With a Consistent SIP of โน5000 per month, it takes around 10 years to accumulate โน10 Lakh. Yes, takes lots of effort, patience & determination.
But, It takes only one Medical Emergency for a Hospital to charge โน10 Lakh from you. Yes. It would just take a Few Days for โน10 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 โน2000 - โน3000 per month to get a proper โน10 Lakh Base Health Cover (with Non Consumables) + โน90 Lakh Super Top Up for your Family ๐
Do your Research. Take Health Insurance Early.
As someone wise said, we are only ONE Hospital Bill away from Bankruptcy !!!
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