Health Insurance covers medical expenses arising from illness, injury, or accidents. It helps reduce the burden of rising healthcare costs by offering financial assistance for hospitalization, surgeries, doctor consultations, diagnostic tests, and medicines. Modern health plans also include pre- and post-hospitalization expenses, daycare treatments, and preventive health checkups.
Many insurers provide cashless treatment facilities at network hospitals, eliminating the need to pay upfront. Family floater plans cover all members under a single sum insured, while individual plans cater to specific needs. Health policies can also be enhanced with add-ons like maternity cover, critical illness, or personal accident coverage. In addition, premiums paid are eligible for tax deductions under Section 80D.