For what reason is Health Insurance Important in India ?

  ndia is undoubtedly one of the fastest growing economy in the world, but on the other side it is also a home to many diseases. Thanks to development in medical science, in India many ailments are treatable but what pinches your pocket is the cost to treat those diseases. Many get this need catered by their employer’s health cover; however that isn’t the permanent solution. The employer’s health benefits or insurance cover lasts only till the time you are working in the company once you quit you lose all the accumulated benefits and coverage too. 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. Hence, it’s important in India that people buy a health insurance plan to secure their medical needs. Reasons why health insurance holds a prominent space in a country like India? Living in this fast paced world is becoming increasingly stressful and resulti...