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Why health insurance has become a necessity for everyone?
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Posted On :
Dec-26-2011
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Article Word Count :
525
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Health insurance is a way by which one can safeguard their health against sudden illness and medical emergencies.
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Health insurance is a way by which one can safeguard their health against sudden illness and medical emergencies.
What is more precious to a human being then their well being, as a part of having a well-off life is health? Health is wealth, goes an oft-repeated adage and rightly so. There can be no enriching of the life experience if you are not in sound health condition. But life is full of uncertainties and eventualities, situations can either be pleasant or otherwise. What is important in this scenario is to have a safeguard for the unforeseen consequences of a health condition.
Gone are the days of our forefathers, when the air was cleaner to breath, the food unadulterated with obnoxious amount of preservatives. We now live in an era where health insurance has become a necessity, without it you are at the mercy of nature and situations. Health insurance in India has caught up late, due to the fact that the Indian consumer landscape is not as evolved as their western counterpart. Moreover, Indian masses traditionally have not been packaged food enthusiasts-the source of modern day lifestyle disease.
Therefore the need for health insurance in India was not construed to be as important as life insurance. Since the turn of the century, the rising inflation index has not spared any sector of the economy. Consequently, the cost of medical has spiralled over the last decade. Increase in lifestyle disease has out-paced the graduation of physician required to treat them. The economic law of demand-supply is in full display.
Hence, when you contract any disease that needs prolong treatment, the cost can be burdensome that it may threaten your entire savings over a lifetime- obviously an unpleasant prospect. A sound health insurance policy aims to mitigate the risk of such eventualities. Health insurance pays for surgeries, emergency treatments, and regular medical check-ups in lieu of a premium.
A prudent approach would entail paying a small amount of money as health insurance premium and in return get near-comprehensive health coverage. Comprehensive health insurance is not provided by any of the health insurance companies in India. One may always find some exclusion in their insurance policy; say for instance, most of health insurance policies in India do not cover cataract. One may find it amusing due to the fact that it is a relatively inexpensive procedure, but the reality remains that it is generally not covered.
Therefore one needs to be utmost diligent while choosing from a range of health insurance products available to them. Ascertaining the need for health insurance for you and your family members is the first important step in the selection process. Once you have identified the need, it becomes a tad easier to choose from a plethora of insurance policies floating around. As getting a health insurance policy is not good enough, however what is required is a good health insurance policy.
Thus one can be rest assured that by choosing the correct policy from amongst the many health insurance companies in India is the key to good health and peace of mind.
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Article Source :
http://www.articleseen.com/Article_Why health insurance has become a necessity for everyone?_124541.aspx
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Author Resource :
Pranav Sharma is an insurance agent based in Mumbai; Pranav assists individuals and corporates in purchasing the right health insurance policy & often shares his insights about the general insurance industry on internet.
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Keywords :
Health insurance, general insurance, medical insurance, Mediclaim policy.,
Category :
Finance
:
Insurance
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