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    Why is it Important to Have a Health Insurance Policy in 2021?

    Last Updated On 29-10-2021

    One thing that the year 2020 taught is that health is the number one priority. Even though everyone predicted the pandemic to be over by 2021, unfortunately, it has followed us towards the end of 2021. However, there is hope now. India’s vaccination drive is considered one of the largest in the world. And, as the country continues to strive to beat the COVID-19 pandemic, it is important to reiterate the need for protecting your health.

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    A health emergency could arise at any time. It is always better to be prepared to face unforeseen circumstances. To prevent any hassle during the critical hour of need, investing in a sound health insurance plan has become a necessity than a choice in 2021.

    Here are some reasons that justify why it is critical to have a health insurance plan in 2021:

    1. Cover unexpected medical expenses:
    The COVID-19 pandemic highlighted that a health emergency can arise at any time. Further, with the effects of the pandemic still prevalent, unforeseen medical situations are more likely to occur. With the right health insurance plan, you are better prepared to face such emergencies.

    The insurance policy takes care of your medical expenses, allowing you to get the best treatment possible and focus on your recovery rather than worry about hefty medical bills.

    2. Increasing medical costs
    Medical inflation in India is a bitter truth. Health inflation in India increased to 8.4% in June 2021 from 3.8% in December 2019. This is worrying, especially if you have dependents. However, with the right health insurance plan, you can stop being stressed about the steeply rising medical costs.

    If you have a Mera Mediclaim plan from PNB MetLife, you can be covered for various day car treatments as well as comprehensive in-patient hospitalisation.

    3. Meet post-hospitalisation expenses:
    Generally, your medical treatment does not stop once you leave the hospital. Your medicines, check-ups, consultations, etc., carry further on even after you are discharged. A health insurance policy will help you take care of such needs without burdening your pocket. Health insurance policies support comprehensive care.

    4. Cover hefty critical ailment treatment costs:
    Today, the risk of critical ailments such as heart diseases, stroke, kidney failure, etc., has risen more than ever. These diseases can cause emotional and financial stress. However, during such critical times, having a health insurance policy comes in handy. The health insurance plan covers your treatment cost, giving you and your family financial safety during such stressful times.

    5. Offers cashless facility:
    Cashless benefits are one of the most important benefits of buying health insurance plans. If you have a health insurance plan, you can readily get admission to any of the network hospitals of the insurance company. You only have to fill a pre-authorisation form and show your mediclaim policy card to get this benefit.

    You and your family do not have to worry about arranging immediate cash as the hospital bills, and related costs are settled directly by the insurance company. This cashless facility comes in handy for emergencies, many of which were experienced when the second wave of COVID-19 hit the country in March-April 2021.

    6. Avail tax benefits:
    Apart from covering medical treatment-related benefits, a mediclaim policy also offers significant tax benefits. Under Section 80D of the Income Tax Act, 1961, you can avail of an income deduction of up to ₹25,000 per year for health insurance plan premiums paid for self, spouse, and dependents. If you or your dependents are above 60 years, you can get a tax deduction of up to ₹50,000 per budgetary year.

    No matter the age or life stage, a life and health insurance plan should be a top consideration for 2021 and the years ahead. If you already have a mediclaim policy, it is a good idea to revisit your policy and assess if your sum insured and other benefits are sufficient to provide financial security in the present and for the years to come.

    Visit PNB MetLife website to know more about term plan, term insurance & long term savings.

    Whether you are trying to lose weight or making a shift towards a healthy life, understanding your BMI (Body Mass Index) is one of the first necessary steps you can make. The BMI calculator can indicate your body’s fat content based on your weight and height. Once you have a clear view of this, you can go through different health insurance plans on the PNB website and secure your future financially against the growing healthcare costs. 


    The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.

    PNB MetLife India Insurance Company Limited
    Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka
    IRDAI Registration number 117 | CIN U66010KA2001PLC028883
    For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
    Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time.
    Please consult your tax consultant for more details.
    Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
    The marks "PNB" and "MetLife" are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
    Call us Toll-free at 1-800-425-6969, Phone: 080-66006969, Website:, Email: or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203.


    Beware of Spurious Phone Calls and Fictitious / Fraudulent Offers!
    IRDAI is not involved in activities like selling insurance policies, announcing bonus or investments of premium. Public receiving such phone calls are requested to lodge a police complaint.



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    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at or You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

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