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Icici Lombard Health Insurance Policy Pays For Your Medical Conditions

There arise situations in life when we need money due to health reasons

, accidents and sudden deaths in the family. Though we can borrow money from friends and relatives, it is better to have contingency plans that will provide us with money during these times of need. This is the reason why most people have insurance policies.

Most people believe in having a health insurance policy as a safety deposit for medical conditions. We have to visit doctors for various reasons. It can be as minor as fever or it could be because of an upcoming surgery. Health insurance covers almost all the medical conditions you have and provides you with the money that you may require. Be it the new pair of glasses that you need, the lotions and pills for the skin infection you have, the inhalers for your asthma, or the surgeries that you may undergoing, a health insurance policy can provide the money of all these things. The amount of money that you can utilize is also dependent on the premium you pay for the policy.

There are several health insurance companies in India that have such policies. You need to understand the scope of the policies before signing in on one. You also need to check the amount of premium you must pay so that it does not become a burden on you. You can select the company from where you want to buy your insurance policies. ICICI Lombard health insurance is a good option. It covers a wide range of medical options, allows you to pay the premium in 3, 6, 9 or 12 months installments, and also accepts payment via credit cards. To top it all, you have a tax benefit as well if you get a health insurance policy.

Other than full fledged health insurance policies, there are also the term insurance policies. These are smart options especially when people expire suddenly. This kind of an insurance policy is valid only for a specific period of time. It can be as less as 5 years to as much as 30 years or more. The premium that you need to pay for this insurance is also very nominal and so t does not affect your budget much. term insurance benefits people who have a lot of dependants. If an insurance holder expires during the term, then the dependents get the money and can use it to their benefits.

Any type of insurance is beneficial. It will take care of you either way; whether you are sick and ailing, or you have met with an accident or you expire, the money from the insurance is beneficial.

by: Lucy liu
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Icici Lombard Health Insurance Policy Pays For Your Medical Conditions