The Imperative of Having Medical Cover: A Comprehensive Guide

black woman in medical mask against white wall with shadow

In the current era, the importance of medical cover cannot be understated. With escalating healthcare expenses and an upsurge in health-related issues, medical cover serves as a financial safety net in times of health crises. This article will delve into the reasons why medical cover is essential, the optimal time to purchase one, and the considerations to make while buying health cover.

Understanding Medical Cover

Medical cover, also known as health insurance, is a form of insurance that covers the costs of medical and surgical expenses incurred by the insured. Under this arrangement, the insurer can either reimburse the insured for expenses incurred from health issues or directly pay the medical facility providing the health services. The types of medical cover vary, ranging from individual health cover, family health cover to critical illness cover.

Why Medical Cover is Crucial

There are numerous reasons why one should consider having a medical cover. Here are the five primary reasons:

1. Adapting to Lifestyle Changes

The modern lifestyle, characterized by strenuous work schedules, unhealthy eating habits, and high pollution levels, has increased susceptibility to health problems. Having a medical cover can help you manage the financial aspects of these unpredictable health risks.

2. Managing Escalating Medical Expenses

Healthcare costs have seen a steep increase in recent years. In the event of a health emergency, without medical cover, individuals often deplete their savings, affecting their future financial plans.

3. Availing Income Tax Benefits

The premiums paid towards medical cover are tax-deductible under section 80D of the Indian Income Tax Act. This deduction can be claimed by individuals for themselves, their spouse, or children. Additional deductions are available for premiums paid for senior citizen parents.

4. Cover for Pre and Post Hospitalization Costs

Medical cover not only covers primary medical costs but also the expenses associated with OPD (out-patient department) and diagnostic tests pre and post the hospitalization period.

5. Additional Perks

Medical cover often comes with added advantages like ambulance coverage, coverage for day-care surgeries, health check-ups, and vaccination expenses. Some insurers even offer coverage for alternative treatments.

When to Buy Medical Cover

While there is no prescribed age to purchase medical cover, it is advised to buy it at a young age. The premiums for medical cover increase with age due to increased risk factors. Hence, buying medical cover early can help in saving on premium costs.

Things to Consider When Buying Medical Cover

When buying a medical cover, one must also consider purchasing critical illness insurance. This insurance provides a lump sum payment on being diagnosed with a critical illness covered under the policy. This amount can be used to fund other essential expenses related to the illness.


In conclusion, having a medical cover is not just a wise financial decision but a necessity in today’s world. It not only provides financial support in times of health emergencies but also offers tax benefits, covers additional medical expenses, and provides a sense of security. So, if you haven’t yet, consider investing in a comprehensive medical cover based on your health needs and secure your future health.

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