Most families in India depend on their savings or income to meet the healthcare expenses. One of the important reasons why people avoid buying health insurance policy is that it does not offer any maturity benefits but only provides compensation for medical expenses. Also, there is a general lack of awareness among the people about the importance of insurance and this is another reason why the health insurance penetration is quite low. Is it mandatory for all to buy health insurance? Unlike vehicle insurance, there is no legal obligation to purchase a health insurance policy. However, from the financial planning...