' what is the Importance of Health Insurance?

Importance of Health InsuranceWhy you need Health Insurance.

Ancient Japan used to be wrecked by tsunamis. So, the people began to use tsunami stones as level markers. These stones warned builders not to create homes below a certain level. Build below that level and you risked having a tsunami wash away your life. Build your house above that and you were likely to be safe.

Today, a medical emergency may come at you with the force of a tsunami. It may not happen every day, but when it does hit, the stress of getting to a hospital and arranging the funds can leave you reeling. Luckily, health insurance can be a safeguard in times of financial strain. Knowing that you have health coverage can bring you peace of mind. Like those tsunami stones, a good health plan can prevent you from drowning in the current of medical costs.

Importance of Health Insurance

Indeed, health insurance is far from a luxury these days. Here are some reasons why you need a good health insurance plan

Lifestyle-related illnesses have become common.

People today face several challenges. They have less time for leisure or physical activity. They also face high stress levels and adopt poor eating habits. All these factors have made lifestyle-related illnesses common in India. These include type II diabetes, obesity, heart disease, high blood pressure, and cancer.

Good medical care is available, but at exorbitant prices.

Only 2.5% of India’s Gross Domestic Product (GDP)—the size and measure of the economy—is allocated towards healthcare. As a result, the quality of public healthcare in India has been of low quality. Private hospitals may provide better care. But they often charge up to four times more than government hospitals.

You might have inadequate funds during emergencies.

It is possible that you do not have ready cash available in an emergency. Some hospitals charge up to ₹ 10,000 for mere admittance. A health plan could help you complete the admission procedures in a jiffy.

Health plans offer further assistance too.

If you need an assistant, some health insurance policies can help. From paying your medical bills to setting up doctor’s appointments, they can do it all.

The benefits of Health Insurance

  • Cashless hospitalisation: Hospitalisation brings a deluge of bills and expenses. With health insurance, you will be able to keep your head out of the water. Having the right plan in hand is important. It will minimise your out-of–pocket expenses.
  • Recuperation  benefit: Some health insurance policies pay a lump sum if you are hospitalised for more than a certain period.
  • Extra benefits: Enjoy preventive healthcare facilities with a good health plan. These include free preventive health checkups and consultations. The insurers also have tie-ups with big hospitals.
  • Coverage for life-threatening diseases: Life-threatening diseases can bring in tidal waves of medical expenses. Health insurance acts as a lifeboat in such situations. It protects your finances and gives you peace of mind.
  • Coverage of outpatient expenses: Outpatient expenses can also become a hefty amount. For example, some illnesses are not life-threatening but are persistent. The frequent doctor’s appointments and medicines can cause turbulence in your wallet.
  • Tax benefits: You can claim tax benefits under Section 80D on the premiums paid. Enjoy a deduction of up to ₹ 25,000 per year on your medical insurance premiums.
  • Lifetime renewal: With the advancement of medical technology, people are living a lot longer now. The lifetime renewal feature of health insurance is helpful. It ensures access to medical treatment throughout your life.
  • Convenient online purchase: The fast-talking insurance agent gets your head spinning. You don’t have to get caught up in a vortex of information. Research online on your own time. Buy a health insurance plan of your choice at your convenience.
  • Daily hospital cash allowance: When you are in hospital, non-medical expenses such as travel and food can be a financial drain. This can create an undercurrent of added tension. The daily hospital cash benefit gives you steady stream of cash to cover those expenses.
  • Maternity cover: The last two decades have seen an upsurge in maternity expenses. Luckily, many health insurance policies today offer maternity coverage too.
  • Dental treatment: The fear of the dentist’s drill is not the only thing that puts people off from seeking treatment. Current dental costs are another factor. Some health insurance policies offer coverage after a certain waiting period.
  • Alternative remedies: Thanks to the surging popularity of alternative remedies, health insurance may cover these too. Ayurveda, homoeopathy, and yoga are some of the medical systems covered.
  • Weight-loss surgeries: Also called bariatric surgeries, these are, unfortunately, becoming quite common. These are lifesaving surgeries for patients who have medical conditions caused by their obesity. A few medical insurance plans may cover such surgeries.


Medical expenses are growing in India by 15% every year. So, take charge of your finances now and mind those tsunami stones! Don’t allow the surging medical costs to destroy your finances. Protect yourself and your family by investing in a comprehensive health insurance policy.

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Importance of Health Insurance
Importance of Health Insurance
Article Name
Importance of Health Insurance
Know about the importance of health insurance and its benefits. Protect yourself and your family by investing in a comprehensive health insurance policy.
Publisher Name
Reliance Health Insurance
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