In a recent post on X (formerly Twitter), Zerodha co-founder Nithin Kamath emphasised the critical need for health insurance in India, highlighting that many individuals are just one hospitalisation away from financial ruin. The post underscores the growing importance of having a robust health insurance plan amidst rising medical costs.

Kamath's message, shared alongside an informative graphic, illustrates the potential financial risks associated with unexpected medical expenses. “Most Indians are just 1 hospitalisation away from bankruptcy. A good health insurance plan is mandatory,” Kamath stated.

What is a health insurance?

Health insurance or medical insurance is a type of insurance that covers the whole or a part of the risk of a person incurring medical expenses. As with other types of insurance, risk is shared among many individuals. By estimating the overall risk of health risk and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to provide the money to pay for the health care benefits specified in the insurance agreement. The benefit is administered by a central organisation, such as a government agency, private business, or not-for-profit entity.

Tips for selecting the right health insurance

Kamath offered several key tips for choosing a reliable health insurance provider through the graphic shared along with the tweet. He advised opting for companies with a track record of 5 to 10 years, noting that insurers with over a decade of experience are preferable. Additionally, he recommended evaluating insurers based on their claim settlement ratios, ideally between 80-90 percent over a three-year period.

The importance of network hospitals was another focal point in Kamath’s advice. He suggested selecting an insurer that includes 5,000 to 8,000 network hospitals to ensure broader access to medical facilities. Kamath also highlighted the significance of an incurred claim ratio between 55 to 75 per cent, and emphasised that insurance policies should avoid co-payments, room rent restrictions, and disease-wise sub-limits.

Public reaction and insights

The response to Kamath’s post was varied. One X user pointed out that many chronic diseases could be managed through lifestyle changes, potentially reducing overall health expenses. Another commenter criticized the complexity and hidden terms in health insurance policies, suggesting that these features are designed to minimize payouts. Hence, Kamath’s post aligns with growing concerns about the financial impact of health emergencies and the need for comprehensive insurance coverage.

In a recent post on X (formerly Twitter), Zerodha co-founder Nithin Kamath emphasised the critical need for health insurance in India, highlighting that many individuals are just one hospitalisation away from financial ruin.

In a recent post on X (formerly Twitter), Zerodha co-founder Nithin Kamath emphasised the critical need for health insurance in India, highlighting that many individuals are just one hospitalisation away from financial ruin. The post underscores the growing importance of having a robust health insurance plan amidst rising medical costs. Kamath's message, shared alongside an informative graphic, illustrates the potential financial risks associated with unexpected medical expenses. “Most Indians are just 1 hospitalisation away from bankruptcy. A good health insurance plan is mandatory,” Kamath stated. What is a health insurance? Health insurance or medical insurance is a type of insurance that covers the whole or a part of the risk of a person incurring medical expenses. As with other types of insurance, risk is shared among many individuals. By estimating the overall risk of health risk and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to provide the money to pay for the health care benefits specified in the insurance agreement. The benefit is administered by a central organisation, such as a government agency, private business, or not-for-profit entity. Tips for selecting the right health insurance Kamath offered several key tips for choosing a reliable health insurance provider through the graphic shared along with the tweet. He advised opting for companies with a track record of 5 to 10 years, noting that insurers with over a decade of experience are preferable. Additionally, he recommended evaluating insurers based on their claim settlement ratios, ideally between 80-90 percent over a three-year period. The importance of network hospitals was another focal point in Kamath’s advice. He suggested selecting an insurer that includes 5,000 to 8,000 network hospitals to ensure broader access to medical facilities. Kamath also highlighted the significance of an incurred claim ratio between 55 to 75 per cent, and emphasised that insurance policies should avoid co-payments, room rent restrictions, and disease-wise sub-limits. Public reaction and insights The response to Kamath’s post was varied. One X user pointed out that many chronic diseases could be managed through lifestyle changes, potentially reducing overall health expenses. Another commenter criticized the complexity and hidden terms in health insurance policies, suggesting that these features are designed to minimize payouts. Hence, Kamath’s post aligns with growing concerns about the financial impact of health emergencies and the need for comprehensive insurance coverage.

Nithin Kamath urges Indians to focus on health Insurance: 'One Hospitalisation Away from Bankruptcy’

In today's so-called hustle culture, how often have you heard people talking about taking it easy, cutting themselves some slack? How important is it for you to take a break? Molly Gambhir tells you about what happened recently to Nithin Kamath the co-founder of online stock trading app Zerodha.

Gravitas | Zerodha co-founder suffers a stroke due to stress, exhaustion

Zerodha's Chief Executive Officer Nithin Kamath revealed Monday (Feb 26) that he suffered a mild stroke six weeks ago and was better now. Taking to the microblogging site&nbsp;X, the CEO of the financial services company said the stroke happened “out of the blue”. However, he is able to “read and write now”.

He also shared pictures of himself on the hospital bed and also whilst he was recovering, along with the lengthy post. He mentioned that it would take him “three to six months” for a full recovery.

<h2>Cause of the stroke</h2>

Nithin Kamath didn’t confirm the cause of the stroke but said one of the possible reasons could be the passing away of his dad. He mentioned "Dad passing away, poor sleep, exhaustion, dehydration and overworking" as possible reasons for the critical health condition.

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<blockquote class="twitter-tweet">
Around 6 weeks ago, I had a mild stroke out of the blue. Dad passing away, poor sleep, exhaustion, dehydration, and overworking out —any of these could be possible reasons. 
 
