Health Insurance, often known as medical insurance, covers medical expenses that arise due to an illness, injury and/or accident. These medical costs include the cost of hospitalisation, pre and post hospitalisation, medications, implants, specialist fees, the cost of surgery, etc. By paying a nominal Premium, the insured gets access to a substantial Sum Insured that can be used in case of medical emergencies.
Here are the benefits of purchasing a Health Insurance policy:
Offers financial stability
Protects your loved ones
Gives access to the best medical treatment
Protects savings
It helps manage treatment expenses of lifestyle disorders
Tax benefits
Helps when your existing insurance coverage is inadequate