Financial help for medical treatment in india
By: Zahabiya, Diamond
Published On: December 18, 2021
Every year, over 5.8 million Indians die as a result of diabetes, cancer, stroke, heart, and lung disorders. In other words, 1 out of every 4 Indians is at risk of dying from an NCD (non-communicable diseases) before the age of 70. Moreover, according to the World Health Organization, cardiac illnesses claim the lives of over 1.7 million Indians each year.
When someone from an average Indian household is handed a hospital bill, they must cope with their failing health on one hand and the stress of having to pay for their quality healthcare on time on the other.
In such a situation, there are several ways you could raise funds like taking loans, medical insurance or crowdfunding. If you are unclear where to turn to pay for medical treatment in India, you can resort to medical crowdfunding, an initiative that gained further significance during and post the Covid-19 pandemic.
So What Is Crowdfunding?
Crowdfunding is the process of raising funds from people online in a relatively short amount of time to fund one’s chosen cause or treatment. The use of crowdfunding to get financial help for medical treatment in India became popular in the late 2000s and has transformed the lives of countless people ever since.
Thus, individuals are turning to alternative means such as crowdfunding. India has several crowdfunding platforms to get financial help to save a life. But it’s very important to choose the right platform to start your fundraiser as that can help you provide the best features in streamlining your fundraising journey.
How can crowdfunding provide financial help for medical treatments?
"We receive an average of 5 donations per minute. The fundraising velocity was one donation per second just before the apex of the second wave. Patients have donated funds to cover Covid treatment costs, long-term hospital/ICU care, lung transplants, and even black fungus-related diseases. People can donate anything from ₹5 crore to ₹1.”
- Piyush Jain for Times of India
Crowdfunding helps provide financial and emotional support. It eliminates competitive interest rates, poor credit scores, and payback. Many people have been able to cover their medical bills thanks to the generosity of donors.
The medical crowdfunding platform in India - ImpactGuru, is trusted by lakhs of people to raise funds for and donate towards medical and hospital bills and overall quality healthcare.
Here are some medical treatments that you can crowdfund for:
Cancer treatments can be costly, but with crowdfunding, help is only around the corner. The most generally suggested treatments include chemotherapy, radiation therapy, immunotherapy, and stem cell transplant, which can be unaffordable especially during an emergency.. Crowdfunding on a platform like ImpactGuru during a medical emergency can assist you in fighting cancer by raising funds for its medical treatment as soon as possible.
Kidney affiliated illnesses can be severe and excruciatingly painful. Dialysis and organ transplants may be urgently required.. In such cases, crowdfunding allows you to raise funds online from individuals online and help the patient receive the treatment at the earliest.
The average cost of a liver transplant in India is approximately ₹20-25 lakh in India and can exceed depending upon the severity of the disease or the hospital where the procedure takes place. Thousands of patients have turned to medical crowdfunding to assist them in covering their liver transplant costs.
Accidents and related injuries are already emotionally exhausting. Crowdfunding empowers you to raise funds for such time-sensitive situations, without worrying about payback or delay in treatment.
People have raised amounts as huge as ₹16 crores on ImpactGuru for rare diseases such as Spinal Muscular Atrophy.
Raising funds on ImpactGuru is easy with its fundraising benefits and features such as:
To know more about crowdfunding in India, visit here.