Cost of Healthcare in India
It is heartening to see how the healthcare sector in India has advanced in recent years. You can now get the best medical care for several chronic ailments. Cities such as Chennai and Mumbai have become a sought-after hub for medical tourism. People, from far and wide, arrive here for availing medical treatment. Despite these positive developments, healthcare continues to be expensive for lakhs of Indian families belonging to the middle class. The cost of healthcare in India, particularly in private hospitals is on the higher side.
The awareness about health insurance is not much. Many families pay their medical bills with their hard-earned savings. This further increases their burden as out-of-pocket expenses create financial problems in the future.
This article gives you an overview about the rising cost of medical treatment in India and the need for medical insurance.
A Glimpse of Healthcare Costs in India
While healthcare is improving, there is a rise in the number of ailments, such as diabetes, hypertension, and cardiovascular diseases. An unhealthy lifestyle is among the leading factors that have been attributed to such illnesses. Heart diseases, which also occur due to hereditary reasons, often require long-term treatment. Buying health insurance for heart ailment will help you get cover for various medical expenses, including pre-and-post hospitalisation medical expenses and ambulance costs. Treatment procedures for heart ailments such as coronary bypass surgery and angioplasty can cost up to Rs 3 lakh on an average.
The cost of medical treatment in India is quite high, and it varies depending on the city. There are leading hospitals in the country, with state-of-the-art facilities and qualified medical professionals, which offer quality medical care for various illnesses. Certain common medical procedures in India can cost up to lakhs of rupees. For instance, cataract eye surgery is a surgery conducted for the removal of cataract – a protein mass that builds up in the eye - usually in elderly people. The cost of this surgery can range anywhere between Rs 8,000 to Rs 1,80,000. Similarly, dialysis for patients with kidney disease can cost up to Rs 1,000 per session especially in metro cities. This may lead to a lot of expenditure.
The Need for Health Insurance in India
Medical inflation in India can affect your savings. It is crucial to realise the need to buy a health cover. It will ensure you a secure future without any worries about hefty medical bills. When choosing a health policy, you must take into account your health condition. It is advisable to go for higher coverage in case you have increased health risks. Moreover, check the policy documents for exclusions and features like the waiting period. It will help you to prepare yourself financially.
Given the increased risk of illnesses, you should not delay the process of buying a medical insurance policy. There are various types of health policies available such as family floater health plans, critical illness policy, senior citizen health insurance, etc. You can assess your healthcare needs based on age and make the right decision. Given the growing medical expenses, your personal health insurance cost is much affordable. Invest in a long-term medical insurance plan so that you get continued coverage without any hassle. Nowadays, there are disease-specific plans available. For instance, ‘Heart Mediclaim’ by Care Health Insurance (Formerly Religare Health Insurance) is a comprehensive mediclaim policy that provides coverage for the treatment of 16 heart ailments.
Choose a health cover to deal with the exorbitant cost of healthcare in India. Care Health Insurance (Formerly Religare Health Insurance) caters to the diverse healthcare needs of individuals and families. You can visit the official website of the company and select a health policy that is most suitable for you. The health policies are affordable and have a wide-ranging sum insured options.