Why Health Insurance Is Important For You?
Good health is the best gift that you can give to yourself. While you may take every possible step to ensure that you are healthy, there are many factors that may not be under your control, such as the pollution around you, and these factors can take a toll on your health. In addition to this, there has been a great shift in the way we lead our lives - from a change in eating and sleeping habits to lack of exercise, these sedentary habits have made us prone to numerous health disorders.
To add to it, the healthcare costs have been increasing at the rate of 15% every year. And, this price hike has been the main contributor to inflation in medical costs. As Indians mostly rely on savings to meet any medical cost, sudden or planned, they end up wiping off their savings or some cannot even access healthcare. Hence, having health insurance is very important as it secures you against a range of health problems and also gives you financial stability and peace of mind.
Health Insurance in India
Most people in India depend upon household income or savings to meet their healthcare requirements. According to a report, only 27 per cent Indians have health insurance. And the main reason behind this lag is the lack of awareness about health insurance among the general population in India.
Why is Health Insurance Necessary?
A health insurance policy is still looked upon as unnecessary in India owing to the reason that it doesn’t yield any benefits unless you fall ill. People like to invest in insurance products that offer maturity benefit like endowment life insurance plans. However, what we often forget is that it doesn’t matter how much you save, a single health issue can wipe off your savings in an instant.
Many people are not able to access healthcare, let alone quality healthcare, due to monetary problems. If such people have health insurance, they will be able to access quality healthcare whenever they require, at payment of nominal premiums. Hence, awareness about health insurance plans and about their benefits is very important to ensure that healthcare is accessible to the urban as well as the rural population of India.
How to Spread Awareness about Health Insurance?
If people were to be educated and provided information about health insurance policies such as individual and family health insurance, they will be able to secure their health in a proper way and also utilize their savings in a better manner.
While we are well-aware of the rising health problems and the healthcare costs, we still dismiss the need for insurance with the thought that it is unnecessary. So, the need of the hour is to give proper guidance to the people; this would entail sharing effective steps that need to be taken to prepare for uncertain illnesses in the future.
Although the government has undertaken a good few initiatives, it is necessary for everyone on an individual level to educate his peers and his network about the importance of health insurance, and to help people understand the need and the benefits of having a health insurance plan.
Steps that can be followed to spread awareness about health insurance are as follows-
1. Steps should be taken to make people understand about the benefits of buying a health insurance policy in monetary terms. Understanding the long terms financial benefits of a health plan will help people understand that buying insurance will save their hard-earned savings.
2. Further, it is also important to make people understand the medical inflation which is rising year on year.
3. Also, educating people about the coverage they will be offered through different health insurance schemes is also a good way to spread awareness.
Health insurance plans secure you against a range of health disorders and also provide prompt access to medical treatment. Plus, you have the flexibility to customize your health insurance plan as per your healthcare needs. Further, there are individual and family health insurance plans, so, depending upon your requirement, you can buy one. So, don’t wait, and get a health insurance policy to protect your health.
**To understand exactly about the policy coverage, exclusions etc read the Policy Wordings carefully.**