Financial Wellness: Your Safety Net
A health issue shouldn't create a financial crisis. Building a financial safety net gives you peace of mind to focus on what truly matters: your recovery.
Health Insurance Clarity
"Insurance is a small price for huge peace of mind."
- Base Cover: Aim for at least ₹5–10 lakhs as a basic cover.
- Family vs. Individual: A family floater can be cost-effective.
- Check Claim Ratio: High claim settlement ratio is a good sign.
Medical Emergency Fund
"Pay yourself first, especially for emergencies."
- The 3-6 Month Rule: Aim for 3-6 months of living expenses in this fund.
- Keep it Liquid: Store it in a separate, easily accessible savings account or liquid fund.
- Start Small, But Start: Automate a small SIP or transfer each month.
Smart Healthcare Spending
"An informed patient is an empowered patient."
- Ask for Generic Medicines: They have the same effect but often cost much less.
- Understand Hospital Bills: Don't hesitate to ask for an itemized bill to check for errors.
- Use Network Hospitals: Prioritize hospitals in your insurer's network for cashless claims.
AI Medical Fund Planner ✨
Enter your essential monthly expenses (or a short note). Get a target emergency fund goal and a simple starting plan.
Your plan will appear here.