Benchmark Investments

Health Insurance is a part of General Insurance,

To be financially stable is everyone’s dream. However, with rising medical costs, treatment for illnesses can easily eat into your savings. Arranging funds during a medical emergency can also be a daunting task. A health insurance policy can protect you from the financial strain caused due to a medical emergency.

Why is Health Insurance Important?

Savings : The best part about health insurance is it helps to keep your savings intact in case there is a medical emergency. The insurer will take care of all the expenses such as hospitalization, drugs/medicines, etc. A health insurance plan is a trusted way to ensure a healthy and financially stable future.
Security of Family’s health : Protecting the health of self and your family members or parents is necessary. You can protect your family members by investing regularly in the family floater plan wherein you can also get health cover for your parents. This type of health insurance ensures that all types of medical treatments are covered.
High Medical Costs : Due to the high healthcare services cost, you may not be able to afford treatment. But when you have a health insurance cover, you can avail quality treatment at the best network hospitals. Network hospitals are those wherein insurers have a tie-up with hospitals that helps you get cashless treatment. With this facility, the insurance company directly settles the bills with the hospital.
Lifestyle changes : Our fast-paced lives have influenced our lifestyle choices. Work stress, indulgence in junk food, smoking, environmental changes, etc., affect our overall health, and this could lead to life-threatening diseases such as cancer, liver problem, kidney failure and so on. In such situations, health insurance will cover the medical and surgical expenses incurred during an illness. It is an established way to provide for health-related or medical emergencies.

Benefits of Health Insurance Plan

Financial Security

With the passing of time, the medical costs are rising and lifestyle-related diseases such as diabetes, cancer, stroke, etc. are also surging. In such a case, having health insurance in the present time is of utmost importance as it can financially protect you against the unavoidable expenses. This way, your savings also remain protected.

Domiciliary treatment

Some health insurance companies provide cover for domiciliary treatment, wherein the treatment for certain diseases is provided at home under medical supervision. Note that there is a limitation on the amount and the number of days when availing insurance cover for domiciliary treatment.

Free health check-up

Health insurance understands that health is wealth; therefore, it needs consistent health monitoring. As a policyholder, you are eligible for a free preventive health check-up after an every 4 to 5 claim-free year. Some insurers also offer cashless treatments at their network hospital.

Tax benefits

You can avail tax benefits under Section 80D of the Income Tax Act. As part of the law, you can avail tax benefit for the expenses incurred on the preventive health check-up of parents above 60 years. Below is the table which shows the tax deductions for various health cover:

Coverage against critical illness

To treat life-threatening diseases, the sum assured of a basic health insurance cover would not be enough; therefore, insurers provide critical illness cover as an add-on or rider option. When you seek critical illness add-on cover under your existing health insurance policy, you are entitled to receive lumpsum on detection of diseases like cancer, heart stroke, kidney failure, bone marrow transplant, etc.

Offer Health Insurance Services

We Benchmark Investments are associated with Royal Sundaram General Insuarnce Co. to offer Health Insurance services to our clients.

About Royal Sundaram

Royal Sundaram General Insurance Co. Limited (formerly known as Royal Sundaram Alliance Insurance Company Limited), is the first private sector general insurance company in India to be licensed in October 2000 by the Insurance Regulatory and Development Authority of India. The company was initially promoted as a joint venture by Sundaram Finance, one of the most respected non-banking financial institutions (NBFCs) in India and other Indian Shareholders

Royal Sundaram has been providing innovative general insurance solutions to individuals, families and businesses directly as well as through its intermediaries and affinity partners. The company offers Motor, Health, Personal Accident, Home and Travel Insurance to individual customers and offers specialized insurance products in fire, marine, engineering, liability and business interruption risks to commercial customers. Royal Sundaram also offers specially designed products to the small and medium enterprises and rural customers as well.

Royal Sundaram offers Comprehensive & affordable health plans with a wide range of benefits to take care of you and your family. Health Insurance plans are flexible and affordable with different Sum Insured options to suit your unique need. Choose from basic Health Insurance Policies to specialist medical insurance plans that offer maternity benefits.

Health Insurance Covers

In-patient Hospitalization
Pre and post hospitalization expenses
Day care procedures
Domiciliary hospitalization charges
Preventive healthcare as well as wellness

Ambulance charges
Health check-up
AYUSH Treatment
Vaccination in case of animal bite

To know more about the best health insurance plan in industry

https://my.royalsundaram.in/health-insurance/lifeline

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Disclaimer

We are only distributor of Royal Sundaram health insurance products

We are only distributor of Royal Sundaram health insurance in Individual capacity not registered as corporate entity

Product information is authentic and solely based on the information received from the Insurer.

Benchmark Investments is acting only as a facilitator and claims settlement shall be at the sole discretion of the Insurer.

As per the Insurance guidelines, you are allowed to cancel the policy with-in 15 days from the date of Issuance of policy. For more details, please read the Plan Brochure carefully or talk to our advisor at the time of purchase.

The contents herein mentioned are solely for informational and educational purpose only

The information provided on this website is to help investors in their decision-making process and shall not be considered as a recommendation or solicitation of an investment or investment strategy.

This document is marketing material for a retail audience and does not constitute advice or recommendations. Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested.

There are risks associated with fixed income investments, including credit risk, interest rate risk, and prepayment and extension risk. In general, bond prices rise when interest rates fall and vice versa. This effect is usually more pronounced for longer-term securities.

Stock investments have an element of risk. High-quality stocks may be appropriate for some investments strategies. Ensure that your investment objectives, time horizon and risk tolerance are aligned with stocks before investing, as they can lose value.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

The above calculation and illustration of figures are indicative only and not on actual basis.

Please consult your CA / Tax expert for taxation before investing.

Benchmark Investments only acts as a mediator between its clients and the company inviting/accepting deposits, known as Principal Company.

The contents herein above shall not be considered as an invitation or persuasion to trade or invest. We accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon.