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What is Term Health Insurance and Why Should One Invest in It?

Health Insurance

No one knows when they might face a critical illness, right? Moreover, apart from the emotional drain, you and your loved ones also face a financial drain in treating your critical illness. We know that the cost of medical treatment is rising day by day. Moreover, no one wants to face any financial constraint and ensure that you and your loved ones face no hassle in achieving their long-term goals such as child’s higher education, marriage, buying a house, etc.

It is necessary to take financial decisions smartly and wisely. One such smart decision is investing in a term health insurance plan and providing a financial backup to yourself and your loved ones in case of an unforeseen critical illness or a disease such as cancer, heart diseases, paralysis, etc.

There are some leading insurance providing companies that provide some of the best term health insurance plans and ensure that you do not have to worry about your financial expenses arising from a certain critical illness. Their term health insurance plan covers the entire medical cost and lets you be at peace.

Let us first understand what we mean by a term health insurance plan?

What is a Term Health Insurance Plan?

A term health insurance plan is an insurance plan that covers the entire cost of medical expenses that you may face due to a critical illness. These costs include medical costs, hospitalisation costs, etc.

Why is it Necessary to Invest in a Term Health Insurance Plan?

Critical illnesses such as cancer, heart attack, etc., do not come with any warnings. Moreover, as the cost of medical treatments rises every day, you may face a financial constraint in paying your medical bills. To ensure that you do not compromise on your and your family’s other essential goals because of these medical bills, it is vital to invest in a term health insurance plan. Not only does it cover your medical bills, but you do not have to sacrifice your dreams, as a term health insurance plan will cover all the treatment costs.

Benefits of Investing in Term Health Insurance Plan

1. Tax Benefits

Apart from covering the medical expenditure, the policyholder is also eligible for tax benefits under term health insurance plan. The premiums paid by the insurer for the policy are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. However, tax laws are subject to change from time to time.

2. Better Medical Treatments

One of the major advantages of a term health insurance plan is it lets you go for better medical treatment. As you will not have to worry much about medical cost, you can go for a better treatment for the illness you face.

3. Affordable Premiums

The premiums of term health insurance plans are affordable and pocket-friendly if you invest in this policy at a younger age compared to a later age. Therefore, you do not have to worry about paying the expensive premiums for the policy.

Our Intake

Investing in a term health insurance plan is ideal to ensure that you and your loved ones do not face any financial constraint if you get detected with a critical illness like cancer, heart attack, etc. Moreover, you can continue with medical treatment seamlessly and without any hassle.

You should go for a top-rated and most trusted life insurance company that provides the best term health insurance plan for you to have a seamless medical treatment. A good insurance company further ensure that you or your loved ones face no financial constraints or any other hassle and can be at peace of mind.


Tax benefits are as per the Income Tax Act, 1961, and are subject to any amendments made thereto from time to time
The article is meant to be general and informative in nature and should not be construed as solicitation material. Please read the related product brochures for exclusions, terms and conditions, warranties, etc. carefully before concluding a sale.
Make responsible financial decisions. Consult with your financial advisor before making any decisions on insurance purchase.

Suggested Plans

Bharti AXA Life Guaranteed Income Pro

  • A Non-Linked, Non-Participating Individual Life Insurance Savings Plan
  • 4 Income options to choose
  • Guaranteed 10% Addition of Annualised Premium (as per the terms and conditions of the policy)
  • Get all your premiums back at the end of the payout period under Long Term Income and Deferred Income variants
  • Flexibility to choose premium payment term or policy term

Bharti AXA Life Shining Stars

  • Non-linked, non-participating limited pay endowment Life Insurance plan
  • Designed to take care of the financial needs of your child.
  • Flexibility to opt between 2 Maturity Payout Options
  • Flexibility in Policy Term/Premium Payment Terms
  • A great short-term investment option for a child insurance policy.

Bharti AXA Life Super Series

  • A non-linked non-participating individual life insurance savings plan
  • Range of investment duration and returns
  • Guaranteed money back benefits (provided policy is in force and all due premiums have been paid)
  • Income tax benefits (as prevailing tax laws in India that are subject to changes)