Hey guys!
Everyone talks about the importance of having health insurance, but I’d like to understand the real reasons behind it. Why is it considered essential to have a health insurance policy, especially when many people feel healthy or already have some savings?
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Following are the reasons why you should opt for health insurance-
- Health insurance offers financial protection against various medical expenses, including surgeries, doctor consultations, hospitalisation, and the cost of medicines.
- With medical inflation rising at 12–14% annually, health insurance acts as a safeguard against increasing healthcare costs.
- Medical emergencies such as accidents or sudden illnesses can occur unexpectedly and lead to significant out-of-pocket expenses—making health insurance essential for financial security.
- Buying health insurance at a younger age comes with multiple advantages. Since younger individuals are typically healthier, they can access lower premium rates and continue to enjoy these benefits as they age.