Health insurance

Health insurance provides financial protection against the costs of hospitalization or treatment for sickness. It is an agreement between the policyholder and the insurance company. The firm or insurer agrees to pay the policyholder (the insured) the sum insured or coverage amount to cover medical expenses. The insured must pay a specified amount of money in the form of a premium to receive this benefit. However, health insurance does not cover all types of scenarios and cases. These are referred to as exclusions.

Medical emergencies can occur at any time and to anyone. To make matters worse, growing medical bills have the potential to dig a hole in your wallet. Being prepared by acquiring a health insurance plan is one method to overcome such obstacles. This insurance helps alleviate financial concerns by covering the costs of acute sickness treatment, hospitalization, and other such charges.