What are the benefits of taking a health insurance and how to put complaints in case you are not happy with your insurance provider? Let us look into these aspects in the following sections.
What are the benefits of health insurance?
Let us look at the benefits of health insurance in this Indian Money review.
Healthcare is expensive. Technological advances, new procedures and more effective medicines have driven up the cost of healthcare. This increase has to be borne by the consumer, making treatment unaffordable for too many. Health Insurance overcomes these obstacles so that you remain free of anxiety regarding your health. Think for a moment about the enormous medical costs you would incur if you suffered a major accident tomorrow or were suddenly stricken by an illness. Uninsured people live with such risks every day. Health insurance seeks to shield you from that risk. It provides the much needed financial relief. You also get tax benefit under section 80D of the Income Tax Act.
Expenditure on Hospitalization
As per Indian Money Bangalore, the main benefit of having a health insurance is that you get required coverage for expenditure on hospitalization. Such expenditure would include nursing cost, room rent, operation theatre charges, and similar other expenditure.
Tax Benefits
According to IndianMoney.com, the other benefit of having health insurance is that you are able to get tax benefit (as per section 80D). This way you are able to get coverage for your health problems as well as avail tax benefits.
There is a tax benefit available under Section 80D of the income tax act 1961. Every tax payer can avail an annual deduction of Rs. 15,000 from taxable income for payment of health Insurance premium for self and dependants. For senior citizens, this deduction is up to Rs. 20,000. To Know the extent of your tax benefit, call us on 080 67974000.
Cashless Medical Treatment
When there is a medical emergency and you do not get the time or scope to withdraw cash for hospitalization, this cashless option comes as a blessing. Cashless option means that you just have to show your cashless card at the hospital and your treatment will occur with you having to pay any cash.
However, you will have to keep note of the fact that no all medical centers provide this facility and you will be able to go cashless only in select few medical centers with which the insurance company has a tie-up.

How to put complaints in case you are not happy with your insurance provider?
As per Indian Money Bangalore review if you are not happy with the service you received then you can do the following:
1. Contact the Grievance Redressal Officer of insurance company.
2. Provide the complaints you have in writing.
3. Get acknowledgement (written) from the insurance company.

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