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It will protect you from any unforeseen medical emergencies, such as hospitalization due to accident or illness that may create a financial burden. A health insurance policy is a contract between the insurance company and the policyholder, wherein the insurer pays for the medical expenses incurred by the life insured.the insurer will either provide a reimbursement for your medical expenses or ensure you are eligible for cashless treatment for injuries or illnesses covered under the policy at one of the network hospitals. A health insurance policy is a type of insurance that provides financial coverage for surgical and medical expenses when the insured is hospitalized. This way, it is a great tool for financial planning.
In the event of hospitalisation or medical need, your health insurance cover will offer either cashless services or reimburse the admissible expenses to you.
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