As healthcare costs in India continue to soar, health insurance is increasingly being seen as a crucial safety net for families facing medical emergencies. With treatment expenses for critical illnesses, surgeries, and hospitalisations reaching alarming levels, even middle-income households risk financial distress without adequate coverage.
The article highlights how health insurance not only reduces out-of-pocket expenses but also provides access to better healthcare services through cashless hospital networks. Experts stress the importance of early purchase and adequate sum insured, especially with the rising incidence of lifestyle diseases.
Public awareness is growing, but penetration remains low, particularly in rural and semi-urban regions. Government schemes like Ayushman Bharat have widened access, but there is a strong need for greater private participation and financial literacy to ensure wider protection.
Overall, the rising reliance on health insurance reflects its growing role as a financial lifeline, offering peace of mind and stability during unexpected health crises.
