Health insurance is very important for every individual. In India, someone seldom understands the concept and its true benefits. Find relevant information on health insurance here.

1. - Basic Information for Everyone

2. What is health insurance?

3.  Health insurance is mutual agreement between the insurer
and the insured.
 The insurer is your insurance company or the insurance
agent and insured is the one who buys the health policy.
 With health insurance, the insured gets a health cover or
medical expenses in case of unfortunate
accidents, hospitalization, etc.
 The medical coverage normally includes surgical
operations, hospital nursing care, fees, pathology
tests, hospital accommodation fees and some other
expenses like doctor consulting fees, regular check-ups.

4. Example for Health Insurance

5.  Mr. X buys mediclaim policy with Sum Assured equal to 4
lacs. In this case, the insurance company will pay the
insured medical expenses to a maximum amount of 4 lacs.
 If Mr. X buys a family health plan with Sum Assured equal
to 10 lacs. In case of events where Mr.X’s family member’s
are hospitalized, then insurance company will take up all
medical expenses up to limit of 10 lacs.
 To illustrate further, suppose Mr. X’s son and wife are
hospitalized. Their hospitalization expense comes to the
cost of 2 lac for his son and 5 lacs for wife, then for Mr. X
whole insurance amount will be covered up since he took
health plan of 10 lacs. Also, he will be left with 3 lacs to
cover expenses for further treatments.

6. Advantage of Health Insurance

7.  Comprehensive health coverage.
 Simple & Cost-Effective.
 With insurance in your pocket, one need not worry
about unexpected medical expenses.

8. Thank You