The importance of health insurance: secure your health and finances

Health insurance has become essential for securing your health and finances. With the ever-increasing costs of medical care, a health insurance policy becomes the most crucial investment to stay financially equipped for any emergency. Whether you are young and healthy or older and dealing with chronic health issues, health insurance can provide peace of mind and along with financial protection.

Importance of health insurance

The most significant benefit of having health insurance is the ability to access quality healthcare services in a cost-effective manner. Whether you need a routine check-up or a more extensive medical treatment, your insurance policy can help cover the expenses. If you are dealing with a chronic health condition that requires ongoing care, health insurance becomes more beneficial.

In addition to providing financial protection, health insurance can also help you stay healthy. Most policies offer preventive care services, such as annual physicals, immuniszations, and screenings. These services can help you detect health problems early when they are easier to treat, saving you from more serious health issues down the road.

Get cashless treatment

Another important benefit of having a health insurance policy is the option to avail of cashless treatment. Health insurance providers offer cashless treatment facility by collaborating with several hospitals across the country. They create a network of hospitals where the policyholders can easily get treatment without paying the bills in cash. The insurer directly settles the bills with the network hospital, so you can focus on the treatment and recovery without worrying about the funds.

Health insurance gives value for money

Paying the premium for health insurance may seem expensive, but not having one can cost you even more. Paying for medical expenses out-of-pocket during emergencies may drain your savings. This may affect your financial planning. This could especially get challenging if you are dealing with a chronic health condition that requires ongoing care. A health insurance policy secures you financially for such medical emergencies, ensuring your savings are intact. 

Avail tax benefits

Health insurance plans also provide you with tax benefits. You get tax exemption for premiums paid toward health insurance plans. This can help to reduce your taxable income and lower your tax liability, which can result in significant savings.

Secure your savings

Health insurance policies helps you to reduce out-of-pocket healthcare expenses. Without health insurance, you may have need to pay for medical treatments and procedures entirely out of pocket. You get coverage for the medical treatments and procedures, partially or fully, under the health insurance plans. This ultimately keeps your savings intact.

Peace of mind

Health insurance plans can also provide peace of mind for you and your family. Knowing that you and your family are covered in the event of a medical emergency or illness can help reduce stress and anxiety.

Choose the right health insurance policy

To choose the right policy for your needs, consider factors such as your health history, budget, and preferred healthcare providers. You may also want to think about how often you use medical services and what types of treatments you are likely to need in the future. You can check for health insurance policies online. Compare the coverages, premiums, add-on covers offered, and terms and conditions on the policy before buying a health insurance policy. Check if the policy covers all your medical needs and is worth the premium you pay to get adequate coverage.

You can buy health insurance policy from through Bajaj Finance Insurance Mall without any paperwork. Bajaj Finance offers 100% digital buy process. Choose from the range of health insurance policies offered by leading insurers at affordable premiums to stay financially secure.

Disclaimer: *T&C Apply. Bajaj Finance Ltd (BFL) is a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, HDFC ERGO General Insurance Company Limited, ICICI Lombard General Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, Niva Bupa Health Insurance Company Limited , Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits are subject to applicable tax laws . Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change.  URN No. ADVT/NR/23/275