Sunday, June 15, 2025
No Result
View All Result
  • Home
  • Guest Post
  • Submit Review Article
  • Contact
Somali Update
  • Headlines
    • Politics
  • Auto
    • Bike
    • Car
  • Business
    • Finance
    • Funding
    • Internet Marketing
    • Entrepreneurship
    • Startups
    • Insurance
    • Real Estate
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • Crypto Airdrop
    • ICO News
  • Entertainment
    • Poll
    • Quiz
  • Lifestyle
    • Health
    • Fashion
    • Food
    • Romance
    • Travel
  • Sports
    • Baseball
    • Basketball
    • Cricket
    • Football
    • Hockey
    • NFL
    • Tennis
    • WWE
  • Tech
    • Gadgets
    • Hardware
    • Software
    • Android
    • iOS
    • Social Media
  • Casino
    • Betting
  • Headlines
    • Politics
  • Auto
    • Bike
    • Car
  • Business
    • Finance
    • Funding
    • Internet Marketing
    • Entrepreneurship
    • Startups
    • Insurance
    • Real Estate
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • Crypto Airdrop
    • ICO News
  • Entertainment
    • Poll
    • Quiz
  • Lifestyle
    • Health
    • Fashion
    • Food
    • Romance
    • Travel
  • Sports
    • Baseball
    • Basketball
    • Cricket
    • Football
    • Hockey
    • NFL
    • Tennis
    • WWE
  • Tech
    • Gadgets
    • Hardware
    • Software
    • Android
    • iOS
    • Social Media
  • Casino
    • Betting
No Result
View All Result
Somali Update
No Result
View All Result

5 Reasons to Why Health Insurance is Might be More Important Than You Think

by Paul Carter
4 years ago
in Business, Insurance
Reading Time: 4 mins read
0
Home Business
Share on FacebookShare on TwitterShare on WhatsAppShare on Telegram

During these challenging times, health insurance is more of a necessity than just a fall-back option and choosing the right insurance provider to help you with a health insurance plan that fits your needs is the best-case scenarios. This is what can become your saviour during emergencies and guarantee that you only focus on getting the treatment for yourself or your loved ones and not feel the burden of rising medical expenses and hospital bills.

health insurance

If you are still having second thoughts about why you need health insurance even in today’s day and age, then here are a few compelling reasons that could help you make the decision:

  • Comprehensive Coverage

The best health insurance policy will cover all these expenses for you – from your pre and post hospitalization charges or in-patient hospitalization expenses and your transportation, i.e., ambulance charges to other day-care treatment expenses. 

If you have bought a family health insurance plan, then be rest assured that your family gets the same comprehensive coverage. You and your family can focus on availing yourself of the best possible medical treatment and leave the expenses to your health insurance plan.

  • Employer Cover Is Not Going To Meet The Expense 

Many of us shy from taking an additional health insurance plan, as we are already insured by our employer. But do you know that once you resign from your company, you are no longer eligible for any medical claims? And what if you come to realize this at your retirement age, you are left with zero benefits and loss.

  • Premium Payment And Frequency 

You get to customize your premium amount and decide the frequency at which you will pay your premium, i.e., monthly, quarterly, yearly or even one-time lump sum payment. Thus, when you opt for the best health insurance policy at your early age of working life, you will be entitled to receive the benefit of paying a low premium.

  • Better Financial Planning

When you buy an insurance policy at a young age, preferably before getting married or having children, you will pay premiums without making any default in the payment, thereby ensuring better financial planning. But once you become a family person with a spouse and children, you prioritize more on meeting their day-to-day expenses, where you will barely invest your money on health insurance, leading to poor financial planning.

corona insurance plan

  • Not Just Hospitalization Bills

A health care insurance plan not just covers the hospitalization charges, instead covers much more than that. This includes cover for your day-care procedures, ambulance service, maternity benefits, and coverage benefits for the new-born as well. When picking the best health insurance plan for yourself and your family members, the add-on riders different insurance providers help you customize the health insurance policy to suit your needs aptly.

