As per a study by KPMG & FICCI, the out-of-pocket expenditure for Indians accounts for approx 62 percent of the total healthcare expenditure as compared to the global average of 18 percent. Those of you who are completely reliant on corporate medical insurance should pay attention to the findings of the Micro, Small and Medium Enterprises (MSME) group medical insurance penetration in India report. As per the report, 48 percent of MSMEs prefer a low amount insured of only up to 2 lakh rupees. These Micro, Small and Medium enterprises opt for a basic coverage of personal accident & critical diseases with their focus locked on low insurance premiums which results in a reduced insurance coverage.
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The take away from this report that you must buy an adequate health insurance coverage that offers good healthcare services even after 12-15 percent inflation. Over the company-provided corporate health insurance & social welfare schemes like Rashtriya Swasthya Bima Yojana a family floater medical insurance plan should also be purchased to get maximum insurance benefits.
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