To Protect Ur Wealth take Health Insurance

TAKING A HEALTH INSURANCE COVER CAN PROTECT YOUR WEALTH Adversities hit you without a warning. Especially if they are to do with a catastrophic illness. Most people have that one family member who has been diagnosed with a dreaded illness and finds it challenging to manage financially. It is surprising then to hear that almost 44% (according to a report by Vidal Healthcare Services Pvt. Ltd) of India’s population is not covered by health insurance. Further the average insurance cover of ₹2 lakh is grossly inadequate to cover the expenses for any large illness. In such situations, people dip into their savings or take loans or sell assets to fund treatments. As per a report by EY, 70% of healthcare spending in 2016 was out of pocket and only 2% was through private insurance, the balance 28% being borne by the government. With three-quarters of tertiary healthcare being provided by corporate hospitals, it becomes important to have a high health cover, given the high charges by these hospitals and medical inflation of 20% per annum in India. While a surgery costs ₹1.5-3 lakh, the cost of staying in ICU is ₹50,000 to ₹1 lakh per day. A catastrophic illness (like a transplant) which requires long-term hospital stay, would set you back by ₹15-20 lakh in a month. Common treatments like dialysis cost ₹50,000 a month. Read more at www.starhealthdevarajan.com/news/674 www.starhealthdevarajan.com for Insurance related Services, U can Call Now 98401 77017 Devarajan