Medical indemnification
Insurance is considered a form of long-run savings for senior citizens. This money provides financial stability and to a fault helps them in times of need. Medical indemnity enables senior citizens to assume for health checkups, emergency medical costs and long-term treatment. The income tax income benefit on insurance premiums is up to Rs. 15,000 under persona 80 D of the Income Tax Act, as on edge 31, 2007. Medical insurance is provided through several private insurance companies and four public sector general insurance companies. These are:
* National Insurance Company(External website that opens in a new window)
* oriental person Insurance Company(External website that opens in a new window)
* New India say-so Company(External website that opens in a new window)
* United India Insurance Company(External website that opens in a new window)
The National Insurance Company offers the Varistha Mediclaim Policy(External website that opens in a new window) for senior citizens. This policy covers hospitalization and domiciliary hospitalization expenses under Section I as puff up as expenses for treatment of critical illnesses, if opted for, under Section II.
Diseases cover under critical illnesses are coronary artery surgery, cancer, renal failure, stroke, multiple sclerosis and major organ transplants. Paralysis and blindness are covered at extra premium.
Oriental Insurance Company provides a Comprehensive Health Insurance precis (1 B)(PDF file that opens in a new window) , a meeting Insurance Policy(External website that opens in a new window) and an Individual Mediclaim Policy(External website that opens in a new window). These policies pay for hospitalisation or domiciliary hospitalisation of the insured in case of a fulminant illness, an accident or surgery. These conditions should have arisen during the policy period.
The Mediclaim Policy functional through New India Assurance Company(External website that opens in a new...If you want to get a full essay, order it on our website: Ordercustompaper.com
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