Categories: Health

Reasons Why You Must Have Health Insurance

Nobody intends to become ill, however the vast majority need restorative consideration eventually. Medical coverage takes care of these expenses and offers many other important benefits. Medical coverage shields you from unforeseen, high therapeutic expenses. You pay less for covered in-network health care, even before you meet your deductible.

What is Health Insurance?

Health insurance is an agreement whereby insurance company agrees to undertake a guarantee of compensation for medical expenses in case the insured falls ill or meets with an accident which leads to hospitalization of the insured.

Every one should design a long time before he/she is set to enter the lovely period of his life for example retirement. Since when you arrive at the period of retirement, your health starts deteriorating. Old age makes you prone to hospitalization and hospital bills are very expensive. If you have adequate health insurance,you don’t need to stress over anything as your hospitalization needs will be taken consideration by your health insurance.

How to Select the Right Insurance Policy

It’s difficult to select the best insurance policies as all insurance company provides a similar type of insurance plan. Hence some of the important points that any Person should look before purchasing any plans are:

  1. Sum Assured
  2. Minimum Entry Age and renewability clause
  3. Inclusion and Exclusion
  4. No Claim Bonus

Types of Health Insurance

  1. Individual Health Insurance
  2. Family Health Insurance
  3. Senior Citizen Health insurance
  4. Surgery and Critical Illness Insurance
  5. Maternity Health Insurance
  6. Personal Accident Insurance

Health insurance provides people with a much needed financial backup at times of medical emergencies.


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