ALL >> Insurance >> View Article
The Importance Of Health Insurance
Health insurance is an agreement whereby the insurance company agrees to undertake a guarantee of compensation for medical expenses in case the insured falls ill or meets with an accident that leads to hospitalization of the insured.
No one plans to get sick or hurt, but most people need medical care at some point. Health insurance covers these costs and offers many other important benefits.
Buying a health insurance policy for yourself and your family is important because medical care is expensive, especially in the private sector. Hospitalization can burn a hole in your pocket and your finances. It will become even tough, if the person who brings in the money, is now in a hospital bed. All this can be avoided by just paying a small annual premium which would lessen your stress in case of medical emergencies. A good health insurance policy would usually cover expenses made towards doctor consultation fees, costs towards medical tests, ambulance charges, hospitalization costs, and even post-hospitalization recovery costs to a certain extent.
Health insurance provides important financial protection in case ...
... you have a serious accident or sickness.
People without health coverage are exposed to these costs. This can sometimes lead people without coverage into deep debt.
It’s easy to underestimate how much medical care can cost:
The average cost of a 3-day hospital stay is around 30,000 Rupees
Comprehensive cancer care can cost lakhs of Rupees
Having health coverage can help protect you from high, unexpected costs like these.
Add Comment
Insurance Articles
1. An Insight Into The Appearances Of Oboe In Popular MediaAuthor: musicinstrumentsins
2. Need Insurance For Appraisers In The Evolving Online Domain
Author: victor12johnson
3. A Step-by-step Guide To Using A Car Insurance Calculator For Your New Vehicle
Author: Stephan Rose
4. Jobless Rate Increases To 6.2% In May: Are Further Rate Cuts Ahead?
Author: theleadersglobe
5. The World Musical Instruments: The Family Members And Their Significance
Author: micheljordan4
6. 5 Celebrated Clarinet Composers And Pieces
Author: musicinstrumentsins
7. Documents Required For Car Insurance Online
Author: QuickInsure
8. Meet The Member Of The Brass Instrument Family
Author: victor12johnson
9. The Important Components Of The Orchestra Family
Author: micheljordan4
10. Best Car Insurance Brokers In Uae: Harnessing Insurtech For Optimal Solutions
Author: Stephan Rose
11. The Social And Cultural Significance Of Horn Instrument
Author: musicinstrumentsins
12. How Can You Sell Insurance Policies In India?
Author: Rakesh Kumar
13. Comprehensive Guide To Mahindra Bolero Insurance Prices
Author: policydigit
14. Frequently Asked Questions About Music Insurance Company
Author: victor12johnson
15. The Future Of String Instruments In A Gist
Author: micheljordan4