Out-of-pocket healthcare expenses in India are notably high compared to other countries. Unexpected major illnesses can lead to substantial costs, often forcing individuals to use their savings at short notice. It’s estimated that each year, 2.2% of Indians are pushed into poverty due to such expenses.

The rising cost of medical bills can severely impact your finances. Health insurance helps mitigate these costs by providing financial protection in times of illness or accidents. It ensures that your savings are safeguarded and offers a safety net against unforeseen medical expenses, typically covering hospitalization and related costs.