Your money or your life? This is a question you need to ask if you are sceptical about spending money on health insurance.
With diseases and illnesses striking every second person we know in today’s times, it is astonishing that people would still need to think twice about getting health insurance. Most people who are reluctant to buy health insurance plans think that they will plan for any future emergencies ‘when they happen’.
But here’s the thing: how can one know when a problem will arise in future, or what the scale of that problem will be? More to the point, how will one be sure that he has sufficient money to take care of hospital and treatment expenses when the time comes?
While medical technology and treatment are advancing in India every year, so are the costs. Just a single hospital visit can empty one’s wallet, and prolonged hospital stay can wipe out one’s savings. So which would you rather have – an uncertain future, or a safe one? If you choose the latter, you must purchase health insurance.
Here’s what may happen if you don’t take health insurance:
- Not enough money for treatment. It is possible to pay for small medical procedures out of one’s pocket, but what will you do if an invasive surgery is required? For instance, you can easily pay for a Rs 5,000 minor dental surgery, but will you be equally nonchalant about a Rs 3, 00,000 urgent operation for a tumour at the back of your head? Take the smart route out – invest in good health insurance policies that will cover your major operations.
- No access to quality health care. You may have met with an accident that left your lower body paralysed, and you need to get admitted to hospital under observation for a month. Since you do not have health insurance, however, you are forced to take more affordable physiotherapy sessions at home. Instead, buy the best health insurance plan that will help you seek quality treatment.
- Trying to take insurance after disaster strikes. One must be aware of how health insurance works in order to file a claim. Do not expect to buy health insurance after an illness or injury has occurred, and then try and file a claim. A certain period of time needs to elapse before the benefits of health insurance can be availed.
- Losing out on benefits when you actually need them. Most people who put off taking health insurance plans do so under the assumption that health insurance is useful only for old people. However, most health insurance policies can be purchased only up to a certain age. Besides, the older one is when taking insurance, the higher will be the premium payable and the more restrictive the insurance policy. Taking health insurance when one is young and free of disease is better.
With diseases and illnesses striking every second person we know in today’s times, it is astonishing that people would still need to think twice about getting health insurance. Most people who are reluctant to buy health insurance plans think that they will plan for any future emergencies ‘when they happen’.
But here’s the thing: how can one know when a problem will arise in future, or what the scale of that problem will be? More to the point, how will one be sure that he has sufficient money to take care of hospital and treatment expenses when the time comes?
While medical technology and treatment are advancing in India every year, so are the costs. Just a single hospital visit can empty one’s wallet, and prolonged hospital stay can wipe out one’s savings. So which would you rather have – an uncertain future, or a safe one? If you choose the latter, you must purchase health insurance.
Here’s what may happen if you don’t take health insurance:
- Not enough money for treatment. It is possible to pay for small medical procedures out of one’s pocket, but what will you do if an invasive surgery is required? For instance, you can easily pay for a Rs 5,000 minor dental surgery, but will you be equally nonchalant about a Rs 3, 00,000 urgent operation for a tumour at the back of your head? Take the smart route out – invest in good health insurance policies that will cover your major operations.
- No access to quality health care. You may have met with an accident that left your lower body paralysed, and you need to get admitted to hospital under observation for a month. Since you do not have health insurance, however, you are forced to take more affordable physiotherapy sessions at home. Instead, buy the best health insurance plan that will help you seek quality treatment.
- Trying to take insurance after disaster strikes. One must be aware of how health insurance works in order to file a claim. Do not expect to buy health insurance after an illness or injury has occurred, and then try and file a claim. A certain period of time needs to elapse before the benefits of health insurance can be availed.
- Losing out on benefits when you actually need them. Most people who put off taking health insurance plans do so under the assumption that health insurance is useful only for old people. However, most health insurance policies can be purchased only up to a certain age. Besides, the older one is when taking insurance, the higher will be the premium payable and the more restrictive the insurance policy. Taking health insurance when one is young and free of disease is better.