Thursday 10 March 2016

Why do you need health insurance?


There is a very common proverb that says “Health is wealth”. This is a fact that holds true in every sense. However wealthy a person might be, good health is required to enjoy that wealth. A health insurance plan goes a long way in ensuring good health. No one plans on getting sick or injured, but everyone needs medical attention at some point in their lives. Health insurance covers these costs and offers many other important benefits as well. All the medical expenses from preventive health check-ups to treatment and recovery are covered under a health insurance plan. 


Many people keep putting off health check-ups because of the additional costs involved in it. This can prove fatal at times because its leads to the delayed diagnosis of underlying medical conditions. However, it is often seen that people with medical insurance tend to go for frequent health check-ups which help in early diagnosis and effective medical treatment of conditions. Most uninsured people fail to receive timely medical care and have worst health outcomes. Moreover, lack of health insurance emerges as a financial burden for them and their families.



According to the recent World Bank report, 99% of Indians will have to face a financial crunch in case of a critical illness. This is why health insurance plans in India are increasingly gaining popularity. By paying a meagre premium, one can get access to quality healthcare facilities. As long as a person regularly pays the health insurance premiums, they can count on receiving extensive medical coverage. Many chronic conditions often require repeated treatment, but as long as it's not a pre-existing condition, health insurance companies will usually cover the costs associated with such medical issues.



Therefore, taking up a health insurance plan is imperative in order to have access to the best healthcare without fearing financial strain. 

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