Most young and healthy people think that since they exercise regularly and have no serious medical ailment, health insurance is not for them. Then there are those who earn enough to make ends meet who do not consider it as a priority. Irrespective of the physical, financial or mental situation, health insurance is crucial for everyone.
What Do Statistics Tell Us About Health Insurance Adoption?
According to the National Health Profile 2015, compiled by the Central Bureau of Health Intelligence, only around 21.6 crore people (less than 1/5th of the Indian population) are covered under health insurance in India. Even though a health insurance company claims to provide the best benefits under its schemes, the tactics fall short when it comes to meeting the relevant criteria.
Reasons People Don’t Take Up a Health Insurance Policy
Health Insurance in India is still a developing industry which can prove to be very beneficial if implemented effectively. Many people resist taking up a policy because they think it is useless for them. They fail to understand that it is for those unpredictable and unavoidable circumstances and it is contributing towards a better future.
Benefits of Getting Health Insurance
- Golden Days Do Not Last Long: Exercising and maintaining good health is necessary, but there are certain accidents for which one can never be prepared. These incidents bring along hefty medical bills which become difficult to pay off with no insurance.
- Ease of Paying Little Than Paying at Once: Paying huge amounts for medical bills is always heavy on the pocket. It is better to take a health insurance and save money for unforeseen situations that might result in large bills rather than paying all at once and going bankrupt.
- Offset Coverage Cost with Tax Credits: Irrespective of the political party in power, premiums for health insurance are liable for tax exemption. Thus, the cost of paying monthly installments can be offset with tax credits.
- Benefits Like Routine and Preventive Care: Many health insurance companies take the health of their customers seriously by including routine and preventive care facilities in the policy coverage.
Rather than looking at the present, consider your future, both near and far, and prepare yourself against any unpleasantness that life may throw at you with a health insurance policy.