With a Consistent SIP of ₹5000 per month, it takes around 10 years to accumulate ₹10 Lakh. Yes, takes lots of effort, patience & determination.
But, It takes only one Medical Emergency for a Hospital to charge ₹10 Lakh from you. Yes. It would just take a Few Days for ₹10 Lakh to Vanish in an Emergency.
Ensure that you have at-least 6 months of Expenses (including EMI) as an Emergency Fund. This is Key.
Allocate around ₹2000 - ₹3000 per month to get a proper ₹10 Lakh Base Health Cover (with Non Consumables) + ₹90 Lakh Super Top Up for your Family 😀
Do your Research. Take Health Insurance Early.
As someone wise said, we are only ONE Hospital Bill away from Bankruptcy !!!
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