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ElaKiri Talk!
Health + Life Insurance
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<blockquote data-quote="CustomerSupport" data-source="post: 24709068" data-attributes="member: 557015"><p>When you pay for health insurance when the country provides free health care, you are ruining it for every one else. </p><p></p><p>What is the percentage of the monthly premium compared to your month income? If your premium is 11,000, you must be making at least 220,000 for a health insurance to make sense. </p><p></p><p>For example in last year, I have spent about €80 for health care (2 doctor visits plus some meds). This is one months premium in your plan. </p><p></p><p>Also take inflation to account. Sri Lanka is fucked up and has over 5% inflation, which means you will be getting peanuts if you are hospitalized. You will also pay a few peanuts, but at this point, you are paying a little for health Care that hasdoesnt meaningfully cover any thing. This is the sweet spot for insurance companies because you pay upfront for the risk the insurance company can pay off easily. So could you, if you had invested that money somewhere else. </p><p></p><p>No wonder Aarshikland citizens go for bank FDs and cooked up insurance plans.</p></blockquote><p></p>
[QUOTE="CustomerSupport, post: 24709068, member: 557015"] When you pay for health insurance when the country provides free health care, you are ruining it for every one else. What is the percentage of the monthly premium compared to your month income? If your premium is 11,000, you must be making at least 220,000 for a health insurance to make sense. For example in last year, I have spent about €80 for health care (2 doctor visits plus some meds). This is one months premium in your plan. Also take inflation to account. Sri Lanka is fucked up and has over 5% inflation, which means you will be getting peanuts if you are hospitalized. You will also pay a few peanuts, but at this point, you are paying a little for health Care that hasdoesnt meaningfully cover any thing. This is the sweet spot for insurance companies because you pay upfront for the risk the insurance company can pay off easily. So could you, if you had invested that money somewhere else. No wonder Aarshikland citizens go for bank FDs and cooked up insurance plans. [/QUOTE]
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