Health insurance necessity
I was looking for health insurance for my parents and it came around 50k/year. Taking term insurance of me and my sister, apart from health insurance for all 4 members brings the annual cost to approx 1 lac/year for term ins+health ins.
So i was wondering if it is better to just take term insurance for self and sister and NOT take health insurance for anyone.
because 90% treatments can be treated under 10 lacs in India.
So i think, instead of paying 50k annually for parents health insurance, if i invest them somewhere, i might cover the treatment cost if it arises.