Insurance Policy

Top 7 Advantages of Health Insurance In India: Updated 2022

As we all know health is wealth. Changing lifestyle habits, unhealthy food, lots of pollution, there are many other factors that impact on our health. As a result we suffered from various diseases and illnesses. In this modern era, the cost of medical expenses is increasing day by day. So safe yourself with high medical bills and buy a health insurance plan for yourself and your family. When you buy health insurance plans this will cover all the hospitalization expenses, pre-hospitalization, and post-hospitalization. In this blog, I am going to share all the advantages of health insurance and its importance.

Why Do We Need Health Insurance?

Basically, health insurance is like a safeguard that protects the policyholder and his/her family from medical expenses that arise due to sudden accidents, illness, or serious disease. There are many health insurance plans available that insurance companies give to their customers. So it’s up to you which plan you want for you and your family.

Importance Of Health Insurance Plans

Health emergencies do not come with a notice. Our unhealthy lifestyle habits or global warming make the human body weak so the demand for health care services increasing day by day. These days the medical treatment is very expensive, especially in private hospitals. Without a health insurance policy, hospital bills are enough to drain one’s savings. So it is necessary to buy a health insurance plan because it covers medical expenses. Except for this, health insurance offers tax benefits under 80D of the income tax Act 1961. So choose the health insurance plan that suits your requirements. Many of us don’t know about the advantages of health insurance. So read this full blog and know about the benefits of health insurance:-

Also Read: 10 Best Health Insurance Plans In India You Can Buy In 2020

Top Best Advantages Of Health Insurance

Coverage Against Medical Expenses

The main purpose of a health insurance policy is to give you protection against high medical costs. Basically, the health insurance policy covers all the hospitalization expenses, domiciliary expenses, ambulance charges, daycare procedures, and much more. So stop worrying about medical expenses, just focus on your recovery.

Coverage Against Critical Illness

Nowadays, insurance companies offer critical illness insurance, whether it is a standalone plan or as a rider. This type of health insurance policy provides coverage against life-threatening diseases like loss of limbs, kidney failure, bone marrow transplant, and the list goes on. If you are suffering from the disease which is included in the health insurance plan, then you will get the full amount. You can use this amount in various things like daily expenses, treatment costs, or any kind of financial obligation.

Cashless Claim Benefit

Do you know many insurance companies offer a cashless facility? Now you don’t need to carry large amounts of money in hospitals just choose the cashless claim facility. The medical expenses are settled between your health insurance company and the hospital. All you have to do is just fill out a pre-authorization form and display your health insurance card to get the cashless facility.

Additional Protection Over And Above Your Employer Cover

Did you know many IT or Non-IT companies provide their employees with group health insurance coverage? However, employees are not satisfied because of the policy unfit for their needs. Another disadvantage of corporate insurance is that it ends when the employee loses his job or changes in employment. So in that case, pick up the health insurance policy that helps to protect your health and financial stability when an emergency occurs.

Tax Benefits

According to Section 80D of the Income Tax Act 1961, a person under 60 years old can claim the paid. Note that the premium paid is charge deductible up to Rs. 50,000. Individuals with one of the guardians over 60 years pay Rs. 75,000 as premium, while those with the two guardians over 60 years pay Rs. 1 Lakh. Thus, purchasing medical coverage policy now would make you eligible for less deduction in income tax bills and gives you more other benefits.  

Profitable Deals

Do you know early planning can get you exclusive benefits when it comes to the health insurance sector? So if you are planning to buy a health insurance policy then do it now because it gives you amazing benefits. No matter if you are senior citizens or adults this policy is best for every age of group people. As we all know the chance of getting ill at an early age is very low, so it is easy to get through waiting periods, pre-existing diseases, and more. However, it’s easy to claim all the benefits.

Other Benefits For Young Buyers

If you buy a health insurance policy at a young age, you will get more benefits. You don’t have to deal with the waiting period which is a plus point for young buyers. Also, you are free from high claim rejections. So buy it today and get the advantages of a health insurance policy for young buyers.

So these are the top best advantages of health insurance policies that are available in various insurance companies of India. Based on your personal requirements and needs, choose the best plan, and don’t miss an opportunity to get all these amazing benefits of health insurance.


