Best Health Insurance Company in India

Why You Should Care About Rising Hospitalization Cost in India?

27 June, 2023

27 Shares

1549 Reads

rising hospitalization cost

Share

Ignoring the Real Inflation

It’s just another regular weekday. You get up in the morning, grab a cup of coffee and then head out to work. On the way, you discover that petrol prices have increased by ₹1 and you let out a deep sigh. You then realize that the prices of onions have also risen by ₹3, which frustrates you further. Now just imagine, if you were to be told that you need to undergo urgent surgery (a literal matter of life and death for you) and the cost of the procedure is ₹10 lakhs. To make things worse, you don’t even have medical insurance! Now what?

 

Suddenly inflation of commodities of daily needs seems less daunting, isn’t it?

 

The point is not to make light of inflation or everyday challenges of money management but to elicit a decisive response in light of the seriousness of the matter in hand.

 

In these times of rising medical costs and high inflation, you need a reliable health partner. An insurance policy that gives you the protection you need from unforeseen events and sudden medical expenses. Find out how little you need to spend. Click below to calculate premium.

 

Calculate Premium

According to a recent report by Towers Watson, India has the highest rate of medical inflation in the world. Another report by Mercer Marsh in 2018 has stated that health costs in India are set to be double the inflation rate. Gone are the days when quality healthcare was affordable in India. Today, the cost of a medical procedure goes into lakhs. Here are some figures forthe average cost for certain medical treatments that will make you sit up and pay notice to current day scenario.

 

  • Angioplasty (1 Stent) - ₹1.2lakhs to lakhs+
  • Bypass Surgery – ₹3.5 lakhs to 6 lakhs+
  • Heart Transplant - ₹20 lakhs to 25 lakhs
  • Chemotherapy (per cycle) - ₹60,000+ to almost 1 lakh

 

Can There be Something WHich May be More Worrying?

According to the India Fit report from GOQii, one in three people above the age of 30 suffer from a lifestyle disease. These include cardiac problems, diabetes or even high cholesterol and cancer. These often escalate due to poor lifestyle and diet habits. Battling such diseases often mean a huge expense and a serious dent in your savings.

 

Times are Changing

According to an Economic Times report, 3 out of 10 patients are now being treated in tier-2 and 3 cities, which opens up a huge scope of investment for many healthcare providers. That’s exactly what some of the leading hospital chains are doing by setting up medical centres in non-metro cities and towns to tap into this market. They have realized that a large part of India’s growing income and aspirations lie in these markets. Plus, not everyone has deep pockets to go to metros and get themselves treated. Medical care is far more affordable in these cities.

 

What Should be Your Plan of Action? Stay Protected

Our bodies possess a cache of secret artillery called antibodies that are released on the event of foreign invasion. Likewise, we also need to be prepared for any medical contingencies by means of health insurance.

 

How Does health Insuranec Help?

Covers Yours Medical Expenses

Health insurance can help you plan your expenses and treatment in times of medical emergency. Instead of using your hard-earned savings, the best health insurance company can cover requirements such as in-hospitalization expenses, day care treatment, etc.

 

Pre and Post Hospitalization Expenses

The worry typically is not limited to the cost of hospitalization but extends to the pre and post-hospitalization stages as well. These comprise several diagnostic tests, scans, and OPD expenses. Most health insurers cover all your expenses from 60 to 90 days before and after your treatment but do read the product brochure carefully before you buy a health insurance.

 

Lifestyle Diseases on the Rise

Lifestyle diseases such as diabetesheart problems, and hypertension are striking at a younger age. Busy work life, lack of exercise and unhealthy diet are taking a toll on our health. While certain aspects of lifestyle are within our control and others are beyond, what is required is a solution - that’s why one needs buy health insurance early.

 

A Surety in Times of Crisis

Ours is one of the most adulterated of all eras in history. Despite our best efforts to stay healthy, lifestyle diseases are on the rise. After all, what can one expect with the introduction of Genetically Modified food, chemtrails, and geoengineering? Therefore, getting ourselves medically insured is in our best interest in case an emergency arises in the future.

 

Income Tax Benefit

Health Insurance not only takes care of your medical expenses but also helps you save on taxes. How? Making payments towards the premium of health insurance is eligible for tax deduction under section 80D of the income tax act returns. Now that should definitely get a smile on your face.

 

So, How Do You Get Started?

Right here, right now. You can cover your family’s health insurance needs with Niva Bupa’s Health Pulse. It’s easy on the pocket and good for health as well.

 

The plan covers your hospitalization expenses, pre & post hospitalization costs, day-care treatment, and even alternative treatments like Ayurveda and Homeopathy.

Start Your Insurance Today!

Secure your Health with comprehensive insurance plans from Niva Bupa

+91
Disclaimer infoBy clicking Start Now, you authorize Niva Bupa to Call/SMS/Whatsapp on your registered mobile overriding DNCR.

