Importance of Health Insurance
• Crucial Support: Health insurance is very essential.
• Time of Need: It helps you in both your good and bad times.
• Emergency Help: If a sudden medical emergency occurs, only medical insurance helps you out.
• Protects Savings: It protects your personal savings from high medical bills.
• Covered Costs: It covers expenses like hospital stays, medicines, and personal doctor visits.
• Health insurance also gives you a deduction under Section 80D in the old income tax regime.
The Reality in India:
• Huge Gap: Even today, more than 75% of people in India do not have medical insurance.
• No Cover: They lack both individual and family insurance.
• Alarming Fact: This is a very large number.
Fighting Inflation and Costs
• Beats Inflation: Medical insurance also protects your savings from rising inflation.
• Rising Costs: The way medical costs are increasing rapidly, you must have individual or family health insurance.
Risks of Not Having Insurance
• Financial Setback: If you do not take health insurance, it pushes you back financially by many years.
• Family Crisis: Families get broken down, both emotionally and financially.
