Health Insurance
Health insurance provides financial protection to the policyholders against the costs arising out of any medical emergency. We live in an era where health threats are increasing daily. A serious medical emergency can leave a person with a huge financial hole and, most likely, cost more than their savings. In such situations, the importance of health insurance has become a necessity for everyone. Many health insurance companies in India offer various health insurance plans, but finding the best health plan is a daunting task. Here is a comprehensive guide which explains all about health insurance, its meaning, types, and benefits.

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As per the Indian and Financial Express report, medical inflation in India hit 14% in 2024, and that pace shows no signs of slowing. In fact, healthcare costs are expected to rise by another 13% in 2025, outpacing the global average. At the same time, the average hospitalisation claim ballooned to nearly INR 70,558 in 2023–24, up from INR 62,500 the year before.

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The H3N2 virus is spreading rapidly in the Delhi-NCR region. Many households are reporting flu-like symptoms. The virus is affecting people of all ages. According to a survey conducted by LocalCircles, nearly 70% of households in Gurugram, Delhi, Noida, and Faridabad have been affected so far. The H3N2 virus typically begins with symptoms such as high fever, sore throat, chills, headache, and body aches. Apart from that, nasal congestion is quite common among all. Recovery often takes 7-10 days, though with a lingering cough and weakness.

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Are you stuck with a health insurance policy that feels more like a financial burden than financial assurance? Well, health insurance, undoubtedly, is a critical part of financial planning, owing to the protection it offers against high medical costs while ensuring timely and quality treatment. Is your current health insurance plan no longer suitable for your needs? In such cases, what should you do? Is there an option to port your health insurance to another insurer without losing your accumulated benefits? Of course, there is an option.

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Approaching your 60s and seeking a suitable senior citizen health insurance plan? In India, where healthcare costs continue to rise, having a dependable senior citizen health plan is a necessity. From regular doctor visits to managing chronic health conditions like diabetes, arthritis, or heart disease, medical expenses can quickly add up as we grow older.

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According to a reputable credit rating agency in India, the country's spending on healthcare is likely to spike from 3.3% of India's total income (GDP) to 5% by the year 2030. Having said that, a medical emergency, out of the blue, may burn holes in your pocket. However, relax!

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In 2025, healthcare costs in India are projected to rise by 13%, exceeding the global average, says a report. Therefore, with medical treatments becoming more expensive and the ever-unpredictable nature of life, a sudden medical crisis can land you in rough waters. Therefore, it is wise to get a good health insurance plan for your family.
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