What is health insurance?
We live in a time where the number of health threats is relentlessly increasing each day. A significant health emergency can burn a massive hole in a person's pocket and, most probably, exceed the amount of savings. In such a situation, the importance of health insurance has become unavoidable. No one wants to depend on someone else to meet the healthcare expenses in a time of crisis. Hence, there is a growing need to stay financially prepared for such circumstances as early as possible. Before you make the required decision, it is essential to understand why health insurance is important in detail. A variety of factors contribute to the importance of health insurance in India. Let's discuss the need for health insurance and how it gives you the necessary financial security. What is Health Insurance For understanding the importance of health insurance, you must know how it works. When you purchase a health insurance plan, an agreement binds the insurer to e...