Health Insurance: The pandemic has boosted demand for health insurance policies, which is explained by how these policies have become a must-have product from a good-to-have product.
With surging healthcare costs, buying sufficient health cover is a must. A basic indemnity policy is good to start, but covid-19 has proven that having a sum insured of ₹5-6 lakh may not suffice."Many employers offer a health cover for their employees, and as a result many of us don’t buy a health insurance plan of our own.
Everyone should definitely get their own health insurance because uncertainties such as job loss or temporary unemployment between jobs are hard to predict," said Santosh Joseph, founder, Germinate Wealth Solutions, a mutual fund.