Uncovering The Need For Health Insurance

As you go through life, you’ll inevitably face unexpected health challenges. Medical care can be expensive and overwhelming, whether a sudden injury or a chronic illness. That’s where healthcare insurance comes in – it provides financial protection and access to the care you need to stay healthy.

Healthcare is an essential part of your life, and it is necessary to have an insurance plan to protect yourself from unforeseen medical expenses. Medical expenses can be very high, and it is important to have a healthcare insurance plan that provides adequate coverage. This article will discuss the reasons why one should consider buying medical insurance plans.

7 Reasons Why You Need HealthCare Insurance

Health insurance is a crucial part of modern life. It provides individuals and families with financial protection against unexpected medical expenses and can also help ensure that people receive timely and appropriate healthcare when needed.

Here are some reasons why you should get healthcare insurance:

1. Rising Medical Cost

The rising cost of medical treatment makes having healthcare insurance essential. Healthcare insurance provides protection against high medical costs, access to medical care, peace of mind, and legal compliance. With healthcare insurance, you can receive the medical care you need without worrying about the cost. Moreover, with the addition of a top up health insurance, you can increase your medical coverage.

2. Changing Lifestyle

As you lead a busy and stressful lifestyle, you must recognise that poor eating habits, lack of exercise, and unproductive activities can add to the stress. Without medical insurance, the financial burden of unexpected medical expenses can add to your stress and worries. Therefore, it’s essential to have healthcare insurance to protect yourself from the high cost of medical care and alleviate some of the stress associated with healthcare issues.

3. Future Planning

The typical Indian meticulously budgets for expenses and saves for future events, such as their daughter’s wedding. However, it’s interesting to note that this same level of foresight is often lacking when managing healthcare expenses. It’s important to internalise the idea that medical insurance serves as a shield against unforeseen medical costs, both in the present and future. It’s wise to be prepared for such eventualities.

4. Better Financial Planning

Buying healthcare insurance early on is a wise financial move, as it protects unforeseen medical expenses. Healthcare insurance is critical for various reasons, such as providing financial protection against high medical costs and covering pre-existing medical conditions. It also allows access to quality healthcare and reduces the burden of medical expenses on family finances. If you’re worried that your loved ones would handle the financial burden of a serious illness, it might be a good idea to think about purchasing critical illness insurance. Moreover, you can add a top up health insurance so that you do not have to worry about a health problem.

5. Life-Threatening Diseases

With the prevalence of life-threatening illnesses rising, having health insurance has become more critical than ever. Healthcare insurance is essential to secure oneself and one’s family’s financial stability. One option that you may want to consider is a disease-specific healthcare insurance plan. This plan is programmed to provide coverage for life-threatening diseases like cancer, diabetes and covid 19.

6. Avail of Income Tax Benefits

Medical insurance can serve as both an investment tool and a tax-saving option; per section 80D of the Income Tax Act, the premium amount paid towards healthcare insurance is eligible for tax deductions. It’s important to note that the insurer considers the individual’s current health status while purchasing healthcare insurance. Therefore, investing proactively in healthcare insurance is advisable, as illnesses can occur unexpectedly.

7. Covers More Than Just Hospitalisation

The latest health plans provide coverage for more than just serious hospitalisation. They cover daycare procedures, outpatient services, and even vector-borne diseases. Additionally, many plans include maternity benefits and automatically cover newborns from birth without extra cost. Healthcare insurance policies also pay for non-hospital related services like ambulance services and chiropractic treatment, depending on the level of coverage.


With rising medical costs and the prevalence of life-threatening diseases,healthcare insurance is more critical than ever. Investing in good health insurance early for better financial planning, availing tax benefits, and accessing quality healthcare is essential.  There are several types of health insurance plans that are available in the market, such as accidental healthcare insurance, top up health insurance, and critical illness insurance. You must choose the one that meets your needs and requirements.

Moreover, if you are looking for a reliable, good health insurance provider, Niva Bupa Insurance Company can help you find the right plan. With their range of policies, you can choose a plan that meets your requirements and budget.

Suggested Title : Uncovering The Need For Health Insurance

Suggested Description : Know the 7 major reasons why you need health insurance and the basic offering provided by a health insurance plan.

Suggested URL : /uncovering-the-need-for-health-insurance

Suggested Image Alt tag : Need For Health Insurance

Suggested H2 : All suggested H2 are mentioned in the content

Leave a Reply

Back to top button