#financialsetback

I ran a poll a few weeks back on LinkedIn. Asked if a single medical emergency is enough to push a family into financial setback. 96% of the participants answered YES.

And this is so true. For families which run on a monthly budget, one big emergency expense can lead to financial ruin or at least push the family many years back financially.

What can you do to tackle this?

[1] Buy a comprehensive health insurance policy which covers all your family members. There are many plans in the market and they come at affordable prices. How does this help you?

If you or anyone in your family suffers from any illness which needs treatment in a hospital, this plan covers all your hospital bills.

[2] If you can spend more money, buy critical illness insurance. This becomes more useful for you if you are the only earning member in your family and others depend on you financially.

If you suffer from any critical illness, your policy gives you a huge amount of money.

Critical illnesses are nasty and can take months or sometimes even years to treat. You might have to stay at home and even lose your job temporarily to take treatment.

This amount which you get from the insurance company can help you take better treatment and also pay your regular bills while you are out of job.

But remember, critical illness insurance plans are quite expensive and the rates increase drastically as you age.

If you want to buy a health insurance plan or if you are looking for any health insurance related advice, we would be happy to help you.

You can visit our website and book a call with us.

www.algatesinsurance.in