10 reasons why you need a HEALTH INSURANCE

Updated: May 7, 2019

Apart from saving tax, why is a health insurance plan necessary? To answer this question, we have enlisted some benefits of health insurance, which will help you understand the need better.

Here are 10 reasons why you need a health insurance:

  1. It’s not enough to be covered by the health insurance plan bestowed upon you by your employer. The benefits of having a group health insurance through your office can be limited and may not suit your needs. Moreover, it can be withdrawn if you resign or retire.

  2. With medical costs – medicine, consultation fees, diagnostic tests, etc. – only increasing, it’s better to have these expenses covered (even if to a certain limit) by taking advantage of the health insurance benefits. Such out-patient expenditure coverage can facilitate your regular health check-ups without inconvenience.

  3. The need for a health insurance is even more crucial in the present scenario. Our hectic lifestyle is all about – irregular sleeping hours, unhealthy food options and sedentary work schedules. Such a lifestyle increases the risk of diabetes, obesity, thyroid disorders, heart problems, etc. – conditions, which need constant checkups and medication to keep them under check.

  4. One of the reasons to get a health insurance as soon as possible is to be prepared for the medical needs of the future. Purchasing a health insurance policy only when you are ill can prove to be a blunder. Most health insurance plans do not cover pre-existing illnesses from the first day of enrollment, the coverage is applicable after a defined waiting period.

  5. There is a need for health insurance if you are newly married. Good health insurance schemes provide maternity benefits and cover certain medical expenses of your baby, thus assisting you in starting your family with ease.

  6. The benefits of having a health insurance plan are not only limited to the medical expenses during hospitalization or day-care treatments. It can also help cover a lot of expenses in case of an accident or an unforeseen emergency.

  7. Most of the times, while calculating our medical expenditure, we often forget to keep in mind the additional costs like commuting charges, boarding cost, loss of income due to leaves, etc. Having a health insurance plan well in time, help to acquire these miscellaneous costs without too much burden.

  8. These days we can’t always afford to stay with our parents, in such a scenario, the health insurance plan comes handy in case of an emergency.

  9. A medical emergency or procedure can be stressful. Financial worries will only add to the stress and interfere with the healing process. One of the benefits of having a health insurance plan is the mental peace and relaxation it brings along with it.

  10. A health insurance plan bought in time assures you the best of medical care as you don’t need to compromise on the quality of treatment due to financial constraints when the need arises.

Now that you know as to why health insurance is necessary, all you need is the right health insurance plan that suits your individual need. With ManipalCigna Health Insurance, apart from the benefits mentioned, you get much more. To know these additional benefits, click here.


ManipalCigna Health Insurance Company Ltd (Formerly known as CignaTTK Health Insurance Company Limited) | CIN U66000MH2012PLC227948 | IRDAI Reg. No. 151 
Reg. Office: 401/402, 4th Floor, Raheja Titanium, off. Western Express Highway, Goregaon (East), Mumbai- 400 063 | Toll free number – 1800-102-4462 | Website address –
Trade Name / Trade Logo belongs to MEMG International India Private Limited and Cigna Intellectual Property Inc. and is being used by ManipalCigna Health Insurance Company Limited under license. For more details on risk factors, terms and conditions, please read the sales brochure/ sales document available on our website (Download section) before concluding a sale.

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