5 Benefits of Health Insurance that covers Pregnancy. The birth of a child a new formation of the family in results a promise completes with joy. Along with happiness, we go with many other things in our minds. Like, we think about the size of the house is it big or small. Do we have good schools around us? Which hospital would suit them a lot? Would they be in a position to take care of a baby?
These questions would not keep you
calm. Such types of questions create stress in your mind. Facing all the most
noticeable thing is that had you taken health insurance to meet the pregnancy
expenses. In the case of pregnancy or maternity, health insurance covers the
expenses of a baby. Health insurance bear expenses for his or her predetermined
limit. Thus the health insurance provides you an offer of multiple benefits. Here
are the following benefits of health insurance.
1. Wide-ranging Coverage
2. Tax Benefit
You can claim your premium paid to
health insurance under the shadow of Section 80D income tax act of 1961. This
way you can claim a tax deduction of up to ₹25,000. Premium is redeemable if you have paid premium only
for your wife, children, and yourself.
3. Cashless Payment Facility at Network
Hospitals
Be careful in selecting health
insurance that covers pregnancy. You have to focus on the network hospital
sections. A cashless payment facility is another big advantage of such
insurance policies. A cashless facility is a big edge of advantage to the
policyholder through his participation remains no more. Policy providers and
hospitals together see the expense directly missing the involvement of policyholders.
4. No Claim Bonus
No-claim bonus the policyholder can receive
if he does not claim it during a policy year. its duration lies between 1 year
to 3 years. It has two types. First is cumulative Benefit that increases
coverage or sum. Second is the discount on the premium that is applicable only
when the sum insured remains constant.
5. Free Look Period
It was given by the Insurance
Regulatory and Development Authority of India (IRDAI). In this benefit, you can
cancel the policy in the first 30 days anytime in case of dissatisfaction. Cancellation
duration can be different. It depends on the insurance provider. If you cancel
the insurance you will receive your premium amount accordingly. A fixed amount
a policy provider you charge you as per terms and conditions. Purchased insurance
cancellation procedure requires a request to submit to the customer care.
