Importance of Health Insurance

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Importance of Health Insurance
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What is Health Insurance?

• Today, having health insurance is a requirement.
  The first thing a hospital
• will inquire about when you have to be admitted
  due to an accident or
• illness is your health insurance. Now that we
  know what health insurance is, why is it so
  crucial?
• A form of insurance product known as health
  insurance pays for the
• insured's hospitalization-related medical and
  surgical costs. These
• expenditures include the price of prescription
  drugs, hospitalization, and
• medical visits. Hospitals and other top providers
  of healthcare have
• partnerships with the importance of health
  insurance firms, enabling
• insured people to receive care without paying for
  it. If the insurance
• provider and the insurance company are not
  affiliated, the insurance
• company reimburses the insured for the costs.
  Although the employer
• frequently contributes to the cost of health
  insurance premiums, you can also buy one on your
  own. Health insurance benefits are tax-free

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Types of Health Insurance

• Individual Health Insurance It pays for the
  person who has purchased the policy's medical
  costs. According to the insured's age and
  health, the premium is calculated.
• Family Health Insurance Plan Everyone in the
  family may be covered under one policy under this
  one. The plan provides a fixed sum assured for
  the family members that may be accessed by either
  one person or the entire family.
• Senior Citizen Health insurance Plan This is
  intended for seniors or anyone who are over 60
  years old.
• Surgery and Critical Illness Insurance Plan This
  policy is appropriate for a person who needs
  medical care for a serious condition, such as
  cancer, paralysis, a heart attack, kidney
  failure, etc. Due to the high cost of these
  diseases' treatments, the premiums for these
  policies are typically substantial.
• Maternity Health Insurance Plan The expenditures
  of prenatal and postoperative care as well as the
  newborn's delivery are covered by this plan.
  According to the plan, the policy will cover
  infant charges up to a specific time period.
• Personal Accident Plan In the event of an
  accident, it pays hospital bills. The premium is
  based on the level of coverage chosen.
• Unit Linked Health Plan These insurance products
  provide a special synergy of savings and
  insurance. They aid in creating a corpus that
  can be utilized to pay for expenses that the
  insurance policy does not cover.

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Thank You