People flock to India in search of happiness and joy during festivals and celebrations. Every festival, no matter how old it is, has something new for everyone. Diwali, whether for a child or an adult, evokes a sense of excitement and enthusiasm that one wishes to retain for the rest of one’s life. What could be better than sharing this spirit with their loved ones? It adds to the enjoyment and warmth of the occasion.
But consider for a moment if one of their loved ones becomes ill during such festive occasions! At such times, the last thing anyone wants is medical bills that pile up quickly as a result of the patient’s various checkups, medications, and emergency treatments. Everyone’s mood suffers as a result of this.
This is where health insurance comes in to help them and their families get out of such difficult situations. A Healthy Policy will cover the medical insurance needs of an individual and their family members, ensuring that there are no additional costs for treatment during unplanned illnesses or emergencies.
Advantages of Family Cashless Mediclaim Policy
Let’s take a look at 11 advantages of a family cashless mediclaim policy:
Get Cashless health insurance – Medical costs continue to rise, making it difficult for people to support themselves financially. With the availability of cashless claims, one can be confident that all necessary procedures for fully recovering from illness can be completed without concern for bills or money.
2. Covers All Members – A family is not complete unless every member is covered. And, regardless of age, a policy will cover all members of a person’s family, not just the person and their spouse.
This ensures that their children and in-laws can receive treatment and care based on their needs and requirements as needed.
3. Tax Advantages – When an illness strikes during the holiday season, people are concerned about how things will turn out in such a short period because medical emergencies require immediate attention like never before. However, with tax-advantaged health insurance policies, they can be confident that there will be no further obstacles. In addition, they will be exempt from paying taxes on their health insurance premiums for the entire year.
4. One-Time Premium Payment – The most significant advantage is that they can pay their one-time premium and then forget about it. There will be no additional burden on them because most companies revise their rates regularly, ensuring that their financial situation is not jeopardized aside from medical expenses.
5. Unlimited Claim Facility – During the holiday season or on the birthdays of family members, some people give their loved ones jewelry as a token of love and respect. However, because these ornaments have monetary value, they must be insured to protect the gift from any risks associated with it. As a result, a cashless mediclaim policy is advantageous because it provides unlimited claim facilities to the insured and their family members in cases of jewelry loss, theft, or damage during the festive season.
6. Risk protection- Health insurance covers certain risks that may arise as a result of an illness or an accident. These include benefits for partial disability, total disability, and death.
7. No Claim Bonus – With a cashless mediclaim policy, one can benefit from a no claim bonus, which is given to them when medical expenses are not claimed during a given year. This amount can be used for additional treatment or saved in their family fund account regularly because the sooner it is spent, the more money they can save.
8. Lifetime Renewability – One of the most significant benefits of health insurance policies is their ability to be renewed indefinitely. As long as a person pays their premiums on time and adheres to certain terms and conditions, their health insurance policy will remain active and will provide all necessary assistance when needed.
9. Premium Subsidy – Health insurance companies offer premium subsidies based on various factors such as age, gender, occupation, and so on, making them more affordable than ever. They can save a significant amount of money this way.
10. Round-the-clock Emergency Assistance – If you have a cashless mediclaim policy, you can get round-the-clock emergency assistance from the insurance company’s panel of doctors in case of any critical illness at home or while traveling, even if it is 3 a.m. and you need help right away.
11. Coverage for Pre-Existing Diseases – Even if one had a chronic disease that had been bothering them for years before purchasing a health insurance policy, the cover provided by such a cashless mediclaim policy will still protect them against future risks related to ailments like cancer, heart attack, and so on, which may occur as a result of such conditions being left untreated earlier.
Health insurance policies are advantageous because they provide multiple benefits under one roof, such as savings on medical expenses, tax advantages, and round-the-clock assistance. Care Insurance is the best option for any insurance work because they have a solid reputation in the market.