Money vs health: What would you choose in Samvat 2080?
The other question that naturally emerges after this is, what does it takes to remain healthy? The answer is that all it requires is good exercise, a healthy diet and keeping mentally fit. But is it really that simple? Probably not.
That is because we may need more discipline to work out daily or have the healthiest food; we often work in stressful environments with the pressures of deadlines.
These lifestyle choices make us susceptible to many health issues, while some illnesses are beyond our understanding.
Even if we follow a healthy regime and care for ourselves, medical exigencies can surface at any time; we require access to quality healthcare to tackle them. Unfortunately, quality medical care is not accessible to all.
Those with sufficient funds to manage a medical emergency or who are insured can access good medical care, while others struggle during such difficulties.
Given the rising medical inflation and the alarming rise of ailments, health insurance has become a basic necessity like food, clothing and shelter.
Now, how do you go about it? To begin with, you have to evaluate your requirements, what kind of insurance coverage you require, understand how much an average hospitalization in your city costs, and what kind of protection you may need.
If you plan to have a baby at some point in the future, you would want to look at a policy offering maternity benefit, which will cover expenses relating to childbirth. Similarly, while opting for the sum insured, remember this policy should be able to serve you in the long run, which implies taking inflation into account.
A sum insured of INR 5 lakh may look sufficient today, but it might not suffice three years later.
