Benefits of Health Insurance
  • Why is Health Insurance Important?
  • Choose Right Health Insurance Coverage
  • Easy Buying Process With PolicyX.com
Health Insurance Benefits
Buy Policy in just 2 mins

Buy Policy in just 2 mins

Happy Customers

2 lakh + Happy Customers

Free Comparison

Free Comparison

Customized Health Insurance Plan for you.

Get upto 15% Online Discount*

Select Members You Want To Insure

Age of Eldest Member

Health Insurance Benefits

No one plans to get sick or end up in an emergency room. However, one can be prepared for its financial aspects. Medical costs associated with the treatment of some diseases can burn your pocket holes rapidly.

To create a safety net for your finances against expensive medical bills, you should invest in the right health insurance plan for maximum benefits. Such plans provide coverage for all hospitalization expenses, thus safeguarding your finances for future benefits.

If you are still hesitant to invest in a health insurance policy or you think that it is not at all necessary, then this post will make you aware of the importance and benefits of health insurance plans.

Importance of Health Insurance

The current pandemic has taught us that medical exigencies are quite unpredictable and can cause significant financial upheaval. The high medical expenses and bank-breaking hospitalization charges can prove extensively strenuous in terms of finances, especially in the private sector. Therefore, getting the best health insurance plan can provide you with all-round protection in the most needed times.

Let's say, Anita is a school teacher earning around Rs. 30,000 per month and she doesn't believe in the benefits of a health insurance plan. She met with an accident and broke her leg, which landed her in an emergency room. The cost of fixing her broken leg (leading to surgery) rose between Rs.1-2 lakhs, which dramatically drained out her savings.

If she would have had a health insurance plan, then it would have provided her with maximum health coverage, thus keeping her financially safe from high and unexpected costs.

Health Insurance Companies

Key Benefits of Choosing The Right Health Insurance Policy In India 2023

Before choosing an ideal health insurance policy for you and your family, it is important for you to fully understand the benefits that a plan will offer you. For your convenience, we have mentioned some of the benefits that a Health Plan will give you. Take a look below to understand the benefits of choosing a right health plan:

  • Financial Safety
  • Hospitalization Expenses
  • Income Tax Benefits
  • Cost For Day Care Procedures
  • Complimentary Checkups
  • Lucrative Deals
  • Cashless Treatments
  • Other Takeaways
  1. Financial Safety

    As the cost of medical treatments is sky-rocketing day by day, the right insurance policy will offer all-around protection from strenuous and unexpected financial upheaval. If you wish to avoid paying highly expensive medical bills or spending on expensive medicines, then choosing the right health insurance policy in India is of utmost importance to keep your savings intact.

  2. Hospitalization Expenses

    One of the key health insurance benefits is that it covers almost all hospitalization expenses.

    • Accidental hospitalization: In case the insured person had met with an accident, he can claim his expenses arising out of hospitalization.
    • ICU room rent: It provides coverage for the rent of being in ICU (Intensive Care Unit) room.
    • Illness related hospitalization: In case the insured person is hospitalized due to an illness or disease, he can claim the expenses arising out of hospitalization.
    • Organ donor expenses: If the insured person is a recipient of an organ, the expenses related to the treatment as well as surgery are covered.
    • Domiciliary treatment: If the insured person is required to take treatment at home under medical supervision, all the expenses will be covered.
    • Pre and post-hospitalization- Expenses before treatment and after discharge are well covered under health insurance (up to policy's TnCs).
  3. Income Tax Benefits

    Buying the right health insurance plan also provides you with income tax benefits. According to Section 80D of the Income Tax Act, 1961, individuals can claim tax deductions up to Rs. 1 lakh. Therefore, it leads to less deduction in income tax bills and extensive profits for the future.

  4. Cost For Day Care Procedures

    With technological advancements in the healthcare sector, surgeries and treatments that required several days to complete in the past now could be completed within 24 hours. Therefore, the right health insurance policy can assist you in covering the costs for some treatments, such as ear operations, nasal treatments, etc. that don't require more than a day of hospitalization.

