Facing health or Covid emergency? Here are simple ways to get funds urgently

As Covid-19 emergencies continue to rise sharply, individuals should try to maintain an emergency cash fund besides a health insurance. Here are some ways individuals can get urgent funds during an health or Covid emergency:

Households in India face a higher risk of health emergencies during the second wave of the Covid-19 pandemic. With daily cases and deaths rising sharply, a dedicated health insurance policy has become a necessity, but there is also a need to keep an emergency cash fund ready. While a health insurance policy will cover treatment costs, insurers' approval for cashless treatment may take some time. In the meantime, the hospital may ask a patient’s family to make an upfront cash payment to begin treatment. There are many other situations where a patient may need to make cash payment for treatment. For instance, if the sum covered by the insurance policy is less than the actual cost of treatment or if treatment is availed at a non-network hospital.