Why Mediclaim is Important ?

 



Why Mediclaim is Important ?

Securing Your Health and Finances


In today’s fast-paced world, healthcare costs are rising at an alarming rate. From basic consultations to advanced surgeries, the financial burden of medical emergencies can overwhelm even the most financially stable individuals. This is where Health Insurance comes in. It acts as a safety net, ensuring that you receive the necessary medical care without draining your savings. Here are some compelling reasons why Mediclaim happens to be of utmost importance:

Financial Protection against Medical Emergencies

Medical emergencies are unpredictable and when they strike, they come with hefty bills. From hospital room charges to doctor’s fees, diagnostic tests, surgeries and medicines, the medical expenses tend to skyrocket. Mediclaim provides coverage for these costs ensuring that your finances aren’t crippled by unexpected medical expenses. With the right insurance, you can focus on recovery rather than worrying about the bills. People should always preserve their hard earned income and create financial assets.

Covers Rising Healthcare Costs

Over the past decade, medical inflation has far outpaced the general inflation rate. Even routine medical treatments can cost significantly more than they did a few years ago. Mediclaim helps you save medical expenses by covering hospitalisation expenses including pre-hospitalisation and post-hospitalisation treatments, surgeries, medication etc.

Cashless Hospitalisation

One of the major benefits of Mediclaim is Cashless Hospitalisation. This means that when you are admitted to a network hospital the insurer directly settles the bills with the hospital so you don’t need to worry about arranging funds at the last minute. This facility is especially helpful during emergencies when time and resources are of essence.

Tax Benefits (Section 80D)

Mediclaim policies not only provide health coverage but also offer tax savings under Section 80D of the Income Tax Act. You can claim deductions on the premium paid for Mediclaim policies for yourself, your spouse, children, and even your parents. This means that while securing your health you also enjoy financial benefits in terms of tax savings.

Wide Range of Coverage

Mediclaim policies offer a wide array of coverages depending on the plan you choose. From in-patient care, surgeries, ambulance charges and daycare procedures to critical illness and maternity benefits, Mediclaim covers a wide spectrum of healthcare services. This ensures that you and your family are comprehensively protected in the event of any health issues.


Conclusion

In a world where health uncertainties are a constant threat, Mediclaim acts as a necessary safeguard. It protects your finances, saves you and your family from financial burden, ensures quality healthcare and offers a peace of mind during difficult times. By investing in a good Mediclaim policy today, you’re securing your future against the ever-rising costs of healthcare.

Medical Emergencies due to health issues/diseases always arise unexpectedly. Don’t wait for a medical emergency to make you realise its importance. Choose a Mediclaim plan that fits your needs and enjoy the benefits of lifelong comprehensive health coverage.


Connect with Nikhil Deshpande, Founder, Falcoy Financial ; www.falcoyfinancial.com


Disclaimer: Investments are subject to market risks.

Popular posts from this blog

Why Start SIPs ? The Smart Way to Invest

Image
Systematic Investment Plans (SIPs) have become a popular investment vehicle for individuals looking to grow their wealth over time. With the increasing interest in Financial Planning and Wealth Management, SIPs offer a disciplined and flexible approach to investing in mutual funds. In this article, we shall explore the reasons why you should consider starting SIPs, highlighting their benefits and the advantages they offer over other investment options. What is an SIP? A Systematic Investment Plan (SIP) is a method of investing a fixed amount of money regularly in mutual funds. SIP allows you to invest small sums at regular intervals on a monthly basis. This approach makes investing more accessible and manageable for a wide range of investors. Benefits of Starting SIPs 1. Disciplined Investing SIPs inculcate a disciplined approach to investing. By committing to invest a fixed amount regularly, you ensure that you are consistently saving and investing, regardless of market conditions...
Read more

Analysing Stocks for Investment

Image
  Essential Analysis for Smart Stock Investing Investing in stocks (also known as shares / equity) can be rewarding but it requires careful analysis to make informed decisions. Here's a streamlined guide to the key areas of analysis necessary for stock investment. Understanding the Basics Stocks represent ownership in a company, and shareholders benefit from capital appreciation and dividends. The stock market is influenced by various factors including economic conditions, market sentiment and company performance. Fundamental Analysis Evaluate a company's financial health and performance through key financial statements: Income Statement : Includes Revenues, Expenses and Net Income Balance Sheet : Includes Assets, Liabilities and Shareholders’ Equity Cash Flow Statement : Examines Liquidity and Financial Flexibility Key financial ratios to consider: Price-to-Earnings (P/E) Ratio : Indicates how much investors are willing to pay per rupee of earnings. Debt-to...
Read more

What is the Advantage of Financial Services ?

Image
Financial Services form the backbone of a functioning economy. They encompass a broad range of activities, from banking and insurance to investments and financial planning. The advantages of financial services are manifold thereby providing benefits to individuals, businesses, and the economy as a whole. This article delves into the various advantages of financial services, highlighting their critical role in fostering economic growth and stability.   1. Economic Growth and Development Financial Services are essential for the growth and development of an economy. They facilitate the efficient allocation of resources by mobilizing savings from individuals and directing them to productive investments. This process helps in: - Capital Formation: Financial Institutions gather small savings from the public and channel them into large investments promoting capital formation. - Building Infrastructure: Capital Raising aids in building infrastructure for the nation which drives ...
Read more