Top 10 Modi Government Schemes Launched In The Year Of 2020

2020 has been so crucial year for all of us so far. Whether we are talking about the economy, health, and other fields. We all are facing some major issues, and by taking as this serious matter our center Government has taken some important steps for recovering these issues. These Modi Government Schemes in our country are launched by seeing the seriousness and purpose of addressing the economic and social welfare of the nation. The ministry of government will ensure that in such a critical time everyone is having great opportunities to start up with their business, career, and goals.

So let’s have a look at some of the important Modi Government Schemes launched by the Modi government till now and are going to launch this year. This article will give you all the important details of Modi Government Schemes which is launched in the year of 2020.

PradhanMantri Jan DhanYojana (PMJDY):

This scheme has been launched to secure the financial related concerns of all the households in the nation by furnishing all-inclusive admittance of bank facility with a minimum of one bank account to each one of every household admittance to credit, finance proficiency, protection, and benefits office. Under this, an individual not having a bank account can open a record without the requirement of any base equalization and, in the event that they self-guarantee that they don’t have any of the authoritatively substantial documents required for opening an investment account, you are allowed to open a small account for that. The main goal of this Modi government scheme is to connect more and more peoples from banking services.

PradhanMantri Jan DhanYojana (PMJDY) Modi Government Schemes

PM Street Vendor’s AtmanirbharNidhi (PM SVANidhi) Scheme:

In these Modi Government schemes provide short term loans of up to Rs. 10,000 to small vendors like rehriwala, phereewala, etc. This is a Central Sector Scheme to encourage road merchants to get to moderate working capital credit for continuing their occupations exercises, subsequent to facilitating of lockdown. As jobs of these, every day breadwinners have been affected intensely due to COVID-19 lockdown, govt. has begun this scheme.

PM Street Vendor’s AtmanirbharNidhi (PM SVANidhi) Modi Government Schemes

Make In India Schemes:

Make in India is a vital public program of the Modi of India intended to encourage speculation, cultivate advancement, improve ability advancement, secure intellectual property, and fabricate top tier producing foundation in the nation. The essential target of this activity is to draw in investment from over the globe and reinforce India’s assembling segment. The main vision of this scheme is to gradually make India into a worldwide manufacturing center, and furthermore support business openings in the nation.

Make in India Modi Government Schemes

Mega Pension Scheme:

The Central government reported its scheme to achieve mega benefits conspire for laborers in the composed and non-composed areas, who have monthly pay beneath ₹15,000, following 60 years old. Under the plan, the legislature will contribute a coordinating offer to the representatives’ commitment of up to ₹100 consistently, to give guaranteed month to month annuity of Rs.3,000 every month. The month to month commitment will differ dependent on the time of section. This will become one of the biggest pension Modi government schemes for about 10 crores of unorganized sectors.

Swachh Bharat Abhiyan scheme:

At first, this Swachh Bharat Abhiyan crusade was run on a public level in all the towns, country, and urban territories. The Swachh Bharat Abhiyan is the most noteworthy neatness crusade by the Government of India. Shri Narendra Modi drove a neatness vow at India Gate, in which around thirty lakh government representatives the nation over joined. He likewise hailed off a walkathon at Rajpath and astounded individuals by joining in for a symbolic scarcely any means, however walking with the members for far. This plan was presented by the Prime Minister, Narendra Modi, and was propelled on second October 2014 to respect Mahatma Gandhi’s vision of a clean nation.

Swachh Bharat Abhiyan Modi Government Schemes

New National Education Policy 2020:

To make ready for groundbreaking changes in school and advanced education in the nation. New Policy focuses on the Universalization of instruction from pre-school to optional level with 100% GER in school training by 2030. The main purpose or action relies upon the resolutions of “access, esteem, quality, moderateness, the obligation” . Change Bharat into A “lively server farm”, tweeted Prime Minister Narendra Modi presently when it was uncovered. As demonstrated by the lawmaking body, the NEP 2020 has been characterized in the wake of having considered. Practically, in excess of 2 lakh suggestions from 2.5 lakh gram panchayats, 6,600 squares, 6,000 ULBs, and 676 zones.

