At Nostra Wealth we believe that Health insurance is the most important part of your financial planning. It is your duty to be responsible to your health and start saving and investing early in a suitable health insurance. We look at some important reasons for having a good health policy in your financial planning.
- Medical costs are injurious to your savings: With the cost of medical expenses increasing by the day, it helps to plan in advance for medical emergencies of the future and help you start saving money today. By getting a health policy, you can smoothly handle unannounced health expenses in the future so that it doesn’t leave a dent in your day-to-day financial budget.
- You can get tax exemption under Section 80D: It is common knowledge that Health Insurance plans often double as a tax saving instrument. Thus, by investing in health policies, you’re not only saving money for emergencies of the future, but also saving money on taxes in the present.
- Health insurance helps in retirement planning too: When you purchase a Health Insurance plan and combine it with your financial goals, you will save yourself from the burden of exhausting all your retirement money on getting treated for an unannounced medical ailment. By providing for hospitalization charges and treatment expenses, Health Insurance can be a huge blessing for the retired.
- Teach your children the power of a health plan: If you inculcate the habit of making a health insurance investment, your children, too, will learn the importance of having a health insurance policy. This knowledge helps your children to include a health insurance plan in their investment planning and enjoy its benefits. So, learn the importance of health insurance yourself and then impart this knowledge to your children.
We invest for wealth appreciation and a health insurance plan helps in safeguarding your investments against medical contingencies. If the rising healthcare costs are any indication, you should invest in a health insurance plan at the earliest. Furthermore, health insurance investment is not a one-time deal. Timely renewals are also required to continue the plan benefits. Having a valid cover throughout your life helps after retirement too when your plan pays for all of your medical expenses.
We are tied up with ADITYA BIRLA HEALTH INSURANCE as they have one of the best health insurance plan in industry.
