Health Insurance Best Answer to Rising Medical Cost

| February 2, 2019

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We all are at risk of developing illnesses due to our sedentary lifestyles and also due to the workload. With rising stress levels and lack of social support structure is causing both mental and financial stress on us. The treatment costs of diseases have been rising. Medicinal rate of inflation is expected to grow at double the rate of inflation. There is also a rising trend in non-communicable diseases like heart disease, cancer, stroke, chronic respiratory disease, diabetes, mental illness and kidney disease. Employer provided health insurance would not be sufficient to cover the expense, therefore it is suggested that you take up a individual health insurance to make up the shortfall. Data from NSS report 574 claims that a surprising 57% in rural regions and 68% in urban areas in India undertook treatment without any medical insurance. Let’s discuss how buying health insurance can be an answer to beat the rising medical costs.

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PolicyBazaar.com

PolicyBazaar.com is India's prominent online life insurance and general insurance aggregator. We are specialized in making comparative analysis of the insurance products. The basis for the comparison is price, quality and key benefits. Based on user input’s, various options in the desired insurance product are showcased to him/her. To facilitate the user understanding of the products, there are special segments like “knowledge.policybazaar” and “ask.policybazaar”. Under these segments, customer queries are answered and information about new insurance products and trends are shared with the users.

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