Related Articles
.png)
Jan 08, 2025
Is Varicose Vein surgery covered under the health insurance policy in India
Health Insurance
.png)
Top 5 Reasons to Upgrade Your Health Insurance This Diwali 2025
.png)
Diwali is the festival of lights, joy, and new beginnings. While we celebrate with family and friends, it’s also the perfect time to make wise financial and health decisions. Upgrading your health insurance this Diwali 2025 can give you better coverage, peace of mind, and financial security. In this blog, we’ll discuss the top 5 reasons why you should step up your health insurance this festive season.
Top 5 Reasons to Upgrade Your Health Insurance This Diwali 2025
Diwali is a time for celebrations, gifts, and making important life decisions. While we decorate our homes and buy new things, have you thought about upgrading your health insurance? Health emergencies can come at any time, and having a strong health insurance plan ensures you and your family are well-protected. Here are the top 5 reasons why you should step up your health insurance this Diwali.
1. Rising Medical Costs
Healthcare expenses are increasing every year. A simple hospital visit can cost a lot, and serious treatments can be even more expensive. Upgrading your health insurance now will help you handle future medical expenses without financial stress.
2. Better Coverage for Your Family
Your family’s health is important. If you have elderly parents, children, or dependents, upgrading your health insurance can provide them with better medical care, higher sum insured, and added benefits like OPD cover, maternity benefits, and daycare treatments.
3. Protection Against Critical Illnesses
Diseases like cancer, heart problems, and kidney failure require expensive treatments. Many upgraded health insurance plans offer critical illness cover, which provides financial support if you or your loved ones are diagnosed with serious illnesses.
4. Tax Benefits Under Section 80D
Upgrading your health insurance can also help you save tax. Under Section 80D of the Income Tax Act, you can claim tax benefits on health insurance premiums paid for yourself, your spouse, children, and parents. This way, you get better coverage while also reducing your tax burden.
Given these reasons, this Diwali, make a wise choice. Rather than buying independent Diwali gifts for the family, step up your health insurance coverage. This would be a more relevant Diwali gift for kids and your whole family. If you own a business, give health insurance as a Diwali gift for employees and secure their finances.
To step up your health insurance coverage, invest in a super top-up health insurance policy. This policy helps in enhancing the cover without putting too much strain on your pockets. You can opt for a high sum insured and the resultant premium would not be very high.
5. Enjoy Festivities with Peace of Mind
Diwali is a time for happiness and togetherness. With an upgraded health insurance policy, you can enjoy the celebrations without worrying about unexpected medical expenses. A strong health plan ensures that you and your family are financially protected against medical emergencies.
FAQs on Top 5 Reasons to Upgrade Your Health Insurance This Diwali 2025
Upgrading your health insurance ensures better coverage, protection against rising medical costs, and added benefits like critical illness cover, OPD expenses, and maternity benefits. It’s a great way to secure your family’s health while enjoying tax benefits.
Upgrading your health insurance can provide a higher sum insured, better hospitalization coverage, daycare treatment, alternative treatments (AYUSH), and critical illness cover. Some plans also offer wellness benefits and free health check-ups.
No, upgrading your policy will enhance your existing coverage. However, it is important to check for waiting periods, exclusions, and premium changes before making the upgrade.
Yes, under Section 80D of the Income Tax Act, you can claim tax deductions on the premium paid for health insurance. The amount varies based on the insured person’s age and the total premium paid.
Compare different plans based on sum insured, coverage benefits, exclusions, network hospitals, and premium costs. Choose a policy that meets your family’s healthcare needs and provides financial security in case of medical emergencies.
Author Bio
Paybima Team
Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
Other Health Insurance Products
Jan 08, 2025
Health Insurance
Latest Post
Having health insurance is now a top priority among potential policyholders, who are increasingly aware of the importance of accessing quality healthcare at an affordable cost. Not only does it handle finances, but it also gives peace of mind during medical emergencies. Getting coverage without dealing with cash or documentation makes the cashless claim process an attractive feature of the health insurance.
Rather than making an advance payment and waiting for reimbursement, policyholders can receive healthcare from network hospitals without incurring out-of-pocket expenses. With its support, worrying about finances becomes less of a concern, and managing healthcare bills becomes simpler. For emergencies, where time and money are of concern, using cashless claims is very helpful for individuals and their families.
If you are planning to buy two-wheeler insurance and are seeking answers to some frequently asked questions, look no further. Read on to know the two wheeler insurance FAQs related to bike insurance policy in this post.
Choudhary is a privately employed person in Bangalore, and he uses a car to commute to his office daily. While driving his vehicle one day, he met with an accident that resulted in major damages and rendered his car useless. Since he had a car insurance plan, he claimed total loss and that helped him manage expenses without causing any financial burden on him.
Buying two-wheeler insurance online can be a bit overwhelming for first-time buyers and even for policyholders with prior experience. While it is recommended to compare insurance plans before buying them, having some basic understanding will help you extract the most out of them.
If you think lifestyle-related health issues only show up after 40, think again. Youth no longer guarantees immunity. Today’s 25 - 35 age group is increasingly facing medical issues that only plague older adults. The reason? Long working hours at the desk, deliveries on speed dial, and a social life that rarely includes a decent amount of sleep are some of the reasons for the early onset of medical conditions like diabetes, anxiety, and hypertension.
Speak to our Advisor
+91
By clicking the button, I authorize Paybima advisor to contact me via SMS, Email, Phone, WhatsApp or any other modes overriding my 'DND'.T&C Apply.