Why Do You Need Health Insurance?
As a financial buffer you need a health insurance policy to be able to keep up with the rising healthcare spending in India. Over the past few years, health inflation has been around 15 percent in India, and a health care policy helps people pay for expensive medical facilities, outpatient costs in the event of illness or serious injury. Unfortunately, only 20 per cent of India's overall population has gained health insurance. By contrast, just 18 per cent of the overall population residing in metropolitan areas and 14 percent of the total rural population was covered by any form of health insurance. Let us test why India wants health insurance cover: The costs of hospitalization, prescription and medical tests, ambulance, specialist fees, etc. will be compensated by a health care programme. Even some insurance benefits pay OPD costs up to a certain cap. It helps people off of the out-of-the-pocket expenses of a cashless emergency treatment program being offered by the network hosp...