The Reason You Need Health Insuranse

Have you assumed your health insurance was not to be required? This can be advised if there is no insurance culture in your family, or you heard “Horror stories” about the fraudulent insurance company. Actually, you do not need to take health insurance if you meet one of the following criteria:

1. You never have severe pain (may be only flu).
2. You never have accident / injury.
3. You have wealth extremely.

If you meet one of the criteria above, individual health insurance program will not be much usefully to you. But the fact is you never know what will happen. Maybe you have had a chronic disease in another day, become victims of traffic accidents, failing in business with lost all property. You can not pay the cost of health care (when health is one of the basic human needs).

This is where health insurance purposes. By paying premium insurance on each month, your health cost borne by insurance company. Premium paid is very small if compared to the money that you need to expend if cases of natural befall to you.

Next post I will discuss the health insurance products and what you must do in order to prevent “misguided” in purchasing of insurance.