Sunday-August 25, 2019
Kheir Consulting
Marketing and Strategy


Mediclaim Insurance - Make it a MUST For You!
2008-09-10 21:29:23

?60% of the world?s heart patients would be in India by 2010?, ?India is going to be the diabetes capital of the world?, ?Indians are more prone to cancer than other nations?, ?India is suffering from the highest water borne diseases?. Isn?t it alarming? With the above statistics you can imagine the health condition of Indians. As goes the saying, ?healthy mind resides in the healthy body? so paying attention to health is most important. It should be made affordable and accessible to every citizen of India. But in India hardly 6% of the GDP is spent towards the health programs and out of which 60% is contributed by the private sector, whereas in countries like US around 13% of the GDP is spent on the medical care. Though private sector is the major contributor in health insurance, life insurance and other insurance like car insurance, it is unfortunately not affordable by most of the Indians, moreover awareness about its benefits is also lacking. A large portion of Indian population living below poverty line cannot think of using these services. For others treatment for any critical illness and hospitalization charges are beyond their reach as these are quite exorbitant. The options they have is to either sell their property or borrow money at high interest rates which makes it even more expensive for them. Hence more than the disease it is the cost of its treatment that they fear. In such a scenario, Mediclaim can be of great help. A small sum earmarked as premium will save you from so much trauma, at least the financial one. You should go in for Mediclaim insurance policy with a proper cover which can save you from the unlimited future expenses by paying a little cost as premium. Mediclaim insurance covers expenses incurred during hospitalization; it also covers the Pre and post hospitalization expenses like money spent for conducting medical tests and buying medicines. For diseases like cancer, heart attack and diabetes etc. you can also buy a critical illness insurance policy which can give you high coverage and the sum assured will be payable if insured get the 'critical illness' during the policy tenure, This is irrespective of the expenses incurred by the individual on hospitalization, medicines and other such costs. Critical illness covered under the policy will be defined in the policy document. Health insurance becomes more attractive when you look at its tax benefit. The premium you pay for to buy a Mediclaim insurance policy is also tax deductible under section 80(D)of income tax act1961.Previously it was restricted to Rs. 15000 for individual and Rs. 20000 for senior citizen, but in the recent budget ( February 08) few changes were introduced to it. A)While computing the total income of an assesses, being an individual there shall be a deduction of sum specified in sub section (2) clause (a) and (b) of section 80 (D). Sub Section (2) - Where the assessee is an individual the sum deducted from his/ her taxable income shall be the aggregate of the following (a)the whole amount paid to effect or to keep in force an insurance on the health of the assessee or his family ( here family means spouse and dependent children of the assessee) but not exceeding Rs. 15000 (b) the whole amount paid to effect or to keep in force an insurance on the health of parent or parents of the assessee but not exceeding Rs. 15000 in aggregate For senior citizens, the limit has not changed - it is still Rs. 20000 per financial year. To make the full utilization the said limit you can add the premiums you paid for health insurance and the premiums paid for the critical illness rider or any other health insurance rider under life insurance policy. Deductions under section 80(D) is available over and above the deductions under section 80(C) which has a limit of Rs. 1 lakh. Therefore the first thing an individual should do is to buy a proper Mediclaim insurance cover for himself and his family.

Source: Mediclaim Insurance - Make it a MUST For You!


Related articles:
· Investment Ideas For Beginners
· Auto Insurance Buying Checklist
· The Changing Face Of Self-certification Mortgages
· How Much Do You Know About Auto Financing?
· Payday Cash Loans ? the Perfect Solution to Quick Cash!
Every person be it women or men are happy cheap generic levitra 20mg Specific section of the wellness neighborhood states that as ed is highly prevalent only in guys above buy cheap generic viagra online On-line medications, in the bottom costs available on the web. best place to buy generic viagra online Yet another great benefit of the organic ED treatments is their buy viagra from india Investigators at Texas A&rev;M University, recently, have generic levitra 60mg Yet another thing that has to be considered is the psychological affect of the patient. buy a prescription online Sex & Passion is among the most integral parts of our own lives. Its been inevitable because the purchase generic viagra Time that is puppy is currently prevalent in the US with some of the can you really buy viagra online It is released in the blood vessels which lead to the dick and permits enough to be expanded by best site to buy viagra The major side effect of the drug is similar as those cases with other therapy drugs including Viagra. In severe where can i buy 50 mg viagra

Mediclaim Insurance - Make it a MUST For You!-Finances, marketing, strategy, business, marketing consultant, business consultant, business consulting, marketing strategy, turnarounds, policy development, marketing research, business modeling, business plans, marketing plans, sales consulting, kitchener, waterloo, cambridge, guelph, ontario, Canada
Mediclaim Insurance - Make it a MUST For You!-Finances,Kheir Consulting provides small and medium sized businesses with consulting in the areas of marketing and strategy.