You may also like

Popular SearchesHealth InsuranceMedical Insurance Best Health Insurance PlansHealth Insurance PlansHealth Insurance PolicyBest Health Insurance PlansBest Family Health InsuranceBest Mediclaim PolicyBest Health Insurance In IndiaBest Medical Insurance In IndiaBest Health Insurance Plans In IndiaBest Health Insurance Policy In IndiaMediclaimBest Health Insurance For Senior Citizens In IndiaBest Health InsuranceHealth Insurance With Opd CoverMediclaim InsuranceMedical Insurance PlansBest Health Insurance Company in IndiaCritical Illness InsurancePersonal Accident InsuranceMediclaim PolicyIndividual Health InsurancePregnancy InsuranceMaternity Insurance | | Best Family Health Insurance plans in IndiaBest Health Insurance companyFamily Health InsuranceBest Health Insurance plans for Senior CitizensMediclaim Policy for Family

 

Health Insurance SchemesChief Ministers Comprehensive Health Insurance SchemeEmployee State Insurance SchemeSwasthya Sathi SchemePradhan Mantri Matru Vandana YojnaGovernment Health Insurance SchemeDr. YSR Aarogyasri SchemePradhan Mantri Suraksha Bima YojnaHealth Insurance DeductibleWest Bengal Health SchemeThird Party AdministratorRashtriya Swasthya Bima YojanaIn Patient Vs Out Patient HospitalizationMukhyamantri Chiranjeevi YojnaArogya Sanjeevani Health InsuranceCopay Health InsuranceCashless Health Insurance SchemeMukhyamantri Amrutum Yojna

 

Travel Insurance PlansTravel InsuranceInternational Travel InsuranceStudent Travel InsuranceTravel Insurance USATravel Insurance CanadaTravel Insurance ThailandTravel Insurance UKTravel Insurance GermanyTravel Insurance BaliTravel Insurance VietnamTravel Insurance DubaiTravel Insurance SingaporeSchengen Travel Insurance

 

Top Hospitals -  Best Hospitals in ChennaiTop Hospitals in DelhiBest Hospitals in GurgaonBest Hospitals in IndiaTop 10 Hospitals in IndiaBest Hospitals in HyderabadBest Hospitals in KolkataBest cancer hospitals in BangaloreBest cancer hospitals in HyderabadBest cancer hospitals in MumbaiBest cancer hospitals in IndiaTop 10 cancer hospitals in IndiaTop 10 cancer hospital in DelhiMulti Speciality Hospitals in MumbaiMulti Speciality Hospitals in ChennaiMulti Speciality Hospitals in HyderabadSuper Speciality Hospitals in DelhiBest Liver Hospitals in DelhiBest Liver Hospitals in IndiaBest Kidney Hospitals in IndiaBest Heart hospitals in BangaloreBest Heart hospitals in IndiaBest Heart hospitals in KolkataBest Heart hospitals in Delhi


OthersTop Up Health Insurance PolicyCorporate Health InsuranceHealth CardSection 80d of Income Tax ActAyushman BharatHealth Insurance PortabilityGoActive Family Floater PlanHealth Companion Family Floater PlanHealth Premia Family Floater PlanHealth Pulse Family Floater PlanHealth Recharge Family Floater PlanHeartbeat Family Floater PlanMoney Saver Family Floater PlanSaral Suraksha Bima Family Floater PlanSenior Citizen Family Floater PlanSuper Saver Family Floater PlanCorona Kavach Family Floater PlanHospital Cash InsuranceCashless Health InsuranceHealth Companion Price revision | Heartbeat Price revision | ReAssure Price revision 

 

COVID - OmicronCoronavirus Health InsuranceCovid XE VariantNorovirus

footer logo
Some image

www.nivabupa.com

Some image

+91 11 41743397

Some image

1860-500-8888

Some image

14th Floor, Capital Cyberscape, Sector 59, Gurgaon

  • Insurance is a subject matter of solicitation. Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) (IRDAI Registration Number 145, Category:Health), 'Bupa' and 'HEARTBEAT' logo are registered trademarks of their respective owners and are being used by Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) under license. CIN: U66000DL2008PLC182918
  • 1 Niva Bupa processes pre-authorisation requests within 30 minutes for all active policies, subject to receiving all documents and information(s) up to Niva Bupa’s satisfaction. The above commitment does not include pre-authorisation settlement at the time of discharge or system outage.
  • 2 Since Inception refers to claim data from 2010 till December 2023.
  • 3 ReAssure 2.0 Premium: The premium is including taxes and for Bronze Variant, for a 25-year-old individual living in Delhi.
  • 4 Aspire Premium: The premium is including taxes and for Gold+ Variant, for a 25-year-old individual living in Delhi.
  • 5 Senior First Premium: The premium is including taxes and for Gold Variant, for a 65-year-old individual living in Delhi.
  • 6 Health Premia Premium: The premium is including taxes and for Silver Variant, for a 25-year-old individual living in Delhi.
  • 7 SmartHealth + Disease Management Premium: The premium is including taxes and for Disease Management Gold Variant rider when bought with ReAssure 2.0 Bronze variant with Base Sum Insured of 5 lacs, for a 25-year-old individual living in Delhi.
  • Beware of spurious / fraud phone calls! Do not share your confidential information like Debit / credit card number, Internet Banking User ID/Password, Pin, CVV, OTP, etc. with anyone. Avoid clicking on attachments / payment link received in mails / message from unknown sources. IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment or premium. Public receiving such phone calls are requested to lodge a police complaint. Do not respond to unsolicited and attractive offers received through unidentified calls, emails, SMSs, and other social media platforms. Beware of misleading telephone calls from people posing as Niva Bupa officials, agents, IRDAI Officials, Officials from ECI (Office of the Executive Council of Insurers) etc. and offering alluring benefits or sharing false information on your policy or on Niva Bupa. Niva Bupa shall not be responsible for any loss or damages whatsoever for any acts or omissions arising out of such spurious calls, and all customers are advised to contact our customer care at 1860-500-8888 and verify any representations or promises made by any such spurious callers before acting upon the same.
Social IconSocial IconSocial IconSocial IconSocial Icon