  5. Complimentary Checkups

    The right policy will also provide you with the benefit of free check-ups so that you could be aware of any health condition (if present). However, this varies from one health policy to another.

  6. Lucrative Deals

    In case you have started planning to purchase health insurance early, you can receive better benefits than other people (aged older) such as higher coverage at lower premiums, longer policy tenure, fewer chances of facing the waiting period, among others. Young minds need to understand that an early start can bring a stable future.

  7. Cashless Treatments

    Today, health insurance companies provide the joy of cashless hospitalization. Over here, the insured doesn't need to pay from his pocket. All the expenses are borne by the respective insurance company.

  8. Other Takeaways

    Apart from the above, an effective health insurance policy will gladly cover expenses arising out of ambulance transportation, alternative treatments (AYUSH) and also provide NCB and daily hospital cash allowance to the insured.

Check Health Insurance Premium
Check Health Insurance Premium

How To Buy Health Insurance From PolicyX.com?

PolicyX.com provides you with a best health insurance plan that can offer multifaceted protection to your finances and health. We, being one of the leading IRDAI approved online insurance web aggregators in India, lend you a helping hand in your most needed hours. Now that you are cognizant of the health insurance benefits, you must know the process of buying a health insurance policy from PolicyX.com. Here are a few steps to do so:

  • Fill the form 'Get Quotes From Top Insurers' on the top of this page.
  • Once done, click on 'Continue'. Enter more information and tap on 'Proceed'.
  • Out of all the health insurance plans, go with the one that best suits your needs.
  • Choose the sum insured, add-ons (if needed), and check the premium details.
  • Pay the premium and the policy will be sent to your registered mail id.

Final Thoughts

Your health is your wealth. Don't take any chances against it. Keep the importance and the benefits of health insurance in your mind and select the right one based on your needs and requirements.

Health Insurance Articles

What is OPD Cover?

What is OPD Cover?March, 2022

What Our Customers Have to Say

Customer Review Image

Richa Agrrawal

Mumbai

May 1, 2023

my experience with PolicyX has been overwhelmingly positive. Their excellent service, a wide range of insurance options, user-friendly website, competitive pricing, and trustworthiness make the...

Customer Review Image

Bhaskar Dubey

Bhopal

May 1, 2023

PolicyX consistently offers competitive pricing for insurance policies. I have found their premiums to be reasonable, often lower compared to other sources.

Customer Review Image

Piyush Kumar

Indore

May 1, 2023

PolicyX offers a wide range of insurance options from various insurance providers. Their website allowed me to compare different policies and choose the one that best suits my needs and budget.

Customer Review Image

Sakshi

Chandigarh

May 1, 2023

PolicyX has consistently provided me with excellent service. Their team is knowledgeable, responsive, and always ready to assist.

Customer Review Image

Aniruddh Singh

Chandigarh

May 1, 2023

I am satisfied with the customer service provided to me when I had a small query regarding my HDFC health insurance policy. Thank you to the customer support team of PolicyX

Customer Review Image

Smita Patil

Bengaluru

May 1, 2023

I have availed health insurance services from PolicyX in the year 2021 and I must say that they are reliable and have supported me with claim settlement without any delay.

Customer Review Image

Durgesh Kumar

Jaipur

March 25, 2023

Best health insurance claim mere leg ka surgery hui h 22.03.2023 ko 2 hrs m claim approval aa gya tha mari policey ko 7 month hi hua h mera claima 44000 rupaye ka tha 100% company n pay kiya h ...

Customer Review Image

Ajay Kapoor

Delhi

March 24, 2023

Bad experience operate 6th jan 2023 my claim no 31418820 Ajay Kapoor mob 7838722273 till date 24 mar 2023. No reimburse ment amount 67367 not recd . always demand new query. I send you after op...

Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.