- Health Insurance Covers Medical Emergencies
- Investments Are Made For A Predetermined Goals
- Mediclaim, Disability Insurance & Life Insurance Cover Are The Must Haves
New Delhi: When monsoon arrives, you keep your raincoat & umbrella handy as one cannot predict when and where rains will arrive.
While investments are done for a certain goal and for an approximately fixed tenure. Your goal could be anything – buying a car to funding your children’s education or retired life. All these goals would materialise at certain a time that you can anticipate right away.
For example, if you are 21 years old and just started earning, then probably in two years you would want to buy a new bike; In five years you may aim to go for higher studies; After eight years you would like to settle down and start a family and after 39 years you would like to take retirement. Therefore, these are set goals and one can plan for these things. But a health emergency would arrive all of a sudden.
Insurers provide a cover ranging from Rs. 1 lakh to 1 cr for a certain premium payment. The premium sum depends on your age and lifestyle. The younger you are, the lesser amount of premium you will need to pay. Therefore, do not waste time waiting, avail the right insurance at the start of your earnings journey.
Given the rising inflation cost, hospital & medical expenses are soaring high, Harshvardhan Roongta advises city dwellers to buy at least a Rs. 10 lakh health cover.
There are different types of insurance coverage in the market and each has its own purpose. Insurance Harshvardhan Roongta suggests purchasing at least the following three policies to live a stress-free life – Mediclaim, Disability Insurance Cover & Life Insurance Cover.