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Before zeroing down on the right health insurance plan, remember to buy a plan that suits your requirements and fits within your budget too. Once, you are clear of your requirements, the policies can be sorted and bought easily.
The pandemic has made people more conscious of their health, and it has given us a big insight into why health insurance is a must-have product. Covid has also encapsulated that medical emergencies can arise anytime, anywhere to anyone and create a huge financial strain for individuals and families. However, in India, the number of the population who has health insurance coverage vs the ones who do not are still very off-balance, only a minuscule percentage has some kind of health coverage.
Though due to Covid we have seen an increase in awareness among consumers, especially young adults about buying health insurance policies. This increased awareness of insurance among millennials is a good sign because it is no secret that the level of education and the health of the people play an important role in shaping the future of our country and fuel economic growth.
Also, it is significant to understand that the pace of modern lifestyle is changing rapidly, bringing its own set of stresses and unforeseen health challenges, which are hard to predict. Thus health insurance is no longer an option but a necessity in the current times for two main reasons
1. Soaring healthcare costs and,
2. The increasing rate of lifestyle diseases.
Many people have experienced this during the ongoing pandemic, where we have seen families getting affected due to this infectious disease, costing them the entire savings of their life which were saved to address the other goals in life such as higher studies of their children or marriage of their children or even to manage post-retirement expenses and aspirational goals. Therefore, to avoid depletion of savings due to any such situation or health condition, it is necessary to have your best defence and be prepared with enough health insurance coverage.
So, if you’re a millennial shopping for health insurance for the first time, and wondering where to start?
Here are some pointers that will help you choose the right health insurance plan?
Before zeroing down on the right health insurance plan, remember to buy a plan that suits your requirements and fits within your budget too. Once, you are clear of your requirements, the policies can be sorted and bought easily. This National Youth Day, remember Health Ke Saath, Health Insurance Zaroori Hai to safeguard long-term financial goals, enjoy lifetime access to quality health care, and live a healthier life
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