Top 5 Reasons to Buy Health Insurance in 2023
In today’s running life, Health insurance has become prominent as well as necessary in every individual’s life. By Looking at the fact of increasing medical costs and disastrous illness in the environment, also here people having stressful life and hectic schedules are not able to take out time and invest in their well-being. It becomes difficult to notice an individual’s suffering. Health insurance covers all medical crises if needs be, so purchasing the health insurance plan at an early stage gives the maximum benefits and comprehensive deals to the insurance holder.
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Here are the 5 top reasons to buy health insurance to be a benefit holder
1. Increasing Pollution
With the rampant increase in pollution, 44% of the people in 2019 have health-related problems and have not been to the doctors or hospitals. A hidden blanket of haze is harming a number of people around the globe and it’s still getting worse day by day. Regarding these issues, a health insurance company covers all your major crises.
Breathing healthy air is everyone’s basic requirement and living in a healthy environment but because of the air pollution and vastly spreading of various diseases in the atmosphere making everyone sick. In today’s time, the people of Delhi do not even breathe pure air, and not only Delhi city facing this kind of issue. Most of the big cities of India face pollution issues. National Air Quality Index shows that every day the level of polluted air in Delhi is at its worst. So by purchasing the health plan you will get assured claims in return.
2. Young Buyers get more Benefits
There are lots of benefits to buying a health insurance plan at a young age and ensures that you get cured of any pre-existing diseases and pay the cover-up for it, also later if diagnosed with any diseases would get covered up by the insurance company. There is a saying that “everything has a fixed time and is completed at that time”, being a young person you think about exploring and having parties but one thing that you should know is “As younger as you got insured the most beneficial for you.” No one knows about tomorrow but we can play safe with getting insured, “no matter what the situation is” we have to be ready for every situation.
3. Early Planning gives a Good Deal
Buying a health insurance plan early means more benefits whenever in need and getting assured with many other benefits. At a young age, there are fewer chances of getting ill so you can easily get through with waiting periods of surgeries or any pre-existing diseases and later can claim all the benefits. Early planning means, you are doing some research about insurance and research gives you a proper idea about the insurance policy and also insurance company. Look, after proper research, you will know what is right for you and with which insurance company you want to go. There are multiple insurance companies and multiple plans, but you have to choose the plan as per your need, and in this process, this research plays a vital role.
4. Rising Medicinal Cost
In today’s life, everyone cannot afford to pay big amounts in hospitals for diseases or an accident. Also, the prices in hospitals are too high for common people to afford. Rising medical costs can cause a lot of things, like – people won’t get proper treatment, and if they get the treatment but they might be buy medicines for recover. We all are updated with the government hospitals and their service, getting the best treatment is like a dream for every people and with the help of health insurance, everyone will get the best medical treatment.
So, spending lots of money on buying medicines, an individual should buy a health insurance plan because it is cover-up all amounts sooner or later.
5. Less Deduction in Income Tax Pay Bills
Under section 80D, an individual can claim the premium paid if he is under the age of 60 years the premium amount is tax-deductible up to INR 50,000. If any one of the parents is more than 60 years old would pay the premium of INR 75,000 and if both the parents are above the age of 60 years would pay the premium amount of INR 1, 00,000. So buying a health insurance premium plan would make less deduction in the income tax pay bills and assures more benefits. these are some reasons to buy health insurance in 2020 and take benefits in Income tax.
