Health insurance - Why is it important

The health care costs in India are going up massively and they would continue to grow up which makes it very important for everyone to have health insurance. There was a study done by Mercer Marsh and it said that the projected medical trend rate will be 10 percent in India.

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If you go to private hospitals and if you don’t have insurance and if the health care expense is growing at such a massive pace, the inflation then, 15 years down the line, even the insurance is going to get very expensive and the healthcare treatment is going to get very, very expensive.

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COVID-19 has acted as a catalyst for escalating health care costs. In 2021, the budget for health care was increased 10 percent over previous years. It means the govt is pouring in a lot of health care infrastructure in India.

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Plum- It is a young startup that is making it easier and more affordable for more firms in the nation to provide insurance coverage to their employees, last year it had raised $15.6 million in its Series A funding to accelerate its growth.

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Navi - Navi app provides you health insurance in 90 seconds and cashless claims in 20 minutes across 10,000+ network hospitals in India, no paperwork, no agents.

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Ditto – The co-founders of Finshots, Pawan Kumar Rai, Shrehith Karkera, Bhanu Harish Gurram, and Lokesh Gurram founded Ditto, an insurance advisory platform in February 2021

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