After the outbreak of Covid-19 pandemic, there were three major trends that have been witnessed. One, there were individuals without any coverage who scrambled to buy new health insurance policies, secondly, there were individuals having health plans, but had inadequate coverage and thirdly, individuals having health insurance policies only in their own name and not for family members.
Buying health insurance has always been looked upon as a risk mitigating tool to tackle increasing medical costs. By paying a small premium, you can buy health coverage, or the sum insured, an amount up to which your insurer will reimburse the hospital. This ensures you do not have to dip into your savings to meet medical bills.
The Covid -19 pandemic has worked as a wake-up call for many individuals after seeing people spend lakhs of rupees on Covid treatment. Many families after getting infected have ended-up spending Rs 15-30 lakh on the hospital expenses owing to coronavirus. People have slowly realized the importance of adequate health insurance. Infections like Coronavirus or any pandemic can be contracted by any person at any age. So, it is better to buy a personal health insurance policy even though you have been covered through the office as you never know how soon you will change your job.
If you are young and healthy, do not procrastinate about buying a health insurance policy. A youngster should not wait to get older or get any chronic illness as it makes sense to buy health insurance when you are young. Many youngsters contemplate buying health cover when they get old. By the time one is a middle-aged person, there could be medical conditions such as high blood pressure, diabetes, etc. and may get a limited cover. The younger you are, lower is the premium and you can buy high cover too.
Bu hikaye Investors India dergisinin October 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Investors India dergisinin October 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Indians are Developing Weak Bones
In India, 1 out of 8 males and 1 out of 3 females suffer from osteoporosis, making India one of the largest affected countries in the world.
"The strategy behind the Tata India Innovation Fund centers on identifying companies that are driving transformative or incremental changes through innovation"
Yes, we certainly believe innovation is a powerful theme with immense potential for the coming years, and we are excited to bring it to our investors.
What is Hybrid Mutual Fund?
Hybrid Mutual Fund is a combination of more than one type of fund. While they invest in shares of companies listed on the exchange, like equity funds.
Should you invest in dynamic bond funds?
Dynamic bond funds have delivered a category average return of 8.68 per cent over the past year, making them the fourth best-performing category, following long-duration funds, constant maturity gilt funds, and gilt funds. With interest rate cuts yet to begin, these funds remain a viable option for investors seeking to benefit from possible rate reductions.
The Multicap Solution to India's MultiDimensional Growth
India is entering a transformative era of economic growth, backed by a unique combination of demographic strength, infrastructure development, and rising global prominence.
The Long-Term Benefit of Investing in Children's Future
A child is the most treasured part of any parent's life, and naturally, we want to give them the best of what the world has to offer. This often means not only ensuring we can meet their needs but also nurturing them to pursue their unique aspirations. Each child has their own dreams and challenges, making the early years critical as they lay the foundation for a healthy and fulfilling future.
ASK THE EXPERT
Ques. One of my friends told me that your company provides detailed Retirement plans. I want to know what is the procedure to get my Retirement plan. I will be retiring in March 2025. R.P Gupta, Noida
How to Naturally Reverse Fatty Liver Disease
The liver, located on the upper-right side of the abdomen, is the body’s largest internal organ and plays a critical role in detoxifying the blood and processing nutrients.
Banking sector which has underperformed in the last two years, now offers a favorable risk-reward profile
Do you think the market is overpriced? Is yes, should investors refrain from investing in index schemes at the current valuation?
India will continue to enjoy benefits of a close US relationship and trade will continue to grow
Q1. The US elections are said to be one of the closest till date, what impact will the election of a Republican / Democratic party have on the US economy and how is that going to affect India in the short as well as the long term?
