Health insurance has become a must for each one these days. But it comes at a premium. It is gaining traction, more so since Covid outbreak, as folks are looking for avenues through which they can be financial certain of meeting any health emergency. However, it might be difficult to decide how much overall health insurance sum assured you will need.
In health insurance, sum assured refers to the maximum amount of money the policy offers to provide in case of an emergency. As treatment costs are rising, authorities say that you need to be careful while selecting the most appropriate amount of cover. A small sum assured may leave you disappointed in the event of emergency. Even a large sum assured, if not actually required, could make you unnecessarily pay high premiums.