Paying for anything is painful. If you have to pay for anything that will not get you something in return it pinches even more. The fact is that it is simply due to this that people avoid paying the medical insurance cost. Stating that the premium of the policy is too high is not the right reason to forgo a health insurance policy. One should buy the policy irrespective of how much they have to loosen their pockets. Just as the health insurance price seems heavy, the cost of healthcare is actually often unaffordable. The only problem is that when a person thinks about health insurance, they see that they are investing money but will not get any return out of the investment.
A health insurance premium would not fetch you returns but it will give you the security needed to make sure that you can get the needed treatment without any fiscal worries. There are many other benefits that are provided along with a mediclaim policy. The medical insurance cost that is paid by a person is not taxable under section 80 (D) of the Income Tax Act. This means that one can save that money too. At the same time the policy is actually aimed at ensuring that the customer can safeguard the amount of money that would have been blown up in healthcare. The policy pays for the treatment (except those in the exclusions list).
So even if the medical insurance cost does not give any monetary returns, it does give the customers a return on the investment in the form of peace of mind. If the time comes when the policy holder needs treatment, this investment proves to be the most fruitful investment. Apollo Munich ensures that the cost includes a wide range of benefits that are offered to customers. The company also covers the pre- and post-hospitalization costs that are prevalent.
