Importance Of Health Insurance

‘Health is wealth’ is a phrase we have all grown up hearing. But the truth within those 3 words only strengthens as we grow older. We now live in a time where the number of health threats is persistently increasing with each day. A significant health emergency not only compromises you physically, but also financially. More often than not, medical bills exceed your savings. This is why the importance of a Health Insurance policy is unparalleled.

So What Is Health Insurance?

It is a type of insurance that covers hospitalisation expenses incurred by you for any illness, accident or injury. The expenses can include hospitalisation costs, cost of medicines, doctor consultation fees, etc.

By paying a premium to the insurer, you can save yourself and your family from dire financial stresses. Health insurance acts as a protective shield for both savings and healthcare, so that you and your loved ones can live a happy, fulfilling life.

Calculate Your Health Insurance Premium

Why Is It Important To Have A Health Insurance Policy?

With an active policy in place, you can avail the best treatments and the following benefits-

  • Meet The Rising Medical Expenses

    With the advent of new emerging diseases, come breakthrough medical technologies, However, the cost of getting quality treatment is rising exponentially. The growth of science brings advanced treatments, which are really expensive due to new drug development methods and increased efficacy. Shortage of specialist doctors and surgeons in a particular field also causes medical inflation.

    The importance of health insurance is vital in dealing with this situation. It helps you and your family effectively manage the high expenses and lead a healthier life.

    For example, WHO identified SARS-CoV-2, Crimean Congo hemorrhagic fever, and Ebola virus disease as the top emerging diseases/conditions. If you get diagnosed with any of them, you would need an advanced treatment - from multiple consultations and medical tests, to medicines and room-rent. With a health insurance policy, you don’t have to worry about the big hospital bills while you are already going through physical and mental anguish.

  • Safeguard Your Family

    Your family means the most to you, and ensuring their good health and safety is of primary importance. Should anything happen to them, you will be ready to provide the best, state-of-the-art medical facilities and help them recover quick,

    Consider your ageing parents, they might need to get hospitalised due to some age related issues like joint replacement, heart conditions, etc. and the doctor would recommend multiple X-rays, MRI scans, and other tests to determine the illness. These can be covered under a health insurance policy.

  • Get A More Enhanced Coverage Than A Healthcare Fund

    A Healthcare Fund is basically your savings for healthcare expenses. This can be done by stowing away a certain amount, putting your money in some investment option like a fixed deposit, etc. While this could be useful, it should not be a replacement for health insurance. The treatment and surgery fees in today’s time could cost a fortune, therefore, a healthcare fund will not be enough to deal with all the medical expenses.

  • Protect Your Savings

    You have been saving money over the years to fulfil some future dreams and goals, like - buying a house, giving your children a top-class education, their big wedding, and your peaceful retirement. An unforeseen illness can drain your savings, all at once. But with a health insurance policy, you can manage your medical expenditure without dipping into your savings. In fact, some insurance companies offer cashless treatment, so you don't have to stress about reimbursements either.

  • Get The Most While You Are Young

    Generally, you are required to undergo medical tests before issuing a health insurance policy. Please note that some insurers make the medical tests mandatory after the age of 45. This varies across insurers.

    The results of such tests will decide whether you will get health insurance or not. The older you grow, the more you get exposed to medical issues, like diabetes, cardiac and respiratory diseases. Hence, there are higher chances that you won't get a health insurance policy. And even if you get one, you would have to pay a lot more for a cover that would cost a lot less at your younger age. Therefore, go for a suitable health insurance cover while you are still in the prime of your life.

  • Avail Tax Benefits

    Premiums and payouts made are exempted from taxation under Section 80D of the Income Tax Act, 1961. You can get deductions for the health insurance premium paid for yourself, your spouse, your dependent children, and your parents. This further increases your savings. However, reducing tax liabilities should not be your primary reason to invest in health insurance.

Show More

Today, medical advancements ensure that you live longer, by curing diseases that were once considered incurable. But a healthy life comes with a price - quite literally. With Health Insurance, you can be financially prepared for any unforeseen situation in today’s world of climate and lifestyle changes. Because remember, health is an investment, not an expense.

exclusion of health insurance plans
Not Covered In Health Insurance
  1. Pre-existing disease for a Fixed Term
  2. Cosmetic Surgeries
  3. Injuries caused due to suicide attempts

Calculate Your Health Insurance Premium

Partners - We Are Proud To Have

We have over 30+ insurance partners on our back. Rest assured, you won't be short of choices.

Why Customers Love Us

Why Customers Love Us?

  1. We provide quick claim assistance.
  2. We are easily approachable through phone, email, and text.
  3. We are transparent operations with no hidden cost.
  4. We pursue your claims till the very end.
  5. We understand your needs, and advise most suitable insurance products.

Our Customers' Stories

Sharing the experience of happy and satisfied customers with you.

Sameer Yadav

I was searching for investment plan but I couldn't find it, then I got the call from SMC insurance and they aligned a call with Ishita Sharma as point of contact (POC) for all my queries and she explain me very well. Ishita explain me all investment plan with advantage and disadvantage, I really appreciate her. Ishita always enthusiast towords work and ready to answer all my questions .I have taken two policies ( HDFC click to invest) plan with 15k premium per month. I always recommend SMC insurance to all, for better life and happy retirement with huge health and wealth. Thank You SMC insurance for your best service. Special thanks to Ishita for E2E help and endless support, you did fabulous work. Show More

Dheeraj Bhatia

I am associated with SMC insurance since 2011 and found them to be most ethical, trustworthy and highly responsive. Some of my precious policies done thru other agencies are still running on SMC’s advice. That is a strong testimony to their customer-centric approach. I am glad to be associated with SMC and strongly recommend their services to all concerned. Wishing the very best to Team SMC !Show More

Jyoti Sharma

We were fortunate enough to have selected SMC as our Health Insurance Broker for they have been very helpful in resolving our queries related to health insurance. I would like to cite two examples where SMC's role has been very crucial. One was when payment for cashless hospitalization was not coming through as the insurance company was taking undue longer time to approve the Hospital Bill. It was then I talked to Neha and it was she who through her contacts in the Insurance co. facilitated and expedited the approval for payment of hospital bill. Second was very recently when the Insurance co. had proposed a top up "Enhancer" policy for our existing policy. When I talked to Neha she immediately told me not to take this policy being offered without any medical test as it will not be beneficial to us and may create problem later on account of recent hospitalization. If I had I not consulted Neha, I would have into a big trouble with the insurance co. These two instances speak very high of sincere advice and timely help rendered by the SMC Staff, Ms. Neha Khanna which helped us a lot in time of need.Show More

Sumit Khanna

Hi, I am Sumit here, purchasing insurance policies from SMC for almost 8 years. Would like to recommend this company to other customers because they are taking care of my insurance broking services in a fabulous way. I would like to extend my gratitude and thanks to policy servicing and also insurance claim backend services. They have rendered fantabulous services for me and would like you guys to definitely go and rely on them for all your insurance needs.Show More

Kishor Kumar Bijlani

My experience with SMC Brokers is excellent. They provide support from the beginning till end i.e from issuance of insurance policies till settlement of claims. They explain very nicely various provisions relating to Insurance Policy also facilitate settlement of claims with Insurance Companies. Show More

Megha Singhal

I have purchased HDFC policy from SMC Insurance with the help of Harsh Sharma. I have got the satisfactory services from SMC Insurance. Thank you SMC Insurance.Show More