Health Insurance is an insurance product that covers the whole or part of the risk of person incurring medical expenses. Health Insurance is estimated by the overall risk of health care and health system expenses over the risk pool To provide the money to pay for health care benefits specified in the insurance agreement, a routine finance structure can be developed.
Importance of Health Insurance
For every individual in India, These days health insurance has become a necessity. It provides risk coverage against expenditure which is caused by unforeseen medical emergencies. Today, failing to hold an adequate health cover can prove costly financially when the medical inflation rates are so high. However, the awareness about health insurance is on the rise in urban India