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Why Health Insurance Is Important In India?

Why health insurance is important in India

Importance Of Health Insurance

Inflation is increasing day by day in India! So, the family expenses.

We have control over our family expenses only but not on Inflation. In order to control the effect of inflation on our finances many a times a person has to do compromise with regular expenses and fulfilling desires.

And there comes two very important necessity without which it is impossible to survive easily in the modern world:
  1. Education
  2. Health
This two terms are the most important priority in almost every family but due to increasing educational costs and medical bills sometimes a person has to compromise between this two.

And ofcourse health comes first for the family which spoils education of a child and if education is given first priority then a beloved member can be lost by a family without proper medical treatment.

so, what will you choose between the two in such circumstance? EDUCATION OF YOUR CHILD OR THE LIFE OF YOUR BELOVED FAMILY MEMBER???

DO YOU HAVE ANY ANSWER???

Let me give an answer for you...

When we talk about Education, never compromise with your child's future. Education is the first and basic necessity for your child. And when we talk about Medical Expenses then, HEALTH INSURANCE POLICY is the answer you have to buy today itself before it gets too late for you to take it for yourself as well as for all your family members.

Why Health Insurance?

Living in this fast paced world is becoming increasingly stressful and resulting in major health conditions especially among Indians. Millions of Indians lose their lives to heart diseases and diabetes, which, according to a report by WHO is the leading cause of death in India. Apart from that, respiratory diseases, birth complications, and infectious diseases are also increasing rapidly.
Given that Indians are more prone to serious health conditions, have you considered protecting your family and yourself against these? Rising health care costs may result in financial difficulty.
An excellent way to prepare for such situations is to avail of health insurance policies with out delay.

What Health Insurance Covers?

Different Insurance companies and policies provides different types of plans to maximize coverage and benefits. Some of the coverage includes pre-hospitalization and post-hospitalization expenses, hospitalization costs, day care processes, and domiciliary treatment. Here are two most basic types of health insurance plans in India.
  1. Indemnity plans
  2. Lump-sum benefit policies
Indemnity Plans

These type of policies will compensate the actual finance that has been incurred. You may avail the entire coverage amount multiple times during the policy term. Below is the list of a few expenses covered under indemnity health insurance.
  • Hospital room rent
  • Operation theater charges
  • Doctors’ fees
  • Pre and post-hospitalization expenses
Lump-sum Benefit Plans

These types of health plans pay the entire sum assured if the covered event occurs. For example, if the health plan includes critical illness coverage and you are diagnosed with the same, you will receive the benefits. The objective of such plans is to offer you financial support to meet expenses like:
  • Physiotherapy or other rehabilitation procedures
  • Monitoring devices needed in case of critical illnesses
  • Follow-up medical tests and investigations
  • Dietary supplements
  • Ergonomic furniture or home modifications needed due to your illness
What are the benefits of Health Insurance Plans?

Financial stability

Emergency medical expenses may result in severe financial distress. It may eat up all your savings or even you have to sell your assets to meet such expenses. When you buy a health plan, you are assured of financial stability during an illness.

Best treatment

You may have to compromise on the treatment plan in case of a health condition due to lack of funds. With the best health insurance plan, you have the assurance of procuring the best treatment to overcome any health condition. You can opt cashless treatment in multispecialty hospitals.

Choice of insurance plans

Different insurance companies offer various types of health policies. Opting for the best health insurance available in India may be confusing. All Health Insurance companies have a variety of insurance plans. You may avail of a plan that specifically caters to your requirements.

Avail of health coverage so that you may take benefit of all the health insurance advantages because safeguarding yourself and your family against health problems is the best investment you will ever make.

To buy health insurance policy for your family protection you can contact your insurance advisor or you can also contact us by dropping us your details.

May You And Your Family Live A Long And Healthy Life!

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