Outlook Money
Health cover is the first step in protecting your financial security. Even disciplined savings can disappear quickly without adequate protection against medical emergencies.
Healthcare expenses in India are rising at an annual rate of 14 per cent, faster than general inflation. This means treatment costs can double approximately every five years.
Many old or low-value policies no longer meet today’s hospital costs. Room-rent caps, sub-limits, and exclusions can significantly reduce the actual payout during claims.
Financial planners suggest Rs 10–15 lakh for working adults, Rs 15–20 lakh for parents above 60, and Rs 25–50 lakh for critical illness. Comprehensive family coverage can cost Rs 45,000–70,000 per year.
Adequate health cover not only protects against risks, but also allows families to continue investing, growing wealth, and pursuing long-term financial goals without interruption.
Buying insurance in your mid-20s usually means lower premiums, fewer exclusions, and coverage before lifestyle diseases emerge. Early planning ensures long-term protection.