Reasons for Having Health Insurance

Posted on: Jul 11, 2025 | 3 mins | Written by: HDFC ERGO Team

Reasons for Having Health Insurance

Life is uncertain, and health emergencies can cause a dent to your savings if you are not well-prepared. Having health insurance is not just a choice anymore—it is a necessity for every individual and family. Let’s break down the main reasons for having health insurance:

Fight Lifestyle Diseases

Modern lifestyles have given rise to diseases such as diabetes, hypertension, obesity and heart conditions, which affect people of all ages.

A health insurance plan ensures that you can afford regular check-ups, screenings and treatments without financial strain. Early detection can help manage diseases effectively and save lives.

Safeguard Your Family

One important reason to have health insurance is to secure your loved ones’ health. A comprehensive policy can cover your entire family under one plan – parents, spouse and children.

This means you don’t have to worry about arranging money if any member falls ill. A family health plan provides peace of mind and financial support in times of crisis.

Overcome Inadequate Coverage

Many people rely on basic employer-provided insurance. However, such cover is often limited and may not be enough during major surgeries or prolonged hospitalisation.

Having a personal health plan ensures you have sufficient coverage to handle huge medical bills. It bridges the gap left by group insurance and protects you from unexpected expenses.

Combat Medical Inflation

Healthcare costs in India rise by 8-10% every year. A hospital stay or minor surgery can cost thousands of rupees today, and these costs will only increase in the future.

This is where health insurance plays a key role. It covers major expenses such as hospitalisation, doctor fees, medicines and even daycare procedures, shielding you from medical inflation.

Insure Early for Long-Term Security

Buying insurance at a young age offers multiple benefits. Premiums are lower and you get wider coverage without medical tests or many conditions. Young, healthy individuals are less risky for insurers, so policies are affordable.

Moreover, most policies come with waiting periods for pre-existing diseases. Starting early ensures you complete these waiting periods, so you are covered when you need the insurer to support you.

Why We Need Health Insurance

Here are the key points explaining why we need health insurance:

• Affordable treatment: Protects from hefty medical bills.

• Regular health monitoring: Covers preventive health check-ups.

• Access to better care: Enables to choose good hospitals and doctors.

• Emergency protection: Provides immediate financial support in case of sudden illnesses or accidents.

• Tax savings: Premiums paid for health plans are eligible for tax deductions under Section 80D of the Income Tax Act.

The Need for Health Insurance: A Wise Financial Decision

The need for health insurance cannot be overstated. It secures your savings and ensures you and your family get timely treatment without compromise. Rather than seeing it as an expense, think of it as a shield that keeps you financially secure.

Conclusion

Health is unpredictable, but your finances don’t have to be. Getting insured early and wisely is the best way to prepare for life’s uncertainties. Stay protected, stay healthy and secure your peace of mind with the right health plan.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales.

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