- Sedentary lifestyle and persistent work-stress takes a toll on our health
- Doctors are always prone to the risk of infections and infirmity
- Treatment of heart and cancer related conditions may cripple your savings
- A comprehensive health insurance policy provides tax benefits under 80(D)
Good health is essential for a long and happy life. All of us have dreamt of leading a healthy lifestyle free of diseases and illnesses. However, sedentary lifestyle, work stress and responsibilities take a toll on our health. Illnesses related to the heart, and of cancers, are slowly rising in the country.
Good health and vigor is necessary to work optimally in any profession. As a doctor, you understand that everyone’s needs are different and more so when it comes to health.
Who knows the value of a health insurance product more than a doctor? Even doctors are prone to sickness as they are also human.
Why do doctors need health insurance?
Doctors are always exposed to the risk of infections and infirmity, treating patients afflicted with all kinds of ailments. Moreover, the work environment is inherently stressful. They often neglect their own health in ensuring their patients’ well-being. As doctors work continuously, and erratically through nights and weekends, they become prone to lifestyle diseases like atherosclerosis, stroke, obesity, anxiety, etc.
The treatment of such diseases could end up emptying all your savings. A health insurance policy for you and your family can secure you against such healthcare expenses and ensure peace of mind.
Other Benefits Of Health Insurance
- Timely Preventive Care
Doctors work in a stressful environment and while working day in and nights out, they often neglect their own health. Your health insurance plan can come to your aid and ensure routine check-ups across a network of affiliated hospitals and medical institutions.
Some plans also offer reduced price generic drugs along with discount coupons for planned medical expenses like maternity bills and consultations.
- Tax Benefits Under Section 80(D)
Section 80(D) allows a deduction of ₹25,000 from the taxable income for paying health insurance premium. An amount of ₹50,000 is available for deduction in case of senior citizens.
You can claim tax deductions for paying premiums for a health insurance policy. Section 80(D) of The Income Tax Act, 1961 allows deductions from taxable income of up to ₹1,00,000 against critical illness coverage for senior citizens.
Apart from regular tax benefits, you can also claim tax deductions of up to ₹75,000 if you pay health insurance premiums for yourself and your senior citizen parents.
- Secured Pay-out With Fixed Benefit Plans
A fixed benefit plan with a pre-defined benefit amount provides a lump-sum payment upon diagnosis and confirmation of certain critical illness like heart diseases and cancer. Apart from securing you against hefty treatment expenses of such critical illness, it also helps you with other financial obligations, especially during long recuperation periods when there is loss of income.
A doctor should remain healthy to keep others healthy. A health insurance product is therefore an important component to add to your portfolio.
While normal indemnity health insurance products policy can help you with your medical expenses, a fixed benefit health insurance plan like Exide Life Sanjeevani offers a comprehensive cover against heart and cancer conditions. The fixed lump sum pay out can help you meet medical as well as non-medical expenses. You can complement your existing health insurance plan with Exide Life Sanjeevani for more benefits.
