Best Reasons to Buy Health Insurance During the Holiday Trip

Best Reasons to Buy Health Insurance During the Holiday Trip

The holiday season is already started. Festivals are all about food, drink, presents, and lighting. During the holidays, you could purchase gifts for your loved ones, including clothing and jewellery, each year. These presents could or might not be really helpful.

This holiday season, instead of giving traditional presents to your family and yourself, think about giving them a health insurance plan. Health insurance is a gift that is as valuable as gold and should be an essential part of your financial strategy.

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Invest this Holiday Season in Your Health.

Making fresh starts is a nice idea over the holiday season. Purchasing them throughout the season is fortunate. So this holiday season, why not invest in the health of you and your family as a fresh start?

During the holiday season, you may invest in your health in two ways:

Take up a healthy way of living

People are becoming more conscious of the need to take charge of their own health in light of the recent, sharp increase in viral infections and lifestyle disorders. Changing to a healthy lifestyle will help you achieve that.

The majority of the meals consumed throughout the holiday season are unhealthy, such as sweets and fried dishes. You may make a commitment to eat more healthfully and stay away from harmful foods throughout this holiday season.

In addition to maintaining a healthy diet, you can adopt the following practises:

  • Five times a week, spend 45 to an hour exercising.
  • Get 8 to 9 hours of sleep in the morning and get up early.
  • Keep a healthy work-life balance.
  • Stress reduction
  • Take up a pastime, etc.

The price of healthcare is quickly growing

The expense of healthcare has increased dramatically in recent years. The rate of increase in medical inflation is higher than that of general inflation. You may have to pay several lakh Rupees if you or a family member is admitted to the hospital for a procedure or operation. Therefore, to protect yourself from the escalating costs of hospitalisation, purchase health insurance during this festive season.

Also Read: Citizens Bank Student Loans Review

Protection of the Family’s Health

It is your duty to safeguard the health of you and your family. A family floater plan, provided by health insurance providers, can cover every member of your family under one policy. Any ratio of family members sharing the cover is acceptable. If your parents are elderly citizens or in their mid-50s and you are in your mid-30s, you might want to have two different health insurance policies:

  • One health insurance policy that covers your children, spouse, and yourself
  • One parents-only health insurance plan

Therefore, purchase a family floater health insurance plan to give your family health protection at this joyous time of year.

Health Checkup

A health insurance policy may serve as your financial safety net in the event of hospital stays. While maintaining a healthy lifestyle, you should schedule routine preventive medical exams to keep an eye on the health of you and your family.

Preventive health examinations are available through some health insurance policies once every one to four years. Therefore, if you want to monitor your health over this holiday season, choose a health insurance plan that covers yearly physicals for every member of the family.

Cashless Payments

Subject to the terms and circumstances of the policy, the majority of health insurance policies offer the option of cashless treatment at network hospitals. The health insurance company pays the hospital directly while using the cashless facility. Therefore, this holiday season, you may give your family the advantage of cashless treatment by choosing a health insurance plan that includes a cashless treatment facility.

No Claim bonus (NCB)

The majority of health insurance policies offer a no-claim bonus (NCB) if you file no claims during the course of the year. The NCB is often awarded upon renewing health insurance by increasing the sum insured by a predetermined percentage.

Save Taxes

Under Section 80D of the Income Tax Act, the premium paid for health insurance policies is deductible from taxable income. You, your spouse, and your kids are all eligible to receive the premium. For the current financial year, there is a maximum deduction of Rs. 25,000. The highest deduction that may be taken if you or your spouse are senior citizens is Rs. 50,000.

The highest deduction permitted in cases when one or both parents are elderly citizens is Rs. 50,000.

Therefore, you will receive income tax benefits when you purchase hospitalisation coverage in addition to health insurance during this holiday season.

During this Holiday Season, Give to your Family the Blessing of Health.

You and your family will receive advantages from a complete health insurance plan, such as yearly physicals, hospitalisation coverage, and out-of-pocket expenses. You may provide your family a comprehensive health insurance package by including personal accidental insurance, critical sickness insurance, etc.

They will evaluate your needs and provide recommendations for a suitable health insurance plan based on their analysis. Thus, this holiday season, seize the fortunate chance to get health insurance for your loved ones and bestow upon them excellent health.

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