Medical Insurance

Benefits of Health Insurance Health Coverage

Health Insurance plans have enhanced offerings to cover a wide spectrum of requirements, like a family health plan offers complete cover 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: Annual premium paid for health coverage are subject to tax exemption u/s 80D of ITA, 1961. Tax exemption ranges from Rs. 25,000 to Rs. 75,000. Tax benefits are subject to changes in tax laws. Other Benefits: As an innovative feature, OPD expenses are now covered under few Insurer plans and don’t require hospitalization for minimum 24 hours for claim reimbursement. Standalone OPD plans are also available in the market.