Major Medical Insurance, Is It an Expense or An Investment?

Major medical insurance, is it an expense or an investment?

Both the concept of investment and spending can vary from person to person. For example, for someone who is not interested in animals, it will seem like an expense to have a pet and pay for the vet and food and toys, etc. While those who have a pet will argue that it is an investment since the pet gives them happiness, very good times, and even lowers their blood pressure.

But there are data that are "inclined" more to be one than the other. We are not going to delve into the technical definitions of each word, because I assume that if you are reading me you can also investigate more about the concept.




I am going to talk about what I definitely think is an investment in this case: “Major Medical Expenses Insurance”.

Surely we have heard the phrase: "being poor is expensive" and I think you are right. For most of us, it hurts our pocket to pay for health insurance, especially when we are young and healthy. And we usually argue that we don't have money to pay for it.

The truth is that as long as you don't get sick, you can feel that money "going down the drain." But believe me that the day something happens to you, the insurance can really get you out of a very big jam that can leave you much worse off than you were before something happened to you. A long and expensive disease like cancer can cost more than 2 million pesos in a private hospital.

If we don't have insurance to cover that expense, we are REALLY poorer than when we first didn't want insurance because we were “poor”.

Medical expenses insurance IS AN INVESTMENT because it allows you to protect your heritage and that of your family.

Location: India

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