Health insurance has become an essential consideration today due to the increasing healthcare costs and changing lifestyle and disease patterns. People are looking for comprehensive coverage to ensure they have the necessary financial support in case of unexpected medical emergencies. Among several health insurance policies in the market, a Rs. 25 lakh health insurance premium is one such policy that provides extensive coverage, taking care of all your health needs.
In this article, we will discuss various aspects of health insurance policies with coverage up to Rs. 25 lakh, such as their benefits, features, and how to choose the best plans.
What is a Rs. 25 lakh health insurance?
These are health insurance policies offering coverage for medical expenses up to Rs. 25 lakh. This includes hospitalisation costs, surgeries, diagnostic tests, and other related expenditures. The sum insured acts as a financial cushion, mitigating the burden of medical bills and allowing individuals to focus on their recovery without worrying about the financial aspect.
This substantial coverage can prove invaluable, covering a wide array of medical expenses and providing peace of mind to individuals and families alike.
Benefits of buying a health plan with up to Rs. 25 lakh coverage
Given below are the key benefits for opting for an insurance plan providing a coverage of up to Rs. 25 lakh:
• Comprehensive coverage
A Rs. 25 lakh health insurance plan offers extensive coverage that takes care of all medical expenses during hospitalisation. It includes expenses such as room rent, doctor's fee, nursing charges, diagnostic tests, medicines, and other related medical expenses. With comprehensive coverage, you can avoid any financial burden during a medical emergency.
• No cap on expenses
With a Rs. 25 lakh sum insured, there is no cap on the expenses covered by the policy. In case of a medical emergency, if you exhaust the sum insured of Rs. 25 lakhs, you can still avail of the policy benefits, provided you have opted for a top-up plan. In this way, you can ensure that your medical expenses are taken care of, and you do not have to worry about the high expenses involved in treating a critical illness.
• Pre- and post-hospitalisation expenses
A Rs. 25 lakh health insurance plan also covers pre and post-hospitalisation expenses. It includes expenses incurred 30 days before hospitalisation and up to 60 days after discharge from the hospital. This is an added benefit as it helps in covering expenses incurred for diagnostics, consultations, and follow-up appointments.
• Cashless hospitalisation
One of the significant benefits of buying a health insurance policy of Rs. 25 lakh is that it offers cashless hospitalisation. You can avail of this facility at any of the network hospitals that the insurance company has tied up with. In this way, you do not have to worry about arranging cash for hospitalisation expenses and can focus entirely on your recovery.
• Tax benefit
Apart from the health benefits, a Rs. 25 lakh health insurance policy also offers tax benefits. You can claim a tax deduction of up to Rs. 25,000 for paid premiums under section 80D of the Income Tax Act, 1961.
If you are looking to buy a health insurance policy but are restricted due to high premiums. You can choose from a range of Pocket Insurance policies offered through Bajaj Finance. These policies provide maximum coverage at a minimum premium.
