Health insurance is protection against medical costs. Non-life insurance companies offer health insurance. However, it can be bought as an additional benefit rider with your life insurance policy but has some limitations.
Depending on your policy, your premium may be payable either in a lump sum or in installments. Health insurance usually provides either direct payment or reimbursement for expenses associated with illnesses and injuries. There are many companies that also provide the best support coordination services.
The cost and range of protection provided by your health insurance will depend on your insurance provider and the particular policy you purchase.
Think for a moment about the enormous medical costs that you would incur if you suffered a major injury tomorrow or were suddenly stricken with a life-threatening illness. Uninsured people live with such risk every day of their lives; health insurance can shield you from that risk.
Even if you're healthy today and have never had any major problems in the past, you simply can't predict the future. In the case of a medical emergency, the cost of a hospital room, the doctor's fees, medicines, and related health services can work out to be a huge sum.
In such times, health insurance provides much-needed financial relief. To put it simply, health insurance provides coverage for medical costs incurred from illnesses or injuries.