Health Insurance Isn’t a Trap — It’s Just Deeply Misunderstood
A recent article - Why health insurance looks like a trap to so many Indians - The Times of India claimed that health insurance “feels like a trap” for many Indians. As someone who works closely with this industry, I understand why people feel that way — but I also think this perspective misses several critical nuances. pc- unknown Let me share what I’ve learned from experience: 🩺 Premiums are rising — but so are healthcare costs Medical inflation in India is nearing 14% — among the highest in Asia. Hospitals often charge vastly different rates for the same treatment, and insurers have to recalibrate premiums just to keep up. It’s not about profit, it’s about sustainability. pc - The Economic Times 💰 Comprehensive insurance is more affordable than people think For instance, a family of 2 Adults can get ₹30Lac Accident Coverage + ₹ 5Lac protection from major diseases for as low as ₹ 7200 (that’s less than ₹600/month!). That’s not bad for peace o...