Importance & Need For Health Insurance

Health insurance is one of the most fundamental types of insurance after life cover in terms of being an absolute necessity for everyone. It is important as it provides financial security to meet health related contingencies.

We all strive to provide the best we can to our loved ones. We meticulously plan and save for that new mobile, latest car or that dream holiday. We however do not save as meticulously for getting medical treatment in the face of a medical emergency. Even if some of us plan, the savings may prove to be insufficient if there is a long term illness in the family.

According to WHO statistics, about 47% and 31% of hospital admissions in rural and urban India, respectively, were financed by loans and sale of assets. WHO says, 3.2% Indians will fall below the poverty line because of high medical bills. About 70% of Indians spend their entire income on healthcare and purchasing drugs.

Such unforeseen Medical emergencies not only stress our immediate cash flows, they are also likely to adversely impact financial commitments towards regular savings thus impacting achievements of any long term financial goals. Add to it the burden of any loans that one may take to pay for medical expenses.

The cost of medical care is also increasing due to inflation and advancements in medical technology. At the same time the longevity is improving thus forcing us to consume more medical care.

So what do we do?

Pray! Adopt a Healthy Life Style! Purchase adequate health insurance cover!

Products offered by HDFC Health:

Health insurance : How important is it?

Mediclaim & Health Insurance Premium Calculator by HDFC Life
*premium Amount for Male, 35 yrs, 10 year term, Silver option, including tax.
HDFC Standard Life Insurance Company Limited.

Insurance is the subject matter of the solicitation. For more details on risk factors, associated terms and conditions and exclusions please read the product brochure before concluding a sale. HDFC Life Health Assure Plan (Form No. P501-105, UIN: 101N087V01) is the name of traditional health plan offered by HDFC Life. HDFC Standard Life Insurance Company Limited is only the name of the Insurance Company, HDFC Life is only the name of the brand and HDFC Life Health Assure Plan is only the name of the product. The name of the company, name of the brand and the name of the product does not in any way indicate the quality of the contract, its future prospects or returns. HDFC Standard Life Insurance Company Ltd. IRDAI Reg No. : 101. ARN: MC/03/2015/6186.
CIN : L65110MH2000PLC128245. Tax benefits are subject to change in tax laws.

Corporate Office & Registered Address

HDFC Standard Life Insurance Company Ltd.
Lodha Excelus, 13th Floor Apollo Mills Compound,
N.M. Joshi Marg, Mahalaxmi
Mumbai, Maharashtra 400011
Telephone: (022) 67516666

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