Health insurance is an insurance policy that covers you against the expenditures of a medical or surgical procedure, the cost of medicines, doctor’s appointments, ambulance expenses, etc. The expenses covered by a health insurance plan can be a result of an accident or an illness. Health insurance offers features like cashless hospitalisation, cover against critical illnesses like cancer, kidney and heart issues, and more.
Health insurance is an essential product in today’s times. The cost of healthcare has drastically risen in the last decade. Life-threatening diseases such as cancer and kidney failure are getting more and more common by the day. There was a time when poor health was only associated with older people. But with a rise in pollution and dependence on packaged food and drinks, immunity levels are dropping across age groups. Irrespective of your age, a health condition can strike at any time pre-and. Even a couple of days of hospitalisation can cause a significant blow to your savings. Therefore, having a health insurance policy in India is more important than ever. It safeguards you from the expenditure of an ailment and offers you the peace of mind to carry on with your life without worrying about health care costs.
The uses of health insurance are many. They can help to cover a number of costs and provide monetary flexibility in urgent times. Here are some general benefits medical insurance in India.