April 7th marks World Health Day, a time to bring attention to the vital role of healthcare and the need for accessible, affordable, and high-quality healthcare services for all. As healthcare costs continue to rise, one way to safeguard yourself and your loved ones against financial burden is by investing in a health insurance policy.
Health insurance is an essential tool for managing the financial burden of healthcare expenses, including medical treatments, hospitalization, and other healthcare services. It can also help to avoid delays in seeking medical attention due to financial constraints, providing peace of mind and timely medical care. Moreover, health insurance enables individuals to manage their health proactively by accessing preventative care services such as regular check-ups, vaccinations, and screenings, potentially preventing serious health problems. Therefore, it's crucial to consider purchasing health insurance for yourself and your family.
However, selecting the right health insurance policy requires careful research and comparison of different options to ensure it meets your healthcare needs and budget.
Health insurance is a policy that covers the medical expenses of the insured person and can be purchased individually or as part of a group plan through an employer. Due to the increasing costs of healthcare, health insurance has become a necessity for most individuals to avoid financial burden.
In this article, we will explore the importance of health insurance, its benefits, and how to choose the right plan that suits your needs.
WHY IS IT IMPORTANT TO BUY HEALTH INSURANCE?
This story is from the May 2023 edition of Beyond Market.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 2023 edition of Beyond Market.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
PRUDENT PRACTICES
Banks worldwide navigate a complex balancing act, steering economies toward growth while safeguarding financial stability through thoughtful management of interest rates and credit risks
RETAIN ROULETTE
Inexperienced investors spin the market wheel, chasing dizzying valuations and risking a bubble burst
UNRAVELED THREADS
Bangladesh's crisis disrupts global textiles, offering India a potential opportunity, but production constraints limit its gains
PASSING THE BATON
Succession planning helps ensure uninterrupted leadership
RISKY BUSINESS?
SEBI's efforts to protect retail investors from derivatives market risks could inadvertently dampen market volumes
INFLATION-PROOF YOUR CHILD'S FUTURE
Inflation might be stealing your child's future, but children's mutual funds can be their superhero
EMBRACE UNCERTAINTY, SAYS MARKS
Howard Marks urges investors to embrace uncertainty, long-term thinking, and focus on controllables, shunning in his memo “The Folly of Certainty”
IMPORTANT JARGON
70% OF INDIVIDUAL INTRADAY TRADERS IN THE EQUITY CASH SEGMENT MAKE LOSSES, FINDS SEBI STUDY
AN ASCENT T'O NEW HEIGHTS
The IMF predicts India's economy to reach 55 trillion by 2047, driven by various economic indicators showing positive growth and government initiatives
CARRY TRADE CRASH: GLOBAL MARKETS REEL
Japan’s Policy Shift Sends Shockwaves Through Global Markets, Including India, as Yen Carry Trade Disintegrates
