Health insurance is an essential aspect of a person's financial planning. It provides protection against unexpected medical expenses and offers peace of mind to the policyholder and their family. Bajaj Finserv Health offers comprehensive health insurance plans that cover various medical expenses and provide financial support during medical emergencies.
Bajaj Finserv Health provides two types of health insurance plans - individual and family floater. The individual health insurance plan offers coverage for a single person, whereas the family floater plan provides coverage for the entire family. The plans come with a range of benefits, such as cashless hospitalization, no-claim bonus, and tax benefits.
One of the key features of Bajaj Finserv Health insurance is its extensive network of cashless hospitals. The insurer has tie-ups with over 6,500 hospitals across India, making it easy for policyholders to avail of cashless treatment without worrying about paying upfront medical expenses.
Another benefit of Bajaj Finserv Health insurance is the no-claim bonus. Policyholders who do not make any claims during the policy period are eligible for a no-claim bonus, which can be used to reduce the premium for the following year. This incentivizes policyholders to stay healthy and avoid making unnecessary claims.
Bajaj Finserv Health insurance plans also offer tax benefits under Section 80D of the Income Tax Act. Policyholders can claim a deduction of up to Rs. 25,000 on the premium paid for themselves, spouse, and dependent children. Additionally, an additional deduction of Rs. 25,000 is available for the premium paid for parents below the age of 60 years. For parents above the age of 60 years, the deduction limit is increased to Rs. 50,000.
In conclusion, Bajaj Finserv Health insurance provides comprehensive coverage for medical expenses, cashless hospitalization, and tax benefits. With its extensive network of hospitals and no-claim bonus, it offers peace of mind to policyholders and their families. It is an excellent investment in one's health and well-being and is an essential aspect of financial planning.
