National Insurance Awareness Day is being observed today on June 28. On this occasion, it is pertinent to recognise the importance of having health insurance. The COVID-19 pandemic has demonstrated why health insurance is important for everyone. The pandemic, to some extent, raised awareness among people about health insurance as they previously tended to ignore it. In a country like India, health insurance is often neglected because it doesn’t provide immediate benefits unless people fall sick.

While nobody wants to fall sick and go to a hospital, it is important to remember that health problems are a harsh reality we all face at some point of time in our lives. Therefore, it is important to be prepared for the financial consequences arising due to health issues. To avoid financial trouble due to medical emergencies, it is advisable to stay financially prepared for the worst.