Health Insurance

Health insurance is a type of insurance coverage that typically pays for medical, surgical, prescription drug and sometimes dental expenses incurred by the insured. Health insurance can reimburse the insured for expenses incurred from illness or injury or pay the care provider directly. It is often included in employer benefit packages as a means of enticing quality employees, with premiums partially covered by the employer but often also deducted from employee pay checks. The cost of health insurance premiums is deductible to the payer, and the benefits received are tax-free.

Need for Health Insurance

Health insurance provides financial protection in case you have a serious accident or illness. A proper health coverage can help protect you from high, unexpected costs. Also, Family is the most important asset that you have, and your family also depends on you for financial support. Therefore, it is important to make sure that you and your family are completely secure to face any emergency.

When a friend, relative, or colleague first introduces you to health insurance, it is very easy to assume that it is an unnecessary expense. But look deeper, and you will see that health policies are one of the best ways to keep your health secured and protect yourself against the rising healthcare costs.

4. A host of Riders to Choose From
Many of the insurance providers now also offer different types of riders such as critical illness coverage, accident cover, maternity cover, and more. While these riders do slightly increase the policy premium, they significantly enhance the scope of your policy and offer added benefits.

5. Additional Advantages
There are also several additional health insurance benefits. For instance, many of the plans come with features like cashless claims, ambulance coverage, pre/post hospitalisation coverage, NCB (No Claim Bonus), and more. Combined with the reasons listed above, these additional benefits further increase the importance of health insurance.
Your health is your only true wealth, and health insurance is one of the best ways to keep it protected. Look for a reputed insurance provider and discuss your requirements to select a plan that is highly affordable and offers maximum features and benefits.