Health Insurance: The issue of health insurance has again come into limelight amidst the worldwide layoffs. A personal health insurance policy provides financial security to individuals during difficult times.
New Delhi. The last few months have been a difficult time for many, with companies like Google, Microsoft, Amazon, Share Chat and Swingy announcing layoffs. With the announcement of retrenchment, not only the employment of thousands of people has been snatched away, but the health insurance provided by the employer has also been snatched away. In such a situation, personal health coverage becomes more important than ever for the laid-off employees.
It is a fact that healthcare is a basic human right and access to healthcare should not depend on one’s employment status. This situation explains the importance of having a personal health insurance cover.
Benefits of having personal health insurance cover
In a conversation with Financial Express, Sanjeev Bajaj, Joint Chairman and MD, Bajaj Capital Limited, says, “Personal health insurance policy gives financial protection to people in case of any serious illness or injury.
The need for personal health insurance has become even more important after the pandemic. It has become more challenging for those who have been retrenched as they will have to bear the burden of any medical expenses on their own without personal health insurance cover.”
The issue of health insurance has again come into limelight amidst the ongoing layoffs across the world. Experts are enumerating the benefits of taking personal health insurance to people as a personal health insurance policy provides financial security to people during difficult times.
How to choose the best health insurance
It is most important to choose a health policy that is comprehensive and best suited for your needs. It is better to take the same health insurance which covers your health related needs and also takes care of your family. The current economic situation is uncertain, so it would be wisest not to compromise on your health.
Investing in an individual health insurance policy is a small step towards ensuring that you and your family are protected in case of any health emergency. It is important to remember that your health is your biggest asset and investing in a comprehensive personal health insurance policy is a wise decision.
