Like growing a Chinese bamboo tree, there are no instant gratifications. You need to stay put and keep the faith in equities.
Muthukumar KMuthukumar K has been writing extensively on personal finance for the last two decades. He is often seen in a blissful state sparked off by Heartfulness Meditation.
Assuming eight percent inflation, medical costs could quadruple over the next two decades. A surgery that costs Rs 4-5 lakh today could become Rs 20 lakh over the next two decades. While a cover between Rs 5-10 lakh is adequate for a young family today, it needs to be regularly topped-up – to match the rise in health care costs.