New Delhi, Oct. 1 -- A man shared a Reddit post detailing how despite being "rich on paper," a middle-of-the-night medical emergency exposed a major gap in his financial planning. He claimed that while he had around Rs.12 lakh invested in stocks and other funds, along with Rs.10 lakh in corporate health insurance, he struggled to arrange a Rs.1.5 lakh hospital deposit when his mother needed emergency care.

With only Rs.18,000 in his bank account and the third-party administrator (TPA) office unavailable until morning, the social media user had no choice but to seek help from a friend at midnight and max out his credit cards to arrange the money needed to get his mother admitted.

Talking about the insurance process, he stated, "On top of...