Protect Your Future With
HEALTH INSURANCE
Your Shield For Healthier & Safer Futuree.
What is Health Insurance?
Health insurance is essential for safeguarding against the financial burden of medical expenses, from minor issues to critical conditions. It acts as a financial shield, protecting you from the high costs of treatment, hospitalization, or surgery. For instance, during a major health crisis like COVID-19, having the right insurance can prevent your medical bills from depleting your savings. Choosing the right plan, sum insured, and premium is crucial for adequate coverage. We can assist you in selecting and securing the best health insurance to ensure you’re well-prepared for unexpected medical expenses. At MSK FinServe, we specialize in helping you select and secure the best health insurance to ensure you’re well-prepared for any unexpected medical expenses.
Why Do I Need Health Insurance?
Health insurance is crucial for managing the financial impact of health-related expenses, providing a sense of security and control over unforeseen medical costs.
Modern lifestyles expose us to various health risks, from lifestyle disorders like obesity to pollution-related conditions such as asthma. Increased stress also contributes to mental health issues, making adequate health insurance vital for protecting yourself and your family.
Medical inflation in India has surged beyond general retail inflation, with rising costs for medicines, hospital stays, and surgeries. Investing in health insurance can save you from the burden of these escalating expenses, ensuring financial stability in a medical emergency.
The global pandemic has underscored the importance of having robust health insurance. Health insurance plans offer coverage for COVID-19, addressing the unique challenges of this health crisis.
Many health insurance plans cover pre-existing conditions after a waiting period. Plans offer coverage for such conditions after a three-year period, ensuring you’re protected in the long run.
Benefits Of Health Insurance
- Hospitalization Coverage: Covers expenses during hospital stays, such as room rent, doctor’s fees, medical procedures, surgeries, and nursing care. It also includes pre- and post-hospitalization costs like diagnostic tests and follow-ups, and can extend to ICU care and emergency services with appropriate riders.
- Family Floater Plans: Provides coverage for all family members under a single plan, offering financial protection against medical expenses, including hospital stays, emergencies, and surgeries. These plans are cost-effective and include pre- and post-hospitalization expenses, cashless treatment, and preventive health checkups.
- Senior Citizen Plans: Tailored for individuals aged 60 and above, these plans cover hospitalizations, surgeries, doctor’s fees, and nursing care. They also include coverage for critical illnesses and pre-existing conditions, along with preventive checkups and higher coverage limits for age-related issues.
- Maternity Benefits: Covers pregnancy-related expenses, including normal and C-section deliveries, as well as pre- and post-natal care. Corporate health insurance plans may offer specific maternity benefits.
- Critical Illness Plans: Provides lump-sum coverage for life-threatening conditions such as cancer, renal failure, and heart attacks, covering high treatment costs.
- Hospital Daily Cash: Offers cash benefits for non-medical expenses like transportation and meals during hospitalization, paid directly to the policyholder.
- Yearly Medical Check-Ups : Includes annual health check-ups for early detection and treatment of potential health issues, reducing long-term costs through early intervention.
- Ambulance Coverage : Covers ambulance fees for transporting patients to the nearest hospital, with reimbursement available for the incurred costs during emergencies.
- COVID-19 Treatment : Health insurance plans include coverage for COVID-19 treatment, as mandated by the IRDAI guidelines.
- Taxation Benefits: Premiums paid towards health insurance are eligible for tax deductions under Section 80D of the Income Tax Act, with a maximum benefit of up to ₹1 lakh, depending on the age group.
Features of Health Insurance
Easy Settlement
Cashless Payments
Affordable Premiums
Hasslefree Process
No Claim Bonus
Premium Hospitals
100% Coverage
All Disease Covered
Frequently Asked Questions
The main benefit of health insurance is that it provides access to quality medical treatment without financial strain. It covers expenses such as doctor’s fees, nursing care, room rent, surgery charges, and prescription medicines during hospital stays. Additionally, it includes coverage for pre- and post-hospitalization expenses, as well as annual health checkups.
The best health insurance plan is determined by factors such as the extent of coverage, customization options, claim settlement ratio, and additional policy features.
Insurers usually send reminders before the renewal date. If you miss the payment, a grace period of 15-30 days is generally provided to complete the renewal.
Yes, health insurance can cover specific medical procedures that don’t require hospitalization, known as daycare treatments, ensuring benefits even in non-hospitalized scenarios.