Greeting To Our Readers!
An Ideal Financial Plan includes a well-built emergency fund, a good investment structure for all big and small future goals, a well-planned retirement, and a health insurance plan.
Today, people’s lifestyles and habits are changing. With each passing day, they are getting to terms with the fact that the world may never function the way it did during the pre-Covid-19 era. We all have to evolve and learn to live this ‘new-normal.’
Similarly, people also need to understand some changes that are necessary to be brought in their financial planning. Simply their ideal financial planning now calls for a solid and comprehensive health insurance plan.
The point to discuss is, why people need a solid and comprehensive health insurance plan! The below highlights will make you understand why you should opt for a higher health insurance plan!
Let us see………..
The Financial Reasons…………
Medical science is the one field of science that has evolved leaps and bounds. With the advent of medical technology, multiple diseases that could not be cured previously can now be taken care of. However, the downside is that these treatments might be expensive.
With each passing year, inflation is something that we can’t hide from. Given that prices keep rising, it has a knock-on effect on health and medical costs. Hence, a health insurance plan will ensure you do not have to dip into your savings. Money should NEVER come in the way of the health and safety of either yourself or your loved ones.
Some hard truths which make having a ₹1 crore health plan important
The Medical Reasons…………
Our lifestyle is something that has become an enemy to us. Hence, given the numerous lifestyle diseases that are taking humanity by storm, a health plan is imperative.
The number of people fighting cancer, hypertension, mental health disorders, diabetes, etc., is on the rise. They need continual medical support. Hence a health insurance policy is the need of the hour.
COVID-19 is still prevalent and still a medical threat.
To Conclude, Should You Purchase A Health Plan For ₹1 Crore?
Many believe that the short answer is no because many people think that these policies are expensive. But then, it’s up to the individual to decide what is costly and what is not.
The truth is that the difference in premium is not very high between policies that are for ₹1 crore and those that are not. However, the mental satisfaction of being financially safeguarded is something that is of primary importance.
In addition to that, the dark clouds of Covid-19 are still looming over us. The threat is the same, but it’s just that we’ve learned to deal with it better, and we’ve decided to move on with our lives. You must make sure that your existing health insurance plan should cover you and your family for Covid-19 related medical emergencies.
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For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.
Happy Investing!
(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).