In simple terms, a health insurance is an assurance of an individual’s medical and surgical expenses in case of a medical emergency. This makes health insurance plans a worthy investment because they pay off the expenses sustained due to an illness, injury, or the overall care of an insured individual.
Do You Really Need Health Insurance Plans?
The present scenario of health insurance in India is grim. Roughly 70% of Indians bear health care costs as a part of out-of-pocket expenditure. And only 5% of Indians are covered by health insurance policies.
Only 30% of the country’s total health care budget is spent by the government on primary health care in India. Surprisingly, this is just a fraction of what countries like the US and the UK spend every year.
This must be taken as a wakeup call for staying prepared. When the worst time hits, you must have a way out for you and your family. The best way to prepare for medical emergencies is to opt for best and all-inclusive health insurance plans.
The healthcare cost rises every year with higher inflation rates than food or other articles. While the inflation for food and other articles rise …