Is Health Insurance Worth It in India?

o cut the long answer cut in short, yes buying a health insurance policy is absolutely worth it in India. The reasons behind this are many. India is undoubtedly a populous country on the surface of earth. And when it comes to quality health care, we do not come within the top 100 countries. So it's quite understandable that how lagged behind we are.

Now coming back to the health care cost and hospitalization costs and all that. The cost of quality health care in our country is skyrocketing. A small hospital stay in private health institution is enough to give a big blow over your finances. An unforeseen health condition of you or your loves one or family members can have you say goodbye to all your life-long savings. Even worse, you may get into the quick sand of debt while trying to give pay for the cost of hospitalization.

Health conditions do not come with a proper notice. With that being said, you can never predict what your future medical or hospitalization bill will look like. It's quote hard to make any assumption from that point of view.

This is exactly where the significance of a good health insurance policy comes into the picture. If you don't already know, let me tell you, health insurance policy or a mediclaim plan is basically a specific type of insurance plan that has been designed to pay for the hospitalization costs and other various similar costs in the event of your or your family member's sudden hospitalization. The compensation that you will be receiving from the side of the health insurance company will be on the basis of the Sum Insured of the policy.

For instance, suppose you have opted for a health insurance policy with a Sum Insured of Rs. 5 Lakhs and hospitalization bill turns out to be 4 Lakhs, your insurer will pay the amount directly to your hospital. The payment that is done is generally cashless.

There are so many other parameters of a mediclaim policy and there are a bunch of health insurance plans that you can choose to buy for you or your family.  Having a health insurance policy liberates you from the thoughts of unforeseen medical expenses that could come out of the blue. To have a health insurance plan you will have to pay a specific amount as premium to the insurer.

So by now, it's quite clear as a day that health insurance really does a cluster of importance that one can ever imagine. It's the best way you can protect the health of your family.

Meanwhile, if you are looking for a good health insurance plan for the best price that suits your pocket and requirements, you can click here and have a look.