How Much Sum insured In Health Insurance Is Needed for a Real Estate Agent?

Real estate agents mainly work with varied clients to assist them in buying, selling and renting a property. Their job role requires travelling, taking calls and dealing with varied clients. They also go through a lot of physical and mental exhaustion, and stress. So, such immense pressure can lead to varied healthcare problems. Thus, as a real estate agent, you must understand the importance of health insurance and the necessity to purchase one that suits your budget. 

In this blog, you will get a detailed idea about health insurance sum assured for real estate agents. 

Real estate agents work almost 24x7, as they act as a bridge between the sellers and buyers of properties. You must remember that life is unpredictable and can bring up unexpected medical emergencies. Such unforeseen urgencies often bring a financial strain in one's pocket.

That is why having the right health insurance policy is crucial. Besides, healthcare expenses are increasing day by day due to high inflation rates. Not only the healthcare sector but every aspect of an individual's life is being affected due to inflation. 

Buy health insurance for a real estate agent to get adequate financial backup in times of medical emergencies. ACKO provides varied types of health policies in order to meet every insurance need of a customer.

Yes, under the Pradhan Mantri Jan Arogya Yojana (PM-JAY), one can get comprehensive healthcare coverage for themselves along with their family members. This scheme is fully administered and funded by the Indian government. 

In September 2018, this scheme aimed to provide medical care help to poor economic sectors of India. You can choose either online or offline modes to apply for an ABHA ID. Read below to have a glance at some of the prime benefits of the PM-JAY scheme.

Even though you may find a free government scheme useful, it may not be the actual case. Firstly, to be eligible for such schemes, you need to fulfil different eligibility criteria. Apart from that, as the sum insured is only Rs. 5 lakhs, it may not be enough if you are suffering from any chronic disease or health issues. Such schemes also do not cover a lot of hospitals and nursing homes. So in such cases, being covered under a proper and comprehensive health insurance plan can be quite feasible.

The premium of a health plan varies from one real estate agent to another. According to financial experts, an individual should consider investing 50% of yearly income in varied insurance plans including health policies. 

Additionally, the premium of a health insurance plan differs on varied factors like coverage including sum insured, add-on covers, etc. For instance, if a real estate agent plans to buy a health plan for themself, in that case, a basic plan will be more than efficient to cover all unforeseen medical emergencies. 

Alternatively, real estate agents with bigger families including aged parents require comprehensive health plans which offer substantial or unlimited sums insured. As you can understand, buying a standard health plan will require fewer premiums than opting for unlimited or comprehensive health insurance policies.

Estimate your health insurance costs with Health insurance premium calculator

Mostly, real estate agents are self-employed thus they are responsible for their health insurance coverage. Choosing the right insurance plan is crucial thus you must consider the following factors before purchasing one. 

ACKO provides a comprehensive range of health insurance plans to suit every insurance need of yours. Medical insurance has become a necessity in today’s world. Inflation is affecting every sector of India including the healthcare industry. Medical expenses are increasing day by day due to the high inflation rate. 

Henceforth, a real estate agent must purchase the right health insurance policy to safeguard their future. Their job role can lead to various stress-related health problems which can cause financial stress. By choosing the ACKO health plan, you can enjoy the following healthcare benefits.

ACKO is a digital-first insurance company. We have made a user-friendly application that helps customers to carry out any insurance-related processes easily. By using this application, you can buy new plans, renew old ones, raise claims, and do much more. 

In addition to being digitised, we have eliminated the need for any third-party platforms and agents. Because of the reduced operational costs, ACKO offers many affordable health insurance plans compared to other traditional insurance companies.  

As a real estate agent, you must not keep your finances and health at any kind of risk. Thus, buy a health insurance policy to protect yourself along with other family members from any kind of medical emergencies. Now that you are aware of the importance of buying health insurance sum assured for a real estate agent, surf through the website and get an instant quotation. 

Disclaimer: The plans, services, features, processes, and other details mentioned on this page are subject to availability and changes. Please check the applicable policy wordings before making any insurance-related decisions. Feel free to reach out to us at [email protected] for any queries.