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Why Medical Insurance Is Important?

It’s not possible that the people is not aware about the benefits of the medical insurance. It works like financial cover to the insured person in the event of his/her hospitalization due to sickness or injury. But, is that necessary for you?  I will through the light on this…….Life is always unpredictable. There are people around you who are very healthy, fall sick immediately. Also, accident can happens at any time, it is not only possible on road but also can happens at home while doing daily chores. This is why the medical insurance is very important.

The rise in medical cost should be the key reason for you to get medical insurance. Just imagine without medical cover, even for the small treatment or surgery can cost you thousands of rupees. It’s really enough to consider the  medical insurance is important.

Generally, medical insurance covers the hospitalization expenses, if the insured person is admitted in hospital for more than 24 hours. It includes room rent, boarding expenses, operation theatre charges, intensive care unit charges, doctors fees, surgeon fees, specialist fees, medical practitioner, anesthetists, etc. It also covers the cost of medicines and drugs, blood, oxygen, surgical appliances, pacemaker, artificial limbs, cost of organs, dialysis, chemotherapy, radiotherapy, etc. are also covers the under medical insurance policies.

These policies also covers the pre and post hospitalization, pre-existing diseases, day care treatment, ayurvedic treatment,  cost of health check-up, ambulance charges, etc. Medical insurance is the only way to avoid such a expenses and maintain your mind peace during the medical emergencies.

Medical insurance is a little expensive, but it is very essential. Shop around in the market for better rates. Today, you have many options available in the market. Some of the major players are National Insurance Company, New India Assurance, Apollo DKV Insurance Company, ICICI Lombard General Insurance Company, HDFC General Insurance Company, Bharti AXA General Insurance Company and many more. Choose comprehensive medical insurance policy which covers almost all scenarios.

 

About the Author

Habibulla Antule is a financial advisor and consultant and have provided his expertise to many financial institutions for loans and insurance

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