Aditya returned home late that evening from work, face hung in despair. His answers to his worried mother sounded unconvincing, as he headed straight into his room. When his father returned from his walk and enquired, a conversation ensued between father and son that dwelled on how critical it is to avail of health insurance at the right time.
Father: “How was your day, son? Your mother said you appeared worried. Is everything alright?”
Aditya: “Yes, dad, I mean, no. My colleague Sneha’s father had a heart attack this afternoon and has been hospitalised. Sneha and her family are worried.”
Father: “I am sorry to hear this. How old is he?
Aditya: “He is 55 years old, dad. But I was told that he suddenly complained of chest pain this afternoon and, which was confirmed as a heart attack by the doctors upon admission.”
Father: “I do not believe there is anything to worry. Advances in the field of medicine should help doctors cure him easily.”
Aditya: “The problem may not be only that, dad. I think they are worried about the expenses.”
Father: “Why, don’t they have health insurance?”
Aditya: “Unfortunately, it seems nobody in their family has availed of medical insurance as yet.”
Father: “In this age and era, not having health insurance is not only unfortunate, it is utter foolishness.
What prevented them?”
Aditya: “Her father, who was employed with a private company until recently, took voluntary retirement to pursue a business venture. I believe he had a family group health cover when he was employed, but once he quit that benefit ceased to be. In the last couple of years, they failed to purchase additional health insurance, although they had planned to.”
Father: “People think they are invincible when young and aren’t prudent about future contingencies. It is imperative that every individual should have adequate health insurance. Statistics released by the health ministry show that a total of 63 million Indians were faced with poverty due to soaring healthcare expenses.”
Denne historien er fra January 2017-utgaven av The Finapolis.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 2017-utgaven av The Finapolis.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
7 Ways to Prevent Text Neck
Our head is heavier at an angle than it is at a neutral position. That means our increasing usage of smartphones for reading, texting, etc is putting undue pressure on our spine
How To Take Your Networking To Next Level
Networking is one of the best ways to use your time
5 Fun Ways To Save Money
There are several simple ways to reduce spending and rack up more cash. Sukanta Kundu lists some interesting ones.
In Search of Higher Returns Amid Falling Rates
As Bank Deposit Rates Fall, Even Conservative Investors Are Switching Assets. Where Can They Go?
National Savings Certificates Help as Interest Rates Fall
National Savings Certificates (NSCs) have been among the most popular tax-saving options for ages. In spite of the advent of market-linked investment products such as equity-linked savings schemes (ELSS), the certificates have retained their charm for certain sections of society. In this column, let us discuss the various facets of this special instrument of investment.
What Drives Us to Invest?
I had made the journey from economics to finance. As part of Keynesian economics, we were taught about the three motives to hold money: the transactions motive, the precautionary motive and the speculative motive; all through my teaching career that remained part of my Keynesian economics. But two decades, later when I immersed myself into the world of investment, I had to develop my own tools to understand the new discipline and make my investors understand the working of their own minds. One night as lay turning on my back, poring over the day’s happenings, suddenly I made a strong connection between what I had studied years back and the problem I was grappling with now: the motives.
Ask The Finapolis
Col. Sanjeev Govila (retd) of Hum Fauji Investments answers readers’ queries on investments, taxation and personal finance. Do you have a question you want answered? Email your question to feedback@thefinapolis.com
Input Tax Credit To Benefit End-customer
Looking at the scale of India, it is reasonable to expect 3-5 years for the system to stabilize
Will GST Really Spike Up Your Bills?
As goods and service providers can claim input tax credit, your net tax bill will reduce say experts
The Bull Run Is Here To Stay
Karvy Finapolis’ event —“Is this the mother of all bull runs?” — evoked a thunderous response from investing public recently in Hyderabad.
