Importance of Buying Health Insurance in India

When you’re healthy or in your younger years, you won’t probably feel the need to buy health insurance. But, you certainly need to stay prepared for the worst. What will happen if there’s an emergency medical situation and you’re not financially adept to meet your medical needs?

Obviously, the last thing that you would want to do is wipe off all your savings to meet your medical needs. If you have health insurance, you have access to medical facilities without any hassles, ensuring complete peace of mind for you and your family.

Why you need health insurance

Health policies are designed to cover your medical expenses and give you the freedom to avail of quality healthcare (in one of the network hospitals) depending upon the insurance purchased. Thus, policyholders can access medical treatment of the covered perils without any hassle. 

The fast-paced life, bad eating habits, high levels of pollution, and higher risk of incidence of diseases at a younger age are the major factors that may result in medical emergencies. If you have not covered yourself and your family under a family health insurance plan, a medical emergency can leave you cash-strapped. So, why wait for an emergency to occur when you can keep yourself protected with a health plan. Further, the rising medical costs again stress the need for every individual to be protected under a health plan.

Importance of Buying Health Insurance in India

The importance of buying health insurance is undeniable. Here’s why buying a health plan is important: -

Financial Security

Sooner or later, everyone would want to lead a financially secured life. While achieving financial security is obviously linked to saving enough for your future, getting insured is an equally important part of it. If you do not have a health policy, then in the time of a medical need you will have to pay it out of your savings, which would ultimately affect your finances. Health plans help you manage your emergency medical expenses so that you can utilize the savings in a better manner. Plus, the cherry on the cake is the tax exemption that you get u/s 80D on the premium that you pay for your health policy.

Shift in lifestyle

Lifestyle has changed a lot in recent times. We have to travel a lot, sit for long hours at work, don’t get time to take care of our health, and also neglect small signs of an accumulating health problem. All these things can lead to serious health problems in the future. Hence, health policy is more than a requirement as it includes regular medical tests, covers a range of medical treatments, and provides medical services at the best healthcare facilities.

Early disease incidence

Lifestyle changes, bad eating habits, and pollution are major factors that have led to an increase in the early incidence of a range of serious health disorders. Having a health plan allows you to avail of free annual health checks ups, from time to time, thus saving you from developing serious health problems.

Rising medical costs

Healthcare expenses are unbelievably expensive, and it is estimated that the cost of medical expenses will rise further with the rise in inflation. So, to safeguard yourself against rising medicals costs and stay financially secure, having a health plan is a must.

Health insurance provides prompt access to medical treatment, with the flexibility to customize your policy as per your healthcare needs. So don’t wait, cover yourself and your family with a family health insurance plan today.
Read more on the advantages of health insurance plan

**To understand exactly about the policy coverage, exclusions, etc read the Policy Wordings carefully.**