In today’s era, the cost of treatment is continuously increasing. In case of serious illness or sudden hospitalization, expenditure of lakhs of rupees can completely spoil the budget of a common family. In such a situation, health insurance has emerged as an important means of financial security.
Why is health insurance important?
Health insurance policies help cover hospitalization, surgery, treatment and many other medical expenses. This reduces the sudden financial burden on families to a great extent.
Experts believe that in view of rising medical inflation, every family should have adequate health insurance cover.
How many families took health insurance?
According to recent surveys and government data, the coverage of health insurance in India is continuously increasing. About 40 to 45 percent of the families in the country have come under the ambit of some form of health insurance or health protection scheme. This includes government schemes, private health insurance and employer-provided health insurance.
However, there is still a large population that does not have adequate health insurance coverage.
Big contribution of government schemes
Government schemes have played an important role in increasing health insurance coverage. In particular, schemes like Ayushman Bharat have provided health security to economically weaker families.
Apart from this, many state governments are also running their own health insurance schemes, from which lakhs of families are benefiting.
What things should be kept in mind while taking insurance?
Select adequate sum insured (coverage amount). Check the list of network hospitals. Read the waiting period and conditions carefully. Choose a family floater or individual policy as per the needs of the family. Pay attention to claim settlement records.
Awareness is increasing
After the Covid-19 pandemic, awareness about health insurance has increased rapidly among people. Now more families are considering health insurance as an important part of financial planning to protect against rising medical expenses.
