December 24 - The holiday season is a time when we are thankful for our blessings such as good health and the ability to work, and we also recognise how far a Rand takes us and why we need so many of them. For these reasons alone medical insurance in South Africa is essential.
There are some professionals in SA who pay upwards of R700 a month for their medical coverage. This might include some long-term life insurance as well as disability insurance in case you are injured and cannot work. Is this a worthwhile expense, or would you be better off using that monthly lump sum to pay off debts or maybe put it into your home?
The simple answer is that it isn't worth the risk to go without medical insurance, especially if your coverage is of a high standard. Discovery Health or the Professional Provident Society (PPS) are two examples of products in the medical insurance field that really deliver. You cannot afford to be without them even if the chances of something happening seem remote.
You may be in excellent physical health and in a low-risk category in terms of your job and lifestyle, but life in South Africa is volatile to say the least - the chance of a car accident, an act of violence that touches your life, or some other calamity is thankfully small in terms of the percentages but if it does happen you will be forever grateful to that medical insurance policy you once thought was a luxury!
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