According to financial adviser Shrikant Tijare, there has been increase of at least 30% about inquiries for health insurance. “Earlier, people used to ask for investment options. Now, their first point of enquiry is health insurance. Many young professionals are buying cover from Rs5 lakh to Rs10 lakh,” he said.
Tijare further said that during the health check-up done for the policy, many came to know about their ailments they were unaware of. “Most insurance companies undertake pre-policy health check-up and it is when many diseases like hypertension and diabetes are diagnosed before they could turn serious,” he said.
Doctors have also welcomed this change. “It’s like blessing in disguise. People have realized the importance of health insurance like never-before,” said cardiologist Dr Amar Amale.
Mental peace, said Dr Amale, is the best offering of a health insurance policy. “In Covid times, reimbursement under insurance put back some money into the pockets of distressed people. Even hospitals are at peace when patient is covered under insurance because the already stressed family is not needed to be asked daily for money,” he said.
Insurance adviser Rakshit Patel explains a simple formula which underlines how life insurance is profitable. “It’s like paying Rs10,000 annually, which means Rs1 lakh in 10 years, for insuring a whole family for Rs5 lakh per year. If anyone from the family needs admission due to Covid, dengue or any accident, your yearly investment will cover the bill amount,” he said.
“Health insurance also leaves people assured that they have Rs5 lakh cover in hand. So it’s a win-win situation,” he said adding that even unavoidable diseases like cataract, knee or hip replacement etc are covered under insurance these days. “So, you will not be in loss when you insure your health,” he said.
Sharing his experience during the second wave of Covid-19, businessman Praful Dahake said, “I was admitted to a private hospital for 10 days and the bill was more than Rs2 lakh. I had a short-term Corona Kawach policy. I got near Rs1.50 lakh reimbursed. It was a big respite,” he said.
Surgeon Dr Aparna Das emphasized that it’s not just about Covid or dengue or accident but health insurance should be a way of life. “Having health cover is one of the biggest lessons of Covid-19,” said Dr Das.