Health Insurance

A health insurance policy is a type of insurance that offers coverage for the medical and surgical expenses incurred by the policyholder when he/she is hospitalised during the policy period.

Health insurers, today, also provide coverage for day care hospitalisation, hospitalisation, and post-hospitalisation. The expenses incurred are either reimbursed to the insured individual or are paid to the healthcare provider directly.

On one hand, issues with health have become unavoidable, thanks to changes in the environment and lifestyle over the past few decades. Leading a healthy lifestyle doesn’t guarantee a healthy body any more. On the other hand, medical costs have skyrocketed, which can leave you in a dire situation if you aren’t prepared.

Health insurance has gained importance in today’s world due to these reasons. It is a smart investment to make but requires a bit of research to ensure the plan is affordable, offers good coverage, and will pay out sufficiently when needed.