Health insurance is a policy that helps cover the cost of medical and surgical expenses for the insured person. In return for a regular premium paid to the insurer, the policy provides financial support for eligible healthcare needs. These typically include hospitalisation, surgeries, diagnostic tests, pre- and post-hospitalisation care, daycare procedures, and prescribed medicines, as defined in the policy terms.
The main purpose of health insurance is to reduce the financial burden of medical treatment. In India, even a single hospital stay can cost several lakh rupees, which can strain savings if paid entirely out of pocket. A health insurance policy ensures that such expenses are largely taken care of, allowing individuals and families to focus on recovery rather than costs.
Health insurance plans can be purchased online or through agents, and are available for individuals, families, and employee groups. With healthcare costs in India rising steadily by around 10% to 15% each year, having a health insurance policy is a sensible and necessary step for financial security at every stage of life.
