How a sensible and responsible act can protect you and your family from great financial difficulties.

Our health is an most important asset, one does know it, but often we ignore it. Health is wealth and one needs to take care of it. Hence one, should eat nutritious foods and regular intake of pure water,do daily exercise, have regular sleep and rest, and live stress free, to have best of Health.

However there are times when one becomes really sick and needs to be hospitalized. Sometimes a dreaded disease comes into one life, which may be curable, but it will require substantial resources.

I would like to state one story. I had a friend, who was doing a small business , and was making amount which took care of his necessities and some comforts,  but not much more.He had a small family of  his wife, and child  aged 5 years. However one fine day, he was diagnosed with cancer. The news of this definitely shook him, but also he began to fear that how he is going to arrange for the financial resources for medical care worth many lakhs. He had an insurance cover which was very small. His savings, which he had accumulated after many years of hard work, vanished instantly in the medical expenses. Even then he had borrow substantial amount. But by gods grace after chemo therapy, and other medical treatment the malignant tumour was removed, and the spread of cancer was halted.

It took nearly 6 months of bed rest and regular expensive treatment,before  he could go back to work. Now he was evaluating the situation, and he was grateful to  God that he survived, but was upset of the fact, that he should have taken a substantial insurance cover, which he was advised by myself and others. Now the clock can't be turned back. We of course wish for the best, but  unforeseen incidents,like  being detected by cancer , which cannot be predicted do occur, and bring about turmoil in one's life and the life of family members. Now , not only he has to begin again and provide for the family, but also has to pay of the debt, and rebuild the savings. Also because of rules he does not get health insurance , because he has already been detected by cancer and had treatment, while applying for health insurance, and even if he can get health insurance ( mediclaim) he wont be covered for cancer. 

In the above case, My friend could have taken one precaution, where he could have taken another health policy of say about 10 lakhs. There is also a product available in the Health insurance industry which is called the top up plan. which means that you can take a claim from that policy only if you have exhausted the limit of cover from the base policy. The advantage of this is that the premium one needs to pay for protection in health is very much less than a normal insurance policy. One also has plans which cover cancer at very low rates.

so why wait, act now protect yourself and family and preserve your hard earned savings.  Email: rmadhiwalla@gmail.com, or wsup 865584388.

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Regards

Rahul Madhiwalla