Insurance Tips: What are the benefits of health insurance, and what things should be kept in mind before taking a policy?

A major reason for poverty in India is the expenditure on diseases. Here even middle-class families are said to be just one disease away from becoming poor. To reduce this risk, taking health insurance can be a good option.

However, even today due to a lack of awareness, people consider mediclaim or health insurance a waste of money. But, at the time of any major disease or accident, you realize its importance. Let us know why it is necessary to take health insurance, what are the benefits of taking it and what things should be kept in mind while taking insurance.

Why is health insurance necessary?
Data from the Central Health Department shows that in 80 percent of medical emergencies, the patient's condition worsens due to financial problems. Expenses on medicines continue even after discharge from the hospital. Many times, due to the heavy expenses of treatment, people are forced to sell jewelry, land, and even houses. They also get trapped in the debt trap, which does not leave them for life. Health insurance can save you from all these problems.

Benefits of Health Insurance
The biggest advantage of health insurance is that you can treat yourself in a better way without any financial stress. You will not have to compromise on your savings and household expenses. Nor will you have to beg in front of anyone. There will also be no need to sell jewelry or property. Things like hospitalization expenses, surgery, medicines, and doctor's fees are covered by insurance. A cashless treatment facility is available. Tax exemption benefits are also available.

What things should be kept in mind before taking health insurance?
In health insurance, you should pay the most attention to the coverage amount.

The insurance premium rate and payment terms should be read carefully.

Keep in mind the things to be covered, such as surgery, medicines, and hospital fees.

Also see the list of network hospitals, where you can get cashless treatment.

If you already have any disease, then keep in mind the coverage for it in the policy.

Keep in mind the waiting period, in which coverage is not available for some diseases.

Keep reviewing your policy and also make changes as per the need.

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