Freelancer? Here’s how you can secure your healthcare and hospitalisation needs
In the bustling streets of Mumbai, Ravi, a talented graphic designer, wakes up every day with a sense of purpose. He’s a freelancer, not tied to any corporate office but the master of his own destiny. As he juggles multiple projects and clients, Ravi cherishes the freedom and flexibility that comes with his freelance career. However, he also realises that this newfound independence brings its own set of responsibilities and potential risks, especially when it comes to healthcare and financial stability.
Ravi’s story is not unique. The gig economy in India is on the rise, with more individuals like Ravi choosing self-employment. According to a Niti Aayog report titled “India’s Growing Gig and Platform Economy,” the proportion of freelancers in India’s workforce is projected to rise to 4.1% by FY2030, a significant increase from the 1.5% recorded in FY2018. This surge highlights the growing appeal of freelance work, not only for individuals seeking flexible careers but also for businesses in need of specialised freelancers.
While freelancing offers autonomy and a sense of purpose, it also comes with financial responsibilities and potential uncertainties. Without the safety net of a full-time job, self-employed individuals must prepare for the possibility of unexpected expenses. This is where having a comprehensive health insurance plan becomes essential.
If you’re wondering why self-employed individuals like Ravi must buy a health insurance cover, here are some of the key reasons:
Protection against healthcare costs: Without health insurance, freelancers may find themselves paying significant healthcare expenses out-of-pocket. Health insurance provides access to essential healthcare services, promoting overall well-being
Read more on financialexpress.com
