WHAT IS HEALTH INSURANCE?
Health insurance is a type of insurance coverage that covers the cost of an insured individual’s medical and surgical expenses. Depending on the type of health insurance coverage, either the insured pays costs out-of-pocket and is then reimbursed, or the insurer makes payments directly to the provider. In other words, health insurance is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care and health system expenses, among a targeted group
Broadly speaking there are two types of health insurance:
- Private health insurance
- Public (government) health insurance
The benefits of health insurance
No one plans to get sick or hurt, but most people need medical care. Like a doctor visit, a prescription drug, a lab test, physical therapy, or counseling – at some point. These services can be expensive.
And if something happens that requires surgery or emergency medical care, it’s really important to have coverage. Also, Fixing a broken leg can cost up to Rs.7,500, and the average cost of a 3-day hospital stay is around Rs. 30,000.
The Health Insurance India offers a variety of high-quality health coverage choices for routine. Also for non-routine medical services that can work for your family and budget.