Health Insurance or Mediclaim as commonly know refers to protection that is provided to a policyholder as a cover against unexpected medical emergencies.
Mediclaim policies are the best way to handle crisis situations like injury or illness at any age in life with ease. It takes away the burden of medical expenditures, whether planned or sudden.
Policyholder may get cashless facility based on insurance company only if insured visit one of their networked hospitals. Health insurance companies in India will pay the medical bills of the insured when policyholder gets injured in an accident or becomes sick. Healthcare plans are available for an individual and families as well. Buy best health insurance policy for family and you can easily afford the best medical facilities for them. It ensures that all hospitalization aspects are well covered, so that you can concentrate your attention on good health of your family.
DOES AGE EFFECTS health insurance PLANS AND PREMIUMS - Your age definitely affects your insurance plan in terms of coverage as well as cost. The older you are, the costlier your health insurance premiums. As you grow older, your body becomes increasingly prone to illnesses, disorders, and malaise - hence the increased insurance premium costs.
Tax Benefits - You can avail tax benefit on the premium payment under section 80D of the Income Tax Act.