Why is Health Insurance important

Why should you buy a Health Insurance policy for yourself and your family?

Medical costs are skyrocketing

They are high today and will be higher in the near future. A Family Floater Health Insurance is a smart way to safeguard your savings during a medical emergency.

An employer provided health policy is not enough

Planning your finances early in life to include health insurance in your investment portfolio will be beneficial in the long run. As you grow older and your responsibilities increase, your finances can go haywire. But, by investing early, you can be prepared for medical emergencies in advance.

Lifestyle diseases are on the rise

An unhealthy way of life and work stress have made even the younger generation prone to lifestyle diseases. Thus, the need to have a Family Health Insurance is indisputable, even if you are young. The onset of a chronic condition like diabetes may make it difficult for you to buy a comprehensive medical insurance. You may be required to undergo screening and medical check-ups. Hence, it is recommended to invest in a Family Health Insurance policy as early as possible. Not only is it affordable, but also ensures optimum coverage when you need it most.

You can save some on a Family Health Insurance Premium

By sharing your sum insured, you can smartly insure your entire family under one health policy. This will help in bringing down your Health Insurance premium significantly. You also do away with the hassle of managing multiple policies and their renewals.

Family’s healthcare needs get covered in one go

Occasionally you end up bearing out of pocket expenses for your family’s health check-ups, viral flu, seasonal sickness and illnesses. These costs put together can weigh heavy on your pocket, and a Family Floater Health Insurance with OPD cover will help you avoid just that. You can choose the OPD cover up to the Sum Insured limit offered by the insurer, by paying an additional premium and reduce your out of pocket expenses.

You get tax benefits on a Health Insurance Premium

As per Section 80D of the Income Tax Act and amendments made thereto, you can avail tax benefits on the Health Insurance Premium. Thus, a health policy not only saves you from breaking the bank during a medical emergency, but also helps you save on taxes.

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Disclaimer

This is only an indicative of the cover offered. For more details on risk factors, terms, conditions and exclusions, please read the terms & conditions/policy wordings carefully, before concluding a sale.

ICICI Bank Limited (“ICICI Bank”) with registered office at ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara, 390 007, Gujarat (CIN: L65190GJ1994PLC021012) Toll Free No. 1860 120 7777 is only a Corporate Agent (Composite, IRDAI Regn No.: CA0112 valid till March 31, 2022) of ICICI Lombard General Insurance Company Limited having its registered office at ICICI Lombard House, 414, Veer Savarkar Marg, Near Siddhivinayak Temple, Prabhadevi, Mumbai 400025. IRDAI Reg. No. 115. Toll Free No. 1800 2666. Fax No. 022 61961323, CIN: L67200MH2000PLC129408. E-mail - customersupport@icicilombard.com, Website - www.icicilombard.com.

Only for the customers of ICICI Bank Limited who intend to enrol under the Health Shield 360 Insurance Policy (UIN - ICIHLGP22083V022122 (4177i), Master policy number 4177i/MSTR/220856891/00/000) underwritten by ICICI Lombard General Insurance Company Limited. Enrolment by ICICI Bank’s customer of any insurance products is purely voluntary, and is not linked to the availment of any other facility from ICICI Bank.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing a bonus or investment of premiums
Public receiving such phone calls are requested to lodge a police complaint.