Pitfalls of Not Buying Health Insurance

The benefits of health insurance are not hidden from anyone. They offer adequate coverage for medical expenses, offer tax benefits on the premium paid for them, cashless treatments, wellness benefits, and so on to the insured. But despite being a lifesaver, there are a lot of people in India who still do not have adequate health insurance coverage. There are several reasons why health insurance does not have deep penetration in the country, some of which are explained below:

1. Lack of Awareness

One of the major reasons why people are not keen on buying health insurance plans online is that the benefits of these plans are invisible. It is true that these plans might not give immediate returns but it is also true that they can be most useful in case of an emergency. They can save you from draining your life’s savings in paying for the hospital bills. Another reason for not many people being covered with health insurance is that it is not mandatory to own health insurance in India, which is why one usually consider it futile to invest in it. But with the ongoing pandemic situation, more and more people have realised the importance of having a health insurance policy.

2. Taking Their Health For Granted

Many people, especially youngsters and salaries employees do not pay attention to buying adequate health insurance cover. Youngsters delay it thinking that they are healthy today and may not require health insurance plans in the near future. Whereas salaried employees often get health insurance cover from their employers and hence they do not want to invest any further in health insurance. But group health insurance plans are not customisable and may or may not offer sufficient coverage at all times. Hence, it is recommended to go for a health insurance policy that keeps you protected in difficult times so that you can avail yourself of unplanned hospitalisation at any time.

Also Read Here: Insurance Companies Offering Cover For COVID-19 Treatments

3. Myths Regarding Affordability

It is a common myth that health insurance plans are expensive. But the truth is that there are different types of health insurance plans with low as well as high premiums that you can choose as per your requirement. There are a lot of affordable health insurance plans in the market that you can buy online and pay the premium via a secured payment gateway. These plans offer you the required coverage in case of major or minor hospitalisation. So, instead of buying health insurance in the traditional way via agents, it is recommended to buy them online as it is much faster, easier, and more economic.

Bottom Line

Healthcare is expensive even with a health insurance policy. But those who do not have it may lose a lot in case a health emergency arises in the future. The inability to avail treatment for health conditions and huge costs in difficult times may add up to their misery. So, having a health insurance policy is highly recommended if you want to secure yourself and your family at all times. You can choose the most suitable health insurance policy as per your requirements online at InsuranceDekho either by sharing your requirements with the customer care executives or filling in quotes online. Either way, it is important to stay insured.

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.