One of the rare positive outcomes of the ongoing pandemic has been the rising awareness about health and how to stay safe. The galloping infection rate has led to worries about treatment costs, in addition to the escalating medical costs in general. The importance of keeping yourself safe with an insurance cover at the earliest cannot be overstated. Also, that health insurance can be the best possible means for financing any future health-care expenses is the writing on the wall.
Besides the rise in demand for health insurance plans, the COVID-19 outbreak has boosted a demand for such plans with higher sums insured. However, for salaried individuals who have experienced lay-offs or salary cuts, it is best is to buy a basic health-insurance cover, with sufficient sum insured to stay protected against COVID-19, with a plan to upgrade the policy later, when financial situations improve.
New IRDAI Regulations
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