The Need For A Coronavirus-Specific Insurance Policy

India has been facing one of the most severe second waves of the coronavirus pandemic, and the government is trying to do everything in its power to help curb the spread. To address the need for protection and safeguard citizens and their families from the dangerous effects of this pandemic, India has come up with coronavirus-specific insurance policies. In order to keep the COVID-19 plans standardized throughout the country, there are two main plans offered by the top-most insurers. 

There are two widely offered types of COVID-19 insurance in India, namely Corona Kavach and Corona Rakshak. While the Corona Kavach covers your treatment cost against COVID-19, ranging from Rs.5,000 to Rs. 5,00,000, the Corona Rakshak offers a lump sum payout to the policyholder if they have been hospitalized for a minimum of seventy hours after testing positive for COVID-19. 

The Corona Kavach is a more standardized kind of insurance plan covering comorbidities’ treatment, homecare and PPE, while the latter is more benefit-based and ceases to exist once the policyholder has been paid out. 

Today, various type of lifestyle and other diseases are coming up each day, putting our lives at the risk of illness and now we are here facing the extremity of the COVID-19 pandemic. From extended work from home hours to lack of exercise and workout, our lifestyle has changed, causing several chronic health issues in mid-aged people. Therefore, it is ideal to buy a health insurance policy on time and avail of the term insurance benefits and feel secure with the much-needed health cover. 

Paul Carter

Paul Carter

Paul Carter is a talented author and a dedicated SEO specialist. Paul's extensive knowledge of SEO techniques, including keyword research, on-page optimization, and link building strategies, allows him to develop effective strategies tailored to each client's unique needs.

Related Posts

Deepti Pathak named Head of HR at Aurore Life Sciences

Aurore Life Sciences Taps Deepti Pathak as New Head of HR, Promising Fresh Momentum

6 days ago
telehealth online pharmacy delivery medication

Hims & Hers Poised to Shake Up U.S. Healthcare with Rapid Growth and Bold Moves

6 days ago
Palantir AI stock chart growth

Palantir’s Meteoric Rise: Can It Really Hit $1 Trillion Amid Soaring Valuations?

1 week ago
dollar general discount store aisle customers shopping

Dollar General Bounces Back: How It’s Winning Amid Economic Uncertainty

1 week ago
dividend stocks quarterly increase investors income growth

These Dividend Stocks Are Raising Payouts Every Quarter—Here’s Why Investors Are Taking Notice

2 weeks ago
Nvidia CEO Jensen Huang GTC 2025 keynote

Nvidia Shatters Expectations with Record Revenue Amid AI Boom

2 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SEARCH

No Result
View All Result

TRENDING

  • Trending
  • Comments
  • Latest
Raja Rani Coupon Result

Raja Rani Result Today: Raja Rani Result 28th August Live Updates

August 28, 2024
SkymoviesHD

SkymoviesHD Proxy to Unblock Site – SkymoviesHD Movies Download

March 6, 2024
Control Bionics Secures Major US Reimbursement for NeuroNode Device

