Oh! Suddenly, Shyam got problem in liver as infection and got admitted in hospital but did not survive. Image a family member suddenly need surgery or ICU treatment. Without insurance, this could cost tens of Lac and cause of financial crises.
Average Claim Size for critical hospitality is approx. rs. 60,000 – rs. 1,00,000 per day.
During the second wave of corona, the average health insurance claim for COVID-19 treatment increased from ₹1.3 lakh to ₹1.5 lakh.
Health insurance is essential for a family because it provides financial protection, access to quality healthcare, and peace of mind in case of illness, injury, or medical emergencies. Here’s a breakdown of why health insurance is necessary for a family.
| Reason | Benefit |
| Financial protection | Avoids high out-of-pocket medical expenses |
| Access to care | Ensures quality treatment when needed |
| Preventive services | Promotes early detection and healthier living |
| Family-wide coverage | One plan, multiple people protected |
| Emergency preparedness | Reduces impact of unexpected medical issues |
| Emotional security | Less stress during medical emergencies |
As a service person or as an investor, you’re focused on building wealth and managing risk. But one of the greatest and most overlooked risks to your financial plan is a serious illness or medical emergency. Health Insurance is essential because it protect your capital from being depleted by unexpected medical cost.
Final Thought
Health insurance is not just an expense—it’s an investment in your family’s security, health, and future. Without it, even a single health event could have long-lasting financial consequences.
In short, health insurance gives you peace of mind, better access to care, and financial security. It’s one of the most important steps a family can take to protect their health and their future.”