Max Life Health Plans
Leading a healthy lifestyle in the modern high-stress routines is challenging. Medical emergencies can arise without any intimation. At such times, treatment costs can put a huge financial burden on families. For example, cost of cancer treatment can cost around 20 lacs*. Such huge payments coupled with work-pay loss can cause imbalances in your family finances. Max Life Health Plans help you to be financially prepared for such situations by providing you coverage for your medical recovery.
*Src: Business Today, Jul 2017
What are health insurance plans?
Health insurance plans are insurance products designed to cover your medical expenses in case of hospitalization or critical illness. Unlike other health plans, which provide coverage for only the medical bills, a health insurance plan can provide coverage for other medical procedures and treatments, depending on your need. Medical treatment procedures in complex ailments such as cancer are costly and can continue for many years. To cover these costs, people sometimes end up taking loans, or even selling or mortgaging their assets. A health insurance plan bought early on in life will provide sufficient financial coverage if such a situation arises.
How to choose a health plan?
Health plans can provide coverage to your family members. Make sure you are selecting a plan with sufficient coverage as premiums are not directly proportional to the coverage amount. Here are three simple steps to choose a health insurance plan
1. Choose the amount of Insurance Cover (sum insured) you need
2. Choose the maximum coverage age as there are chances of contracting a critical illness in old age too
3. Arrive at the premium amount basis your age, gender, chosen Sum Insured and Maximum Coverage Age
Health insurance plans are insurance products designed to cover your medical expenses in case of hospitalization or critical illness. Unlike other health plans, which provide coverage for only the medical bills, a health insurance plan can provide coverage for other medical procedures and treatments, depending on your need. Medical treatment procedures in complex ailments such as cancer are costly and can continue for many years. To cover these costs, people sometimes end up taking loans, or even selling or mortgaging their assets. A health insurance plan bought early on in life will provide sufficient financial coverage if such a situation arises.
Health plans can provide coverage to your family members. Make sure you are selecting a plan with sufficient coverage as premiums are not directly proportional to the coverage amount. Here are three simple steps to choose a health insurance plan
1. Choose the amount of Insurance Cover (sum insured) you need
2. Choose the maximum coverage age as there are chances of contracting a critical illness in old age too
3. Arrive at the premium amount basis your age, gender, chosen Sum Insured and Maximum Coverage Age
Who should buy health plans?
- If you are between age of 25 - 65
- If you want to ensure your family is protected during a health crisis
- If you also want to save income - tax beyond the 80 C limit
