Why Health Insurance is Important for You? Reason To Buy A Policy


Importance of Health Insurance

Earlier, we talked about the importance of Life Insurance. But missing health insurance is not a good idea. Therefore, today, we have come up with an article which will tell you the Importance of Health Insurance. So, check the following details with concentration.

Why You Should Buy A Health Insurance Policy?

Are you among those who think that health insurance is only for the elderly and the sick? Have you ever thought that insurance cover for many diseases can prove to be a boon amidst unexpected expenses of hospital and can relieve all your stress? Just consider this scenario, in which God does not ask that you have to pay an amount of five lakh rupees for the treatment of heart disease. Don't you want the same amount to be covered at a nominal monthly premium of Rs. 300. Isn't this a better deal than paying the bill of treatment out of your own pocket? If you look at some things, you will know why you should not ignore health insurance.

Changing Lifestyle Can Become A Major Cause Of Illness

Working late at night, poor eating habits, no exercise and excessive stress are enough factors to make any healthy person sick in a few moments. It is beneficial to invest in a health insurance plan to be safe from these situations.

It Is Important To Give Importance To Yourself

It is not surprising that we spend more money on collecting things than on protecting ourselves. We decide to put ourselves at last, while the need is to put ourselves first. We certainly know that home and car repairs can be extremely expensive, but have you ever considered how you will get yourself repaired in the event of an unfortunate accident? Health insurance is essential to keep yourself safe.

Prevention And Caution Are Better Than Treatment

In case of critical illness, buy a health insurance policy to help with medical expenses. Along with this, after getting information about serious diseases, annual health check-ups and other tests should be done, so that they can be treated in time. It is important that R should be careful from the beginning and even if there is a lapse, seek the help of health insurance.

Health Insurance Is Important In An Emergency

Health insurance is important in today's times, especially in medical emergencies. A health insurance can cover hospitalization expenses, doctor's fees and medicine expenses. Human beings are very optimistic. We always believe that our coming tomorrow will be happier, more prosperous and better, but who has actually seen tomorrow? Indians need to buy health insurance as we are highly susceptible to risk ailments like obesity and heart disease due to our diet, unhealthy lifestyles, increasing stress and increasing urbanization.

India's health care spending has skyrocketed over the years. The World Health Organization (WHO) report says that Indians spend around 70% of their health expenses out of their own pocket. Unexpected medical compulsions can spoil a family's budget, which is why it is important to buy health insurance early.

Cashless Claim Benefit Will Also Be Available With Insurance

By buying health care plan, you will not only get coverage for serious diseases, but under this, people also get cashless claim benefit, not only that, you also get tax benefits under it.

Comprehensive Cover Will Be Available At Low Premium

Generally, the youth feel that they are very healthy, they like to exercise, eat good food and have no bad habits and they do limited work like smoking and drinking, hence they don’t need health insurance. But the truth is, as long as you do not have any medical problems, it is better to get health insurance as soon as possible. This helps a person to get a comprehensive cover at a lower premium than buying a policy later in life.

Health Insurance Expenses Increase With Age

Also, we want to let you know that the cost of buying health insurance increases with age, because with increasing age, the possibility of various diseases complicates the policy and can increase the premium. Another reason to buy health insurance early in life is to take advantage of cumulative bonuses. A younger person is less likely to file a claim than an older person. This type of cumulative bonus can be more than 50% of the sum assured, which means that your sum assured will be 150% of the original sum assured. Whereas you pay the premium for only 100 per cent of the sum insured. These are just some of the reasons why health insurance should be purchased earlier rather than later in life.

Health Insurance Ensures Financial Security

In this context, Sanjay Dutta of ICICI Lombard General Insurance Company Limited says that people need to start looking at health insurance as a solid long-term investment, which gives good returns for your mental and financial health. An adequate health insurance policy provides peace of mind, provides strength during emergencies, and ensures financial security. However, many people buy health insurance cover when they start experiencing health problems and by then it is too late. With the ever-increasing prices of health services in our country, and increasing cases of diseases, health insurance is a necessity today.

These were the points telling you the importance of health insurance. In the end, we just want to say that you must go for the health insurance as you saw how important it can be for you in your future. Good bye! See you in the next article!

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