BANKING AFFAIRS

Detailed explanation-1: -Health insurance is an insurance product which covers medical and surgical expenses of an insured individual. It reimburses the expenses incurred due to illness or injury or pays the care provider of the insured individual directly.

Detailed explanation-2: -Health insurance is a type of insurance that covers medical expenses that arise due to an illness. These expenses could be related to hospitalisation costs, cost of medicines or doctor consultation fees.

Detailed explanation-3: -Health Insurance Policies or medical insurance is your friend in need, it comes with a plethora of benefits to safeguard you from spiraling medical expenses. Be it a minor day care procedure or in-patient treatments, Health insurance plan will cover medical expenses and keep the financial stress at bay.

Detailed explanation-4: -Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance.

Detailed explanation-5: -Health insurance encompasses two types-Indemnity Plans and Definite Benefit Plans. The indemnity plans are traditional health covers that cover hospitalization costs from the sum assured. Definite benefit plans offer lump-sum payments on the detection of illness. For those who are suffering from critical diseases.