Comprehensive 25 Lakh Health Insurance Coverage Options in Thane
Thane, the bustling satellite city of Mumbai, has over 25 lakh residents. As the population increases, quality healthcare has become a necessity rather than a luxury. Falling critically ill without adequate health insurance can lead to financial catastrophe for families.
Why Do You Need Health Insurance in Thane?
With advanced multi-speciality hospitals and reputed doctors setting up base in Thane, medical infrastructure has seen vast improvements. However, treatment costs are still 15-20% higher than other tier-2 cities in Maharashtra.
A base health cover of at least Rs. 10 lakhs per family is advisable to cover hospitalisation expenses adequately. But for more comprehensive protection, a sum insured equivalent to your annual household income or 50% of it makes better sense.
For instance, if your family's combined annual earnings are Rs. 25 lakhs, purchasing an Rs. 15-20 lakhs family floater plan allows adequate coverage for significant health issues.
Key Reasons for Buying Health Insurance in Thane
- Inflating Healthcare Costs: Hospital charges for treatments, diagnostic tests, and medicines rapidly increase yearly. Hence, it is prudent to secure yourself in advance through insurance rather than pay lakhs out of pocket later.
- Increased Lifestyle Diseases: Changing lifestyles have resulted in more Thane residents facing chronic ailments like diabetes, heart conditions, etc., at a younger age. Having insurance helps provide financial aid for long-term care.
- Savings on Tax: Buying health insurance for self and family offers tax exemptions up to Rs. 25,000 under Section 80D, boosting overall savings.
What is 25 Lakhs Health Insurance?
25 Lakhs Health Insurance offers a total coverage of Rs. 25 lakhs to safeguard individuals and families from expensive medical treatments. This high-sum insured plan provides end-to-end financial security at an affordable premium.
Why Do You Need 25 Lakhs Coverage In Thane?
While Rs. 10 lakhs coverage might seem sufficient for tier-2 cities, it may prove inadequate for Thane, given its higher hospital charges.
Today, shelling out over Rs. 10 lakhs is common for critical treatments that last months, especially for elderly patients. Hence, to avoid large out-of-pocket expenditures while getting treated at Thane's trusted hospitals, investing in 25 lakhs coverage is advisable.
Benefits of Buying 25 Lakhs Health Insurance
Let us look at some of the most significant advantages of purchasing 25 lakhs of health insurance:
- Adequate Coverage for Entire Family: A 25 lakhs family floater plan allows sufficient coverage for your hospitalisation needs, your spouse's, and your kids' needs without paying a bomb.
- Protection Against Severe Diseases: The high Rs. 25 lakh sum insured provides substantial financial aid without draining savings in critical illnesses.
- Freedom to Choose Hospitals: You can get treated at any of Thane's highly reputed multi-specialty hospitals for superior medical care.
- Cover for Pre-existing Diseases: After 2 to 4 continuous policy years, pre-existing conditions and chronic illnesses also get covered under your 25 lakhs health policy.
- Cashless Claim Settlement: Direct settlement of medical bills with network hospitals through your insurer helps you focus on recovery without financial hassles.
How Much Does 25 Lakhs Health Insurance Cost?
The premium payable for a Rs. 25 lakh health policy is calculated based on your age, medical history, location, and other factors.
For instance, a 30-year-old buying a 25 lakh individual plan in Thane will pay an approximate yearly premium of Rs. 9,000- 15,000.
Meanwhile, the premium for a 50-year-old for the same coverage will be higher at around Rs. 23,500 - 30,000.
Conclusion
This guide clarifies the need, benefits, features, and costs of purchasing a Rs. 25 lakhs of health insurance in Thane. Evaluate options from trusted insurers like ACKO Insurance to find a tailored policy that adequately covers your family's medical requirements at an optimal price. Investing in adequate health insurance protects your savings and ensures financial stability in medical emergencies.
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