What is Health Insurance?

It refers to a contract between the insurance company and the person insured wherein the insurance company takes the responsibility to compensate for the medical expenses related to illness and accidents.

The rising importance of Health insurance

The level of health care spending in India is currently over 6 percent of its total GDP. This is considerably higher than that in many other developing countries. The rising medical expenses especially in the private sector make it very essential to buy health insurance for yourself and your family.

Key benefits of Health insurance

• Free coverage of healthcare expenses
• Pre and post hospitalization cost coverage
• No claim bonus (NCB)
• Free medical check-up
• Tax benefits under section 80D
• Donor expenses