Do not ignore this important task in this day and age

Taking mediclaim plans to cover the entire family is an important task that cannot be overlooked for any reason.

Your family’s wellbeing is of paramount importance to you. Their safety and security is your biggest concern. To this end, you secure your house with the latest alarms and gadgets, get the best security systems for your car and also keep in constant touch with each family member during the day. But have you put the most important safeguard in place? Have you invested in medical health insurance?

Mounting stress at the workplace, financial worries, looming deadlines and many other daily phenomena make us anxious and prone to illness. Even young people experience fatigue, stress, depression and other disorders while dealing with the pressures of life. Work and personal stress can cause a variety of illnesses, some of which might progress into serious disorders. Soon, it is time to undergo medical treatment and hospitalisation.

Then there is the possibility that you or a family member might be injured in a road accident and need to go to the hospital for extensive treatment. Or you might even develop a critical illness that needs prolonged treatment, surgeries and rehabilitative therapy. All of these can cause a drain on your resources. Medical treatment is very expensive in India, and the costs are increased exponentially if you or a family member require hospitalisation.

During such times, you have just two options at hand: Pump in your savings to fund the treatment, or use your medical health insurance to tide over the expenses. We recommend Option #2 because it helps you hold on to your precious savings and pays for your treatment and hospitalisation.

Having a medical health insurance plan that covers the entire family gives you the confidence to take timely, sometimes expensive, treatment – you would normally put this off if the costs were too high to be borne from your own pocket. Also, you can plan any prolonged treatments or surgeries if you have a medical health insurance policy to back you up. It can be used for both emergent and non-emergent treatments and hospitalisation.

You might be tempted to rely solely on your company-sponsored medical insurance plan, but it might be a very basic one with insufficient coverage. If you or a family member require hospitalisation, it might cover only a fraction of the overall costs. The remainder will need to come from your own resources.