The COVID-19 pandemic has made the entire world sit up and realise that medical exigencies are unpredictable and can cause a financial upheaval that is tough to handle.

There is enough evidence to support the fact that the lives of people have changed radically over the years, and it hasn’t necessarily been for the better. Deteriorating health due to sedentary lifestyles, poor eating habits, lack of exercise, unproductive activities especially amongst those living in urban areas has made it imperative to have medical insurance. With the rising cost of medical expenses, access to good medical facility can be financially strenuous.

Therefore, getting a health insurance cover for yourself and your family can provide the added protection. Here are four crucial reasons why you need to consider getting a health insurance plan today:

Lifestyle diseases
Lifestyle diseases are on the rise, especially among people under the age of 45. Illnesses like diabetes, obesity, respiratory problems, heart disease, all of which are prevalent among the older generation, are now rampant in younger people too. While following precautionary measures can help combat and manage these diseases, an unfortunate incident can be challenging to cope with, financially.

Safeguarding  family
Consider your ageing parents, who are likely to be vulnerable to illnesses, as well as dependent children. You can choose to secure your entire family under the same policy rather than buying separate policies.

Dealing with medical inflation
Apart from the obvious benefit of having the financial confidence to take care of your loved ones, a health insurance plan is extremely useful when it comes to beating medical treatment inflation. As medical technology improves and diseases increase, the cost for treatment rises as well. And it is important to understand that medical expenses are not limited to only hospitals. The costs for doctor’s consultation, diagnosis tests, ambulance charges, operation theatre costs, medicines, room rent, etc. are also continually increasing. All of these could put a considerable strain on your finances if you are not adequately prepared. By paying a relatively affordable health insurance premium each year, you can beat the burden of medical inflation while opting for quality treatment, without worrying about how much it will cost you.

Employer cover is just not sufficient.
Most insurance policies offered by employers do not exceed INR 2 lakh per annum. This amount is sufficient only for small illnesses. For those suffering from major illnesses, you might need a substantial insurance cover to take care of the hospital bills in times of emergency.

Employers provide group insurance, that is, only the employee may be covered and not the dependents. This means if any other member of the family is hospitalized, the insurance policy will not pay for the expenses incurred. So, it’s very important to have a secondary health insurance cover so that spouse, children and dependent parents can be brought under the coverage of the policy.

And with medical treatments advancing considerably, having a higher sum assured can ensure your every medical need is taken care of financially. But don’t worry if you cannot afford a higher coverage plan right away. You can start low and gradually increase the cover.

Conclusion
A health insurance policy is an essential requirement in today’s fast-paced lifestyle. Protecting yourself and your loved ones from any eventuality that could leave you financially handicapped is a must.

If you want to know more about plans and policies contact us at 98208 18367(Kirit Nagda).