The Significance of Health Insurance and Why would you Need?

In recent times, people have become more prone to certain life-threatening diseases. The reasons behind this are unhealthy lifestyle, junk food, fluctuating climate, and pollution as well. Though medical science has progressed so far, the remedial treatments have become relatively costlier.

Thus, it has become difficult for people to seek medication, especially those who cannot afford the same. To prevent such an issue, the best feasible solution is to opt for health insurance.

Instant and Optimal Medical Coverage

One of the most beneficial aspects of health-driven insurance is that it offers comprehensive coverage for medical expenditures. However, some insurance policies only provide partial reimbursement, whereas some cover the medical treatment’s total cost. Further, it is always recommendable to go for individual health insurance policy at the earliest.

Most health policies cover medical treatment costs in case of an accident, deadly viruses, and several other illnesses. Eventually, it would facilitate all the inevitable medical requirements of every individual family member.

Read more Do’s and Don’ts of buying Health Insurance Cover for Family

Importance of Health Insurance Policy

There is a misconception amongst people that insurance taken up for health is not a worthy investment. When a medical emergency strikes, most patients are deprived of the much-needed intervention due to unaffordability. If you do not want to face a situation like this, then get yourself medically insured. One can get a medical policy for family members of all age groups. Besides, the following is the importance of having a health insurance policy in hand.

1. Secures your Savings

An unexpected illness can bring a lot of mental stress as well as anguish. Apart from this, it can also drain you financially. As a result of this, one has to spend their hard-earned savings to combat a severe disease. In such scenarios, a health policy would do the needful for you.

Ultimately, it will assist you in seeking a suitable medication without investing your savings. In addition to this, a health policy also allows the insured to avail of tax benefits too. Most importantly, one must opt for individual health insurance to get maximum benefits out of it at an early age.

2. Resolves the Medical Inflation

Due to the dynamic advancements in medical technology, treatment expenses have also witnessed a noticeable hike. Nowadays, medication is not only limited to doctor’s consultation fees. Expenditures such as hospital’s medication, ambulance facility, comprehensive tests, and room and operation theatre charges are also rising.

If you are not financially prepared, then all of these expenses can create obstacles for you. By investing in medical insurance annually, one reduces medical inflation liability to a greater extent. On top of that, you can get the best quality treatment without worrying about its cost.

3. Protects your Loved Ones

From senior citizens to the adults or the kids in your family, all of them are equally vulnerable to severe illnesses. Besides, no one wants to see their loved ones suffering from a disease. That is why; you must ensure that your family gets first-class medical treatment when needed.

For this, you can either purchase individual health insurance or a combined one. Thus, it will take the load off your shoulders, and you do not have to stress about your family’s well-being.

4. Cashless Treatment at Leading Hospitals

Many health policies offer cashless treatments at top-notch hospitals. So, you do not have to incur the expenses and wait for the reimbursement. This facility has made it easier for people to seek medical care and treatment for those who are not financially sound.

5. Coverage for Pre and Post-Hospitalization Charges

Health insurance covers all the expenses that are incurred right from the beginning of the treatment. It includes all the pre and post-hospitalization costs. Therefore, the insured will get all-inclusive coverage to ward off financial liability.


A good thing to consider about medical policies is that some even offer a no-claim bonus or NCB. It implies that a bonus will be credited to the insured if he/she does not claim any amount for the treatment. Above all, it is better to stay prepared for any medical emergency rather than regretting it later. Investing in a health policy is an investment that would reap profitable returns to you in times of need.