Importance Of Health Insurance In India

However the awareness about health insurance is on the rise in urban india. The health insurance sector hovers around 10 in density calculations. Hence it s important in india that people buy a health insurance plan to secure their medical needs.

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Irda which is responsible for insurance policies in india can create health circles similar to telecom circles to promote competition.

Importance of health insurance in india - Health insurance is becoming the much needed insurance for every individual in india and today i am going to talk about what is the importance of health insurance in india and why you must opt for health insurance today itself if you haven t yet. Following are the top reasons that emphasizes on the need of health insurance policy. Buy a health insurance today health insurance is a necessity and not a luxury.

A study jointly conducted by max bupa and nielsen in 2014 15 which covered 1500 consumers revealed that 70 of the respondents felt that health insurance was more important than life insurance. Importance and benefits of health insurance plan in india it is said health is wealth and rightly so maintaining a healthy lifestyle is vital for a happy living. 60 of the consumers were aware that health cover provided by the employer.

Over the years in the purview of the sedentary lifestyle that people are living the number of people suffering from lifestyle related diseases are on the rise. Probably by that time your age could be above 30 years so chances of premium hike prevails plus your pre existing illnesses remain uncovered at the time of buying the insurance. Need of health insurance.

Importance of health insurance in india. Today health insurance expert mahavir chopra takes us through the a z of health insurance. One of the main reasons for the low penetration and coverage of health insurance is the lack of competition in the sector.

Understand these benefits that show the health insurance importance in india in detail and it shouldn t be difficult for you to understand why everyone should invest in a feature packed health insurance policy. Medical cost in india is rising at a rate of over 10 and the burden of health care is getting heavier. Understanding the concept of health insurance health insurance in india popularly known as mediclaim is nothing but an insurance which covers expenses related to necessary hospitalization due to a sickness or an accidental injury.

With day to day medical advancements medical treatment cost is also escalating at a huge pace.