New National Education Policy 2020 Modi Government Scheme

Pradhan Mantri Garib Kalyan Rojgar Abhiyaan:

To give occupations possibilities to migrating authorities and rural residents. The new monstrous scheme open works plan will engage. It give vocation chances to the returnee traveler laborers and residents in towns. PMGKRA Rural business mission will include strengthened and centered usage of 25 sorts of works. The fundamental goal is to give business work to traveler laborers. Shri Modi communicated fulfillment after his collaboration. He called attention to how provincial India held fast in the battle against COVID-19. How it is giving motivation to the entire nation and the world at this time of emergency.

AarogyaSetu App:

This app has been launched in this pandemic time and is available in 11 languages. This application will caution people in the event that they come in closeness with the COVID tainted people. The application will give clarity to clients about accepted procedures and pertinent clinical warnings. A great step by the Modi government..!!

PradhanMantriFormalisation of Micro Food Enterprises (PM FME) Scheme:

This scheme brings an amazing step towards the small enterprise by providing affordable credit. The food processing minister said the plan will be actualized for a long time until 2024-25. It will create speculation of Rs 35,000 center, produce 900,000 employments, and help 800,000 units.


It is like an internship position scheme for students, youthful experts to pick up business-related learning involved with the NCDC working. These students will be offered chances to convey inventive answers for the agreeable part. accordingly making it advantageous for both interns and cooperatives. Every student or interns will able to get the financial support for over 4 months of their internship time and this service is available on an online application on the NCDC site. Such a great opportunity.

Read This Also: Sukanya Samriddhi Yojana – Latest Updates You Need To Know


Do You Know Coronavirus Health Insurance Policy Becomes Essential To Survive?

 No one can forget the year 2020 because of the novel coronavirus that has affected millions of people worldwide. World Health Organization (WHO) shared the latest figures of COVID-19 are 9,193,194+ and the recovered figures are 4,940, 300. If we talk about India the cases of coronavirus are 4, 40,852 and the discharged cases of patients are 2, 48,140. As the lockdown starts in India on the date of 25 March 2020 announced by India’s Prime Minister Narendra Singh Modi, the coronavirus cases are low as compared to other countries such as China, the USA, Italy etc. People in India followed the lockdown properly and are ready to fight against COVID-19. Currently, the situation in India is much better than in other countries. Still, if you buy coronavirus health insurance policy, the health insurance companies in India cover all the medical expenses and your free fee from medical expenses.

This deadly virus spread so far and it started with symptoms of fever, cold, sneezing, coughing and can directly effect on the human respiratory system. The virus damage your kidney and lung functions and those who are 60+ age can easily catch up. So it’s very important to stay home and stay safe.

What Is Coronavirus Health Insurance?

Basically a health insurance policy covers all kinds of medical expenses. If we talk about coronavirus health insurance policy, it covers everything like hospital bills, lab tests, medicines, and much more. The policy started from the first day when the patient is suffering from the disease and it covers both inpatient and outpatient expenses. Live your life worry-free by buying the Coronavirus Health Insurance Policy in India.

Importance Of Coronavirus Health Insurance Policy

As we all know about the expenses of hospitals and their bills. It’s difficult to pay the bills of hospitals when you have a medical emergency. Buying a health insurance policy is a good idea in this pandemic period. So choose coronavirus health insurance policy for you and your loved ones and make your life stress free from financial problems.

Is Coronavirus Covered Under Existing Health Insurance Policy?

We all are going through a very tough phase so it is very important to stay calm and keep yourself safe by following the guidelines of WHO and maintains hygiene environment. Many of us had a lot of questions in our mind is their health insurance policy covered COVID-19 treatment? Well, the answer is yes, if the person already has an existing health insurance policy then the treatment for COVID-19 disease will be included. If a person opts for a policy after contracting the disease, in such cases, the person will not get the coverage for the treatment.

Things That Coronavirus Not Covered In Their Plan

Not all the things are included in coronavirus health insurance policy. Lets read about the things in detail:

Home Quarantine

The coronavirus health insurance policy cannot cover any kind of expenses while you are quarantined at home.

Non-Recognized Quarantine Centre

If you are quarantined at a non-recognized center for coronavirus treatment, the health insurance policy cannot cover the medical expenses.

Hospitalization Without Doctor’s Recommendation

If you hospitalized without any recommendation doctor which is mentioned on the prescription then the policy cannot cover the hospitalization expenses.

Pre Natal And Post Natal Expenses

The coronavirus health insurance policy cannot cover the prenatal and postnatal expenses unless it leads to hospitalization.

