Even before one starts investing towards one’s goals, getting adequate health insurance cover for self and your family is of paramount importance.
Yes EVEN BEFORE you invest in Mutual Funds😊
At the moment, you might be in the pink of health and find no need for health insurance.
- But it also covers injuries due to accident.
- And many illnesses (dengue, malaria, food poisoning) can strike even healthy people.
Also, your employer cover is just not sufficient
With the exponential increase in healthcare costs of late, employer cover will not be sufficient. And quitting your job will leave you without insurance.
Icing on the cake
You can claim a tax deduction of up to 25k and for parents up to 50k.
To give you a rough idea, A 10 lakh cover for a 35 year old will cost only 8k.