age there are greater chances of suffering from illnesses. The body is feeble and is infected with diseases faster.

The income after retirement proves insufficient to even cover some of the common diseases today.

Even with you working and earning there will difficulties getting cash together when an emergency arises.

Even if they are covered in your company insurance, buying a separate policy is a good idea as they get a continued coverage irrespective of the policy changes in your company or change in your job.

Now, How:

Contact your Insurance agent or your broker; ask them for a senior citizen policy. Compare different policies and select the one that is best for them in terms for age band and Pre-Existing coverage.

Most Insurance companies require a medical test for Senior citizens. The diseases that are detected in this stage will be excluded in the policy.

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Want senior citizen plan?

Considering the expenses that hospitalization for delivering brings, certain health insurance plans cover maternity expenses.

Group health insurance:

Most group health insurance plans i.e. health insurance policies provided by companies to their employees, provide maternity benefit. These plans also commonly include- pre and post hospitalization expenses, the actual hospitalization as well as the expenses for the treatment of complications during delivery if any. Also, there are sub-limits or limits to the amount that can be claimed under maternity benefit. There are also features which cover the new born from the day he or she is born.

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Maternity benefit from group health insurance

This plan covers maternity benefit in both individual as well as family plans. The only difference is the waiting period, if you are covered in the individual plan you have to wait for 6 years before maternity expenses are paid and you have to wait for 4 years if you have a family plan.

What it covers:

• It covers maternity benefit upto two pregnancies (including caesarian section) or terminations.

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Maternity benefit by   Apollo Munich’s Easy Health

With a simple hospitalization costing thousands of rupees, you are worried that a caesarian delivery will certainly increase your expenses. With all these concerns you think of health insurance and wonder if it covers maternity expenses. Here is all you wanted to know about Maternity benefit in health insurance policies.

In this plan you have the maternity benefit if you and your spouse are covered in the family floater option. You also have to wait for 2 years before you can avail of maternity benefit.

What it covers:

• It covers the maternity benefit upto two deliveries even Caesarian deliveries upto the sub limit mentioned in the policy

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Health insurance maternity benefit

Though Regular health insurance policies don’t cover maternity expenses! But still Before you start blaming the health insurance companies for being unfair, listen to this: the basis of insurance is protection against unexpected risks. Pregnancy is not an unexpected risk and so most health insurance policies don’t cover maternity expenses.

But wait; there are few policies which cover it!

Considering the expenses that hospitalization for delivering brings, certain health insurance plans cover maternity expenses.

Group health insurance:

Most group health insurance plans i.e. health insurance policies provided by companies to their employees, provide maternity benefit. These plans also commonly include- pre and post hospitalization expenses

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Does Health insurance cover Maternity Expenses?

• Critical Illness cover insures against a fixed number of serious diseases.

• The insured receives the entire amount at once.

• It can be taken alone or along with the health insurance.

• Hospitalization is not necessary for Critical illness cover, diagnosis is enough.

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Critical Illness: Better be prepared than Regret!

The insurance company will not pay if the insured dies within 30 days of diagnosis of the critical illness.

The Insurance Company will also not pay for the Claim if Claim is made within 90 days of buying the policy.

The critical illness plan will not offer coverage if the insured has been suffering from the specified illnesses at the time of purchasing

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Remember about critical illiness plan

fCritical Illness cover is a plan which covers certain diseases like Stroke, Cancer, Heart attack which do not necessarily cause death but diminish the working capacity and which have extremely expensive treatments.

The Insurance Company hands over the entire amount of the cover to the insured at once, if he suffers from the listed diseases. After handling over the money, the policy expires.

The amount that you get is tax free. You would not have to pay anything to the government for it. Also the premium amount you pay is deducted from your taxes.

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Critical illness insurance plan