You can’t plan when you or any of your family members will fall sick. This uncertainty can be daunting, especially when you have no support by your side to guide you through the period of difficulty. Besides the emotional struggle, handling the financial strain of medical expenses can be both frightening and frustrating. However, with a health insurance policy, this financial burden can be transferred to the insurance company.
Max Bupa Health Insurance is a leading health insurance company in India that provides a range of health insurance policies to suit varied needs. Be it for yourself or for your family, once you buy an insurance policy, the rest will be taken care of by the insurance company. So, what makes Max Bupa Health Insurance special? Read on to find out!
Why Is It Best for You?
Out of the multiple insurance companies in India that provide health insurance policies, Max Bupa has advantages that make it one of the best today. Besides providing coverage options starting as low as INR 50,000 all the way up to INR 1 Crore, the insurance company also provides the following features:
Having established itself over sixty years ago, Max Bupa has a huge customer base across the world and has evolved through customer need identification. It is the only health insurance company to have won the ‘Superbrand’ award under the insurance category for two consecutive years during 2016 and 2017 for its integrity and brand development.
No Age Restrictions
None of the health insurance policies offered by Max Bupa come with an age restriction. While health insurance is usually limited to groups of 18 to 65 years of age, Max Bupa ensures that even if you are a hundred years old, you are eligible to secure your health!
Other than providing the basic benefits such as additional riders, low premiums, and lifelong renewals, Max Bupa also covers maternity costs and new-born expenses for up to two deliveries. Further, they have an international coverage option for any medical issue that may arise when the insured is outside the country for which hospitalization is required.
Claim Settlement Records
Max Bupa has numerous features related to claim settlements that are highly beneficial to the insured. For starters, they have a thirty-minute pre-authorization procedure for cashless claims. This means that within half an hour of submitting your hospitalization claim, you will be informed about your approval details.
Moreover, Max Bupa offers direct processing of every claim without the involvement of any third party which makes claim resolution very quick. Lastly, with a claim settlement ratio of 91.2% in the year 2016-17 (which means that nearly 92 out of 100 claims get settled successfully), this insurance company has set high standards for itself and for others in the industry.
Benefits of Securing Your Life with Insurance
All this information might bring you back to one basic query that you struggle finding the answer to. Do you even need health insurance when there are so many people living without one? While having a health insurance policy is not mandatory, there are multiple ways in which it will make your life better. Not convinced? Here are the top three reasons why you should get your health insured today:
Having an insurance policy to fall back on offers you a sense of security. Being hospitalized without health insurance will cost you a lot more than the yearly premiums you pay to maintain an insurance policy. You will not have to feel helpless if there ever is an emergency medical expense that catches you off-guard.
Not everybody has the finances required to fund sudden emergency expenses regardless of when they occur. Especially for fixed income or small business related families, paying medical bills and hospitalization costs can end up being a huge burden financially. If you have an insurance policy, this issue is something you no longer need to worry about. Every insurance policy at Max Bupa is tailor-made to suit individuals based on their average monthly incomes and payment capabilities.
For salaried employees, tax benefits are an additional advantage to owning a health insurance policy. The sum of all yearly premiums paid on health insurance policies for yourself, your spouse, and your children can be claimed under section 80D of the Income Tax Act, 1961 up to an amount of INR 25,000. If you have parents over the age of sixty, this limit increases to INR 50,000.
At a Final Glance
Max Bupa health insurance policies contain multiple features that are suitable for everyone. So, if you have specific requirements from your policy, you can check out all the plans in Max Bupa through an online insurance aggregator like Coverfox.com. Within this website, you can compare various policies, features, costs, and advantages without the intrusion of any intermediary. Remember that each day you spend without health insurance is a risk you are taking. So, get secured now and avoid hassles later!