Advantages of Having A Health Insurance Plan for Family
Availing a family health insurance scheme is crucial to cover any expenses that can arise due to unforeseen medical emergencies. These policies are exceptionally beneficial for those who are not covered by mediclaim or any other insurance from employers.
The benefits of such plans are mentioned below:
- Overall coverage
You can cover the healthcare needs of your family by opting for this healthcare scheme. It is designed to cover all the related expenses, including consultation fees of doctors, costs incurred during hospitalisation, ambulance charges, etc. Also, there are a few schemes that offer free check-up facilities.
- Cashless facility
Family Health Insurance Plans from NBFCs like Bajaj Finserv come with a cashless claim facility. You are not required to pay cash while availing treatment at any of the partner hospitals of your insurance provider. This facility is very crucial during emergencies when you don’t have ample cash in hand.
- Affordable premiums
Generally, the payable premium in case of a family health insurance scheme is considerably lesser than that of an individual plan. It allows complete coverage for a family while reducing related expenses.
- Scope to add new members
One of the most convenient benefits that a health insurance policy for a family offers is that an individual has the provision of adding a new member. You can add your new-born baby in your existing insurance scheme at the middle of your policy term by paying an additional premium amount.
- Tax benefits
You can claim tax benefits against the premium of your health insurance scheme. Under section 80D, you are entitled to claim dedications of up to Rs. 25,000 till the age of 60.
The above-mentioned benefits make family health insurance an ideal investment. Ensure that you compare the terms offered by various insurers before you settle for a policy to avail the maximum benefits.
