Why Personal Health Insurance is Critical: The announcement of retrenchment in many big and well-known companies including Google, Microsoft, Amazon, ShareChat and Swiggy has taken away the employment of thousands of people. In this retrenchment, not only the job of the fired employees was lost, but also the health insurance provided by the employer was also snatched away. In these circumstances, personal health coverage becomes more important than ever for laid-off employees.
Benefits of having an individual health insurance cover
Sanjeev Bajaj, Chairman and MD, of Bajaj Capital Ltd., Jetty, says, “Individual health insurance policies provide financial security to individuals in case of a critical illness or injury. The need for individual health insurance has become even more important after the pandemic. It has become more challenging for those who have been retrenched. Without individual health insurance cover, they will have to bear the burden of any medical expenses themselves.” The issue of having health insurance has again come up for discussion amidst the continuous layoffs by the companies. Knowing people are counting on the benefits of taking individual health insurance as an individual 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 to meet your needs. It is best to have health insurance that covers all your health-related needs and also takes care of your family. The current economic situation is in uncertainties and it is not clear how the future will be, so it would be wisest not to compromise 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.
