New Delhi, April 17 -- Medical costs are becoming a major financial burden for Indian households, taking up an average of 12.2 per cent of their monthly incomes, according to a recent survey report by Policybazaar.

This makes healthcare spending the second-largest expense for families, coming just after essential needs like groceries, commuting, and school fees, which account for 31 per cent of household budgets.

It said "Medical expenses are eating away 12.2% of household incomes on an average, which is second only to essentials like groceries, commuting and school fees"

The report highlighted that rising healthcare costs are putting significant pressure on household finances, especially in the absence of adequate health insurance cov...