How To Plan For An Emergency!

You should be able to recover from any illness without financial worries. Torsha Banerjee helps you plan for such an emergency

- Torsha Banerjee

Health emergencies often come unannounced. Besides accidents, there has also been a rising incidence of diseases like diabetes, cancer and cardiac episodes even among people in their 20s and 30s. In such a situation, money crunch can add to stress and hamper healing. The solution— besides making healthier lifestyle choices—is to plan a health cover that will see you through a bad situation safely. Start as early as you can, with as little as you’re able to afford. Sufal Gupta, senior manager at an MNC, says, “Being young gives one the advantage of compounding interest benefits. The earlier you start, the higher the returns.”

But savings also require proper planning. Setting away a specific portion of your monthly salary is good to start with, but it’s not the only thing you need to do. We have drawn up a few key points for you to keep in mind while planning for a health emergency fund.

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