In this scenario of COVID-19 epidemic, i will say every person must have their health insurance. Health insurance is basically to have access to best medical facilities which is the need of the hour.
Covid-19 is basically an eye opener for everyone .As Number of inquiries also increased from existing health policy customers related to hospitalization expenses related to covid-19. And many people are also approaching us to buy a policy for themselves and their family members.
Still i can say Health insurance in india under penetrated.This is because we indians are not prepared for risk,we feel nothing will happen to us and we believe Health insurance is not our cup of tea which is totally wrong.It is not just because of covid-19 virus these days , medical emergencies are always unpredictable. Hence , it is important to have health insurance & be prepared for it.
Many people believe health insurance is a dead investment or just a tax saving tool. But we realise its true value when things go wrong and understand its importance at the time of claim only. health insurance policy helps you to live a life of dignity without digging into your savings , or borrowing from someone or selling any valuable asset. Only one hospitalisation worth a lot more than the premium paid for time frame of five or seven years , making it a worthwhile investment towards an uncertainty.
I strongly believe that one must have a comprehensive health policy which is a combination of basic health insurance policy along with Super top up which is beneficial if base policy sum insured gets exhausted. This mix will help you to prepare for most of the medical emergencies and stay worry free in terms of medical expenses without being dependent on anyone.
Most importantly , Health insurance also allows you to get quality medical treatment as you don’t hesitate to visit a doctor with a financial backup in hand. There are people who frequently visit hospital for fever , flu or any other ailment because they know that their medical expenses will be taken care of with health insurance , rather than staying at home. It is also important to have health insurance policy with appropriate sum insured. Under insurance will defeat the purpose of having insurance towards the end, if you are not rightly covered.
Therefore, it is always advisable to assess your medical requirement , understand various health insurance policy by checking their coverage , benefits and exclusions and their services provided by insurer.
Hence , I Always suggest starting early on in life with a health insurance policy, but it is never too late to buy a health insurance policy, if you don’t have one, buy it now to safeguard yourselves and your loved ones against unpredictable medical emergencies.