Health Cover To Protect Savings
Business Today|September 20, 2020
Medical Insurance will come in handy in emergencies, prevent outflow of personal wealth
Naveen Kumar
Health Cover To Protect Savings

The momentum of your wealthbuilding journey could take a hit in case of medical emergencies. It not only has the potential to consume all your savings, but can land you in a debt trap as well. Health insurance offers a wider protection net in such cases.

A Critical Factor

While you keep saving and investing diligently, you need to guard your finances against incidents that can derail the process. “Health insurance offers complete peace of mind to the insured. The knowledge that in case of an unforeseen event the economic damage will be covered is enough to reduce stress hormones,” says Abhinav Angirish, Founder, Investonline.in.

“Even if you are in perfect health, your health insurance should play a critical role in your financial planning as it prevents you from dipping into and depleting your savings in case of medical emergencies,” adds Shanai Ghosh, Executive Director and CEO, Edelweiss General Insurance.

“The premium is nothing compared to what you would pay in case of hospitalization… My advice would be to act now, if you haven’t already.”

Deciding The Right Cover

هذه القصة مأخوذة من طبعة September 20, 2020 من Business Today.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة September 20, 2020 من Business Today.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

المزيد من القصص من BUSINESS TODAY مشاهدة الكل
"Hire for attitude, not ability"
Business Today India

"Hire for attitude, not ability"

Thryve Digital is a player in the healthcare technology sector delivering next-generation solutions

time-read
1 min  |
May 12, 2024
Road Warrior
Business Today India

Road Warrior

For Khalid Wani, Senior Director of Sales at Western Digital India, life is much more than just the corner office. Biking across the world is one way he derives meaning for his life

time-read
3 mins  |
May 12, 2024
WIDENING THE POOL
Business Today India

WIDENING THE POOL

THERE HAS BEEN A JUMP IN INDIVIDUALS INVESTING DIRECTLY IN THE STOCK MARKETS, BUT MUMBAI AND AHMEDABAD STILL ACCOUNT FOR THE LION'S SHARE. THERE DEFINITELY IS SCOPE FOR IMPROVEMENT IN TERMS OF PENETRATION LEVELS ACROSS THE COUNTRY

time-read
7 mins  |
May 12, 2024
CRISIS IN THE CLOUDS
Business Today India

CRISIS IN THE CLOUDS

INDIAN AVIATION IS IN CRISIS. AIRLINES ARE GRAPPLING WITH FLIGHT CANCELLATIONS, CREW SHORTAGES, AND COMPLAINTS ABOUT POOR SERVICE, ARE BLEEDING DUE TO RISING COSTS WILL THE FASTEST-GROWING AVIATION MARKET RECOVER?

time-read
9 mins  |
May 12, 2024
"India should start privatising public sector banks"
Business Today India

"India should start privatising public sector banks"

Arvind Panagariya, Chairman of the 16th Finance Commission, on growth, inequality, jobs, the banking sector, and more

time-read
8 mins  |
May 12, 2024
THE DARK SIDE OF GOLD LOANS
Business Today India

THE DARK SIDE OF GOLD LOANS

THERE HAS BEEN A SHARP RISE IN GOLD LOANS IN RECENT YEARS. BUT THERE IS A SEEDIER SIDE TO THIS, AS IS EVIDENT FROM THE RED FLAG THE RBI RAISED RECENTLY. WILL THE REGULATOR'S MOVE PROTECT CUSTOMERS?

time-read
10+ mins  |
May 12, 2024
"I LET MY WORK DO THE TALKING"
Business Today India

"I LET MY WORK DO THE TALKING"

Megha Engineering & Infrastructures MD P.V. Krishna Reddy on being low profile, the infra opportunity and much more

time-read
4 mins  |
May 12, 2024
"Core of insurance lies in long-term security"
Business Today India

"Core of insurance lies in long-term security"

Vibha Padalkar, MD & CEO of HDFC Life, on the insurance provider's performance, surrender charges, and future innovations

time-read
3 mins  |
May 12, 2024
Distress in the Books
Business Today India

Distress in the Books

Bandhan Bank, the brainchild of Chandra Shekhar Ghosh, has made the journey from an MFI to a bank, but with many hurdles. Now with his resignation as MD & CEO, is the lender staring at more uncertainty?

time-read
2 mins  |
May 12, 2024
A Stellar Debut
Business Today India

A Stellar Debut

The TAC Infosec IPO saw bids worth ₹8,417.33 crore pouring in, thanks to intense bidding from all categories of investors

time-read
1 min  |
May 12, 2024