Unlike the western world, India is still to grow in terms of the number of people who have health insurance coverage. As per data, apart from the states of Assam, Andhra Pradesh, Kerala, and Telangana; a majority of other states have less than 50 percent of households where at least one family member has a health insurance policy.
However, that’s slowly changing as people are becoming aware of the importance of health coverage and its benefits. It’s predicted that health insurance is all set to witness double-digit growth with more people opting for coverage in light of the recent global pandemic.
If you have never had any kind of health insurance coverage, you must opt for one as soon as you can. It not only comes in handy in times of crisis but also gives a sense of relief in case of hospitalization.
Now let us explain why health insurance is important.
The Rising Cost of Health Care
The cost of hospitalization has risen quickly over the years and bills can easily run up to lakhs for just a few days of hospitalization at a good tertiary care hospital. The average cost of hospitalization has witnessed a steep incline and without health insurance, it could wipe out your savings even before you realize it. A good health insurance policy will not only give you access to quality healthcare but also prevent your savings from being wiped out.
Access to Premium Medical Care
We are currently in one of the best times in human history in terms of the advances we have witnessed in medical care in the last few decades. By 2025, India’s government intends to expand public health spending to 2.5 percent of the country’s GDP.
However, even with such initiatives, access to the most advanced medical care and breakthrough treatment options often comes at a hefty cost. A good health insurance policy that has tie-ups with some of the best hospitals across the country grants you access to premium healthcare at a small cost.
Surgeries and post-operative care
At times a major illness may come knocking without raising an alarm. In such a scenario, a person might need to undergo complicated medical procedures and post-operative care to get well. A good health insurance policy not only takes care of the surgery but also takes care of the post-operative care for a period of up to 60 days saving you a lot of money in medicines, investigations, and routine post-operative check-ups.
Now that we have talked about the importance of health insurance, let’s look at 3 factors to help identify a good one.
Look for Comprehensive Care
Never go for a policy that’s non comprehensive; it’s crucial to always buy a policy that’s comprehensive and has you covered for all types of contingencies. Care Health Insurance has plans with comprehensive health coverage including Ayush treatment. The plans cover everything from 30 days of pre-hospitalization to up to 60 days of post-hospitalization coverage. Moreover, their plan also covers the cost of consumable items such as gloves, PPE Kits, masks, and other such items which contribute significantly to your medical bills and aren’t always covered under many other insurance policies.
Coverage for Critical Illness
Find out whether your health insurance policy offers cover for critical illness either within the plan itself or as an add-on. Either way, it’s always best to opt for one that does offer this benefit rather than buying one that misses out on this critical component. Our current lifestyle contributes to most hospitalization cases these days, and you must be covered against any severe illnesses arising out of it. Always go for an insurer that offers this benefit!
In the end, just remember health insurance is one of the most important investments you can make to safeguard your and your family’s future. If you still haven’t made that investment, there’s no better day than today to take a step forward and get insured for a better and secure future.