health insurance myths
TRANSCRIPT
DEBUNKING SOME MYTHS ABOUT HEALTH INSURANCE
SINCE 1989
I AM FIT , I DO NOT NEED HEALTH INSURANCE.This is a myth. Health insurance policies are best bought when the person is young and healthy. This way the premiums will be lower and in the case of any emergency, the policy can come in handy. Buying health insurance early also ensures that you serve through the waiting periods for pre-existing and temporarily excluded diseases while you are still in good health.
Source : Moneycontrol
Only Hospitalization is covered by a health insurance policy. Typically, people believe that to avail the benefits of health insurance, one has to be admitted to a hospital for at least a day. But that is a thing of the past. These days, many health insurance providers, have started providing coverage for day care procedures that can be performed in a few hours at a hospital, owing to technological advancement.
Source : Moneycontrol
Price is the deciding factor. It is quite common to believe that a cheap policy is equivalent to the best policy (at least for the pocket). Typically, people while buying health insurance, seldom look beyond the premium. But when it comes to purchasing health insurance, it is wrong to seek a plan with the lowest premium. Low-cost/basic plans have restricted offerings, with essential features excluded.
Source : Moneycontrol
With the financial year coming to a close, there is a flurry of activity to ensure that we use our tax exemptions to the full limit. And while health insurance does provide tax benefits that should not be one’s primary objective while buying health insurance. Better buy insurance for its main purpose and that is to insure your health against all eventualities. Always remember health can never be a compromise and thus, the cover should not be dictated solely by the objective of tax benefit. Do assess the cover required and the plan best suited for you. Tax benefits under Sec 80D should be considered incidental at best.
Source : Moneycontrol
www.latinmanharlal.comEmail: [email protected] I Tel No: 022-40824082
Viraj, 5th Floor, 124, S.V. Road, Above HDFC Bank , Khar (w), Mumbai- 400 052.
SINCE 1989
TO KNOW MORE CONTACT