In countries like India, many individuals of aged ranged from 22-35 seems to be concerned about health insurance. But ever wondered what might be the actual reason behind taking up an health insurance policy and what are the myths around our society, than you are in the right place. Today, we will reveal some of those.
Health Insurance : The Myth
By a recent survey taken by ICICI Lombard with around 1600 individuals of aged group 25-34. Among them 47% of the individuals said they just keep health insurance just as a tax deduction tool. Most of the individuals doesn’t even have the idea that insurance can really act as a good life savior tool in future.
Health Insurance : The Statistics
Among the people surveyed on an overall basis 64% females said that they just buy the medical insurance cover to eliminate the taxes. Most of the individuals doesn’t even have an idea that what health insurances are up for. Only 0.16% of the total population are insured for the health as per irda.
Health Insurance : What You Don’t Know
Do you actually know that over 70% of one’s health issues are covered by a single pocket alone. And incidents of illness in this era has hiked to a lot extent. So insurance is a must in everybody’s life these days. At least in case of emergency, one can be financially covered up to cure the illness. [ ALSO READ : Three Common Insurance Mistakes To Avoid ]
Health Insurance : Advantages
One of the biggest advantage is that your employee cover is not just enough to meet you medical need’s financially. It covers more than just hospitalization than you can imagine.
And if you buy early than you will enjoy full benefits in your old age life. And also if you buy at young age than you can also enjoy low premium cost’s.