Control Bionics Secures Major US Reimbursement for NeuroNode Device

August 19, 2024
Moviesda

Moviesda Proxy to Unblock Links – Moviesda Movie Download

March 6, 2024
near lossless electrical transmission discovery by mit scientists

Near-Lossless Electrical Transmission: A Breakthrough by MIT Scientists

September 12, 2024
Bigg Boss 7 Tamil Contestants Salary

Bigg Boss 7 Tamil Contestants Salary Per Day Revealed

January 9, 2024
Vegamovies

Vegamovies Proxy to Unblock Links – Vegamovies Movies Download

March 6, 2024
iBOMMA

iBOMMA Proxy to Unblock, Movies – IBOMMA Movie Download

March 6, 2024
Kolkata FF Fatafat Result

Kolkata FF Fatafat Result 24th January 2024 Live Updates

January 24, 2024
Tamilblasters

TamilBlasters Proxy – Unblock Links, Tamilblasters Movies Download

March 6, 2024

Business Ideas with Low Investment and High Profit

1
Bhutan Teer Result 2021

Bhutan Teer Result Today Live: Bhutan Teer Result 3rd January Update

1

Reasons to Join the PKT Cash Crypto Network

1
Kolkata FF Fatafat Result

Kolkata FF Fatafat Result 24th January 2024 Live Updates

1
Coinbase

Coinbase Crypto Exchange hires Jeff Horowitz as their CCO

0
Kucoin

KuCoin Scam? Office Location issue clarified

0
Nokia 5G mobile

Nokia 5G Mobile to be launched with T-Mobile soon

0
CasinoBuzz

Casino.Buzz: One of the most Informative Online Casino Review Website

0
Facebook Ban alex jones

Facebook Suspends Alex Jones for Hate Speech

0
Good Rummy Party

What Makes a Good Rummy Party?

0
raspberry pi animatronic robot with crt screen and blinking eyes

Raspberry Pi Hobbyist Builds a Retro-Future Robot That Actually Feels Like One

June 14, 2025
Brad Pitt F1 premiere Mexico City 2025

Brad Pitt Reflects on Regret, Healing, and Holding On to What Really Matters

June 14, 2025
gears of war reloaded promotional poster

Microsoft’s Free Gears of War Giveaway Turns Heads Ahead of Big Remaster Launch

June 13, 2025
nick chubb cleveland browns tunnel run november 2024

Nick Chubb Leaves Cleveland: A Browns Era Ends, and Houston Welcomes a Legend

June 13, 2025
deebo samuel washington commanders minicamp

George Kittle Pushes Back on Viral Deebo Samuel Criticism: “Knock It Off”

June 12, 2025
Nvidia AI chip acquisition news

Nvidia Gears Up for More Acquisitions, Fueling Future AI Dominance

June 12, 2025
end of abyss video game demo gameplay summer game fest

End of Abyss Might Be the Next Obsession for Fans of Little Nightmares and Metroidvanias

June 11, 2025
Khaby Lame airport Las Vegas ICE detention

Khaby Lame Leaves U.S. After ICE Detainment Over Visa Violation

June 11, 2025
code vein game screenshot steam sale bandai namco

Dark Souls-inspired anime action-RPG slashed to just $8.99 — but mixed reviews raise some fair questions.

June 10, 2025
dog travel, Algarve beaches, Portugal with dogs, pet friendly travel, dog friendly holidays

The Best Dog Friendly Beaches in the Algarve: Where Paws Meet Paradise

June 10, 2025

ABOUT US

From global politics to cultural trends, we bring you comprehensive coverage and diverse perspectives. Stay connected with the international community and explore stories from around the globe. Engage with our thought-provoking articles and stay informed about the world’s most pressing issues.

Contact us at ceo.somaliupdate@gmail.com

ADVERTISE WITH US

We accept following advertisement methods in our website.

  • Guest Post
  • Sponsored Post
  • Banner Ad
  • Homepage Ad
  • Sidebar Ad
  • Niche Edit
  • Link Ad
  • Review Article

POPULAR CATEGORIES

List of Popular categories in our websites which are loved more frequently by our beloved readers.

  • AUTO
  • BUSINESS
  • CRYPTO
  • GAMBLING
  • SPORTS
  • TECH
  • HEALTH

THIS WEEK POLLS

Sorry, there are no polls available at the moment.
  • Polls Archive
  • Home
  • Guest Post
  • Submit Review Article
  • Contact

© 2023 SOMALIUPDATE - Developed by VISION

No Result
View All Result
  • Headlines
    • Politics
  • Auto
    • Bike
    • Car
  • Business
    • Finance
    • Funding
    • Internet Marketing
    • Entrepreneurship
    • Startups
    • Insurance
    • Real Estate
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • Crypto Airdrop
    • ICO News
  • Entertainment
    • Poll
    • Quiz
  • Lifestyle
    • Health
    • Fashion
    • Food
    • Romance
    • Travel
  • Sports
    • Baseball
    • Basketball
    • Cricket
    • Football
    • Hockey
    • NFL
    • Tennis
    • WWE
  • Tech
    • Gadgets
    • Hardware
    • Software
    • Android
    • iOS
    • Social Media
  • Casino
    • Betting

© 2023 SOMALIUPDATE - Developed by VISION