MAXIMISE TAX SAVINGS USING HEALTH INSURANCE FOR YOURSELF AND FAMILY
What is Insurance? Simply put, Insurance is spreading of risk - unexpected financial losses for some of the participants from a common fund formed out of contributions of the total participants, and where all participants are equally exposed to the same loss.
If we talk about Health Insurance, it is about paying for the unexpected hospitalisation expenses of those few insured (participants) persons who suffer from illness or injury and require medical treatment, and are part of the bigger group and are reimbursed from the contributions (premium) of all insured (participants) persons who are exposed to similar health risks.
It will not be wrong to say that any financial planning is not said to complete which is not covering health insurance. There are many compelling reasons which in today’s time and age makes it very important for everyone to consider getting health insurance. Some of them are:
Change in lifestyle
Long travelling time to offices, increase in stress in day to day life, hectic work schedules, wrong eating habits, quality of food, and rising levels of pollution have increased the risk of developing health problems.
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