I've gone from having a big droop in the face and not being able to read or write to having a slight droop… <a href="https://t.co/aQG4lHmFER">pic.twitter.com/aQG4lHmFER</a>
— Nithin Kamath (@Nithin0dha) <a href="https://twitter.com/Nithin0dha/status/1762038423798620637?ref_src=twsrc%5Etfw">February 26, 2024</a></blockquote>
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<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

Kamath also said there was a slight droop in his face.

"I've gone from having a big droop in the face and not being able to read or write to having a slight droop but being able to read and write more. From being absent-minded to more present-minded. So, 3 to 6 months for full recovery," he wrote.

Kamath added he was using the treadmill to stay fit and would continue with his recovery.

"I wondered why a person who's fit and takes care of himself could be affected. The doctor said you need to know when you need to shift the gears down a bit. Slightly broken, but still getting my treadmill count," he added.

<h2>How does stroke occur?</h2>

A stroke happens when the blood supply to a part of the brain is stopped or a blood vessel in the brain collapses or bursts. A stroke is also called sometimes a ‘brain attack’.

Also read:&nbsp;<a data-ved="2ahUKEwjzmsG0gsmEAxXKzDgGHc_9CF0QxfQBKAB6BAgHEAE" href="https://www.wionews.com/trending/chatgpt-goes-wonky-churns-out-gibberish-for-many-hours-692850" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/trending/chatgpt-goes-wonky-churns-out-gibberish-for-many-hours-692850&amp;ved=2ahUKEwjzmsG0gsmEAxXKzDgGHc_9CF0QxfQBKAB6BAgHEAE">ChatGPT goes wonky, churns out gibberish for many hours</a>

In severe cases, the victim can die. In most cases, brain stroke leaves a person physically disabled as part of the brain is completely damaged.

<h2>Reactions</h2>

Reacting to the post, BharatPe founder Ashneer Grover wrote, "Dude - take care. Most likely you are deeply affected because of passing away of your dad - it got me too after my dad’s demise - I simply collapsed one day. Take a break."

Also read:&nbsp;<a data-ved="2ahUKEwjzmsG0gsmEAxXKzDgGHc_9CF0QxfQBKAB6BAgQEAE" href="https://www.wionews.com/trending/ai-generated-or-real-here-is-truth-behind-viral-video-showing-yogi-meditating-in-himalayas-693507" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/trending/ai-generated-or-real-here-is-truth-behind-viral-video-showing-yogi-meditating-in-himalayas-693507&amp;ved=2ahUKEwjzmsG0gsmEAxXKzDgGHc_9CF0QxfQBKAB6BAgQEAE">AI-generated or real? Here is truth behind viral video showing Yogi meditating in Himalayas</a>

Kerala-based hepatologist Dr Cyriac Abby Philips assure him that he will be alright.

(With inputs from agencies)

Zerodha's Chief Executive Officer Nithin Kamath revealed Monday (Feb 26) that he suffered a mild stroke six weeks ago and was better now. Taking to the microblogging site X, the CEO of the financial services company said the stroke happened “out of the blue”.

Zerodha's Chief Executive Officer Nithin Kamath revealed Monday (Feb 26) that he suffered a mild stroke six weeks ago and was better now. Taking to the microblogging site X, the CEO of the financial services company said the stroke happened “out of the blue”. However, he is able to “read and write now”. He also shared pictures of himself on the hospital bed and also whilst he was recovering, along with the lengthy post. He mentioned that it would take him “three to six months” for a full recovery. Cause of the stroke Nithin Kamath didn’t confirm the cause of the stroke but said one of the possible reasons could be the passing away of his dad. He mentioned "Dad passing away, poor sleep, exhaustion, dehydration and overworking" as possible reasons for the critical health condition. Around 6 weeks ago, I had a mild stroke out of the blue. Dad passing away, poor sleep, exhaustion, dehydration, and overworking out —any of these could be possible reasons. I've gone from having a big droop in the face and not being able to read or write to having a slight droop… pic.twitter.com/aQG4lHmFER — Nithin Kamath (@Nithin0dha) February 26, 2024 × Kamath also said there was a slight droop in his face. "I've gone from having a big droop in the face and not being able to read or write to having a slight droop but being able to read and write more. From being absent-minded to more present-minded. So, 3 to 6 months for full recovery," he wrote. Kamath added he was using the treadmill to stay fit and would continue with his recovery. "I wondered why a person who's fit and takes care of himself could be affected. The doctor said you need to know when you need to shift the gears down a bit. Slightly broken, but still getting my treadmill count," he added. How does stroke occur? A stroke happens when the blood supply to a part of the brain is stopped or a blood vessel in the brain collapses or bursts. A stroke is also called sometimes a ‘brain attack’. Also read: ChatGPT goes wonky, churns out gibberish for many hours In severe cases, the victim can die. In most cases, brain stroke leaves a person physically disabled as part of the brain is completely damaged. Reactions Reacting to the post, BharatPe founder Ashneer Grover wrote, "Dude - take care. Most likely you are deeply affected because of passing away of your dad - it got me too after my dad’s demise - I simply collapsed one day. Take a break." Also read: AI-generated or real? Here is truth behind viral video showing Yogi meditating in Himalayas Kerala-based hepatologist Dr Cyriac Abby Philips assure him that he will be alright. (With inputs from agencies)

Indian fintech app CEO Nithin Kamath suffered brain stroke, developed droop in face

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Nithin Kamath urges Indians to focus on health Insurance: 'One Hospitalisation Away from Bankruptcy’

Gravitas | Zerodha co-founder suffers a stroke due to stress, exhaustion

Indian fintech app CEO Nithin Kamath suffered brain stroke, developed droop in face