Pre Existing Diseases

Any medical expenses brought about on the treatment of any pre-existing diseases won’t be covered under this policy except if the holding up period gets over.

Key Benefits of Coronavirus Health Insurance

  • Coronavirus – It covers hospitalization expenses, with no additional cost
  • Copayment – Corona health insurance does not bother the age factor.
  • Claims Settlement Ratio – They offer 93.37% (GMC Health Claim Settlement Ratio).
  • Cumulative Bonus – They provide you 20% extra SI for your First Claim.
  • Cashless Hospitals – The best thing about corona health insurance is it offers 5900+ Cashless Hospitals All Over India
  • Sum Insured – This insurance gives the benefit of additional sum Insured for Illness & Accidental Hospitalization
  • Room Rent – You can choose any room in the hospital where you feel comfortable.
  • Claim Process – Online corona health insurance isDigital Friendly. No need of any hard copies is required!

How To Claim Coronavirus Health Insurance Policy In India?

There are two types of options available for coronavirus health insurance policy claiming process. One is cashless and the other one is reimbursement claims. Let’s read about these claiming processes in detail:

Cashless Claims

We live in a digital era, where every IT or Non-IT Company gives you an option for cashless claims. So if you are a coronavirus patient, just choose the hospital and show your e-health card to the hospital reception and then ask for the cashless form. If everything is good, your procedure will be continuing there for cashless claims.

Reimbursement Claims

Reimbursement claims are intended for policyholders who get hospitalized and get treatment at a non-network hospital of his insurance provider. On the off chance that you acquire treatment for COVID-19 at a non-network hospital of your insurer, you have to pay all the hospital bills after discharge. When you discharged, you need to file a reimbursement claim with your insurance provider. To do as such, you’ll need to fill up the claim form and submit the required documents such as hospital bill payment receipts, examination and test reports, and doctors prescription to the insurer within a predefined time limit. The health insurance company will check your claim properly and post that the reimbursement amount will be moved directly to your bank account.

Can A Health Insurance Policy Protect You From Coronavirus Impact?

Coronavirus is the disease in which a person takes a lot of precautions but still, he cannot protect himself 100%. In core, nobody can abstain from getting this disease. In this situation, only coronavirus health insurance can help you even in current times. This brings to focus the prerequisite for governments and for people to put human services at the forefront and take fundamental measures to direct the impact of such events.

Health Insurance – Your All-Time Friend

Purchasing health insurance policy coverage is a great way that one can ease the impact of wellbeing related exigencies. Also, the individual physically and mentally depleted, medicine, and hospitalization expenses, a prescription can be an important channel on an individual and his family.

Can A Health Insurance Policy Protect Me From Coronavirus?

Coronavirus is a kind of infection that causes an ailment like flu in human beings. Their side effects are fundamentally the same as any sort of flu-like cold, cough, and fever that decreases breathiness and respiratory difficulties. Incredibly, the disease right now has no vaccine. Those who are suffering from coronavirus treated with the medicine of Paracetamol. Doctors are trying to make the patient’s immunity strong. When the immunity is strong, the virus will automatically finish from your body. If a person has a coronavirus health insurance policy and gets the infection, at that point the entire expenses related to treating the disease will be included in the policy.

Who Is Eligible For Coronavirus Health Insurance Policy?

Coronavirus health insurance policy is necessary for everyone. Children, Youth, Old Peoples are eligible for coronavirus health insurance policy.  Those who are 60+ age have the maximum chance to get coronavirus. So in that case if you have a coronavirus health insurance policy, you can pay hospital bills easily.

Why It Is Important To Buy Health Insurance Policy?

There are many benefits to buy health insurance Policy. Some of them are in the following ways:-

Tax Savings

Everyone wants to save their tax and this is the only reason most of the investors buys a health insurance for himself and his parents so that they can easily claim for tax savings on the annual premium paid. It’s a smart way to save your money from tax.

Protects You From Critical Illness

Apart from coronavirus health insurance policy, a health insurance policy protects your from financial problems. If you are suffering from any kind of disease or illness then this policy protects you from financial loss which means your hospital bills or tests are under in this policy.

Peace Of Mind

Imagine if you have a partner in both good and bad times who always protects you from financial problems? Sounds interesting? Well if you have health insurance, you don’t need to worry about huge bills of hospitals because someone will always have your back.