In modern times, health insurance is an absolute necessity. It covers the cost of medical care as well as other related expenses. Understanding how health insurance works is crucial before purchasing this policy. We lay it out in detail for you.
Insurance is not taken seriously in India as is shown by low penetration figures of the sector. Here are a few reasons why it is important to get insured at the earliest.
Build an insurance portfolio in such a way, that it supports the individual’s investment plans, and ensures that the financial goals are intact, in case of any unforeseen situation.
COVID claims saw a steep rise and it was noticed that claims got rejected because people opted for hospitalization instead of opting for treatment under home care.
The insurance amount should be sufficient enough to cover expenses for all complications arising out of the pregnancy and also postpartum delivery complications.
Diagnosis and treatment of critical illnesses like cancer can lead to huge medical bills, substantial hospitalization costs and ongoing rehabilitation expenses for a considerably longer duration.
Although par plans are costlier, if one takes a whole life par policy, the element of uncertainty diminishes steadily over the years The par policies are costlier as there is bonus loading on premiums.
The Federal Reserve announced the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points on Wednesday as it battles against surging inflation.