Why Delay, When the Time to Buy Health Insurance is Now!

The right time to buy a health insurance plan is NOW. The earlier you buy it, the healthier you are and the maximum benefit you will get when you actually need it. But if you haven’t bought it earlier, then there is no need to keep pondering on the same. Simply wake up and smell the coffee. Health insurance is not a luxury anymore. It has become a necessity. So, it’s time to finally activate your health insurance plan!

The demand for health insurance demands had gone up in the post-covid world with higher awareness and rise in hospital bills. In fact, demand for comprehensive health insurance plans has also gone up from the pre-pandemic stage and one of the key contributors to this is the high healthcare costs.

Despite the apparent awareness, according to government statistics, more than 70% (Source: Economic Times, Jan 2022) of the overall healthcare costs is paid out of pocket. So, while COVID has increased the awareness about health insurance and motivated many to buy a plan, many are still hung in the middle. This raises a question – What is the delay all about?

Benjamin Franklin said, ‘Don’t put off until tomorrow what you can do today’. While many of you might have heard this quote, how many of you actually emulate it?

A health insurance plan has become a necessity, especially in today’s age when the multiple waves of the pandemic are wreaking havoc on life and health. The relevance of having a health insurance policy has increased manifold in the post-COVID world.

Even if you take the pandemic out of the equation, you cannot ignore the burgeoning healthcare costs and the rapid increase in the incidence of illnesses. Diabetes, hypertension, asthma, or even dreaded cancer has become a common occurrence. While you can’t prevent these illnesses, you can definitely make provisions for covering their expenses. How? Through a health insurance policy, how else!

A health insurance policy covers your medical costs when you are hospitalised. You get coverage for –

  • Inpatient treatments
  • Room rent
  • Pre and post hospitalisation costs
  • Ambulance costs
  • Cost of surgery
  • Daycare treatments
  • Domiciliary expenses
  • Organ donor treatments, etc.

The list goes on….

So, with a health insurance policy, you can rest assured that your medical emergencies would not damage your financial health. The policy would cover your bills and help you avail of quality healthcare treatments.

Add to the coverage is the tax advantage. The premiums that you pay for a health insurance plan qualify as a tax deduction under Section 80D of the Income Tax Act, 1961. You can claim a deduction of up to INR 25,000 if you are insuring yourself and/or your family members. Add another INR 25,000 to the deduction limit if you are a senior citizen. Furthermore, if you also insure your senior citizen parents, you get an additional deduction limit of INR 50,000 for claiming a deduction on the premium paid for their policy. So, do the maths. The maximum deduction that you can claim is INR 1 lakh which converts to a tax saving of INR 30,000 if you fall in the highest tax bracket of 30%.

Coverage, financial security and tax advantage, what more can you ask for?

Still, wondering about buying health insurance?

Stop wondering and become active. Buy a health insurance policy today. You never know what tomorrow holds – another wave of the pandemic or any other illness that might need medical attention!

Why leave your finances to chance when you can secure them with health insurance?

Turtlemint wins “InsurTech Company of the year” at the NBFC & Fintech Excellence Awards 2022 by Quantic India

We have done it again! From being recognised for our tech enablement in multiple forums, Turtlemint has now bagged the award for the “InsurTech Company of the year” at the NBFC & Fintech Excellence Awards 2022 organised by Quantic India. The eminent panel of jury at the award function recognises the efforts and the outcome associated with the same.

Quantic India is an internationally recognized business media organization for over a decade and they bring together global leaders to foster human interaction in industries such as BFSI, Pharma, Supply chain, Engineering, FMCG, etc.

Turtlemint has been the pioneer in creating the Point of Sale Persons (PoSPs) network in India. In fact, Turtlemint has stepped ahead of the curve by creating a successful model of enabling the insurance advisor community with digital tools via the mobile app TurtlemintPro. This has got us huge appreciation within the industry as well.

Turtlemint has been the pioneer in creating the Point of Sale Persons (PoSPs) network in India. Turtlemeint has empowered the insurance advisor community with digital tools via the mobile app TurtlemintPro. 

Turtlemint has more than 1.4 lakh insurance advisors with footprints in more than 14,000+ pincodes Pan India. Turtlemint’s endeavor has always been to ensure right advisory is being given to the consumers to enable the consumers to choose the right insurance product.

The recent campaign #ActiveHoJao with Dhoni as the brand ambassador has been Turtelmint’s initiative to nudge consumers from “Passive financial thinkers” to “Active financial doers”.

Turtlemint wins the “Best Fintech Startup” by Entrepreneur India at the Start up Awards 2022

The latest feather in the cap for Turtlemint is the “Best Fintech Startup” award by Entrepreneur India at the Start up Awards 2022 event. It indeed is a very prestigious award for Turtlemint for being recognised for its special achievement in the Fintech startup ecosystem.

Turtlemint had been launched with the intent of empowering the insurance advisors with a tech platform to enable them with digitalisation and create multiple micro-entrepreneurs within the country. This led to the digital empowerment of the Point of Sale Persons (PoSPs) by creating the largest network of over 1.4 lakh advisors having footprints in 14,000+ Pincodes Pan India. Tutlemint’s digital tools have enabled the insurance advisor to advise the right insurance product to their customer and hence contributing to an increase in insurance penetration in the country.

Being pioneers in this industry, Turtlemint has been able to create a name for itself with its pivotal role in creating tech-enablement in the insurtech space. Being recognised for digital empowerment as the “Best Fintech Startup” by Entrepreneur India is indeed quite humbling as the journey was far from smooth. The recent campaign #ActiveHoJao with Dhoni as the brand ambassador has been Turtelmint’s initiative to nudge consumers from passive financial thinkers to active financial doers.