ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cheaper medication
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You can go to any doctor you want
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Cheaper hospital bills
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Good in case you get sick or injured
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Detailed explanation-1: -A health insurance plan can offer you large financial coverage that can cover the costs of treatment in India as well as abroad. It also covers hospitalization costs, diagnosis costs, ambulance and medicine expenses, and provides the ease of instant payouts for greater financial flexibility.
Detailed explanation-2: -Health insurance policies cover hospitalisation, pre-and post-hospitalisation, daycare and home treatment expenses. You can also avail of financial coverage for expenses against diagnosis and tests suggested by the doctors.
Detailed explanation-3: -As a general rule, you should insure against things you wouldn’t be able to pay for on your own. This coverage protects against financial loss as the result of bodily injury, property damage, medical expenses, libel, slander, defending lawsuits, and settlement bonds or judgments.
Detailed explanation-4: -Provides Protection. Insurance coverage does reduce the impact of loss that one bears in perilous situations. Provides Certainty. Insurance coverage provides a feeling of assurance to the policyholders. Risk Sharing. Value of Risk. Capital Generation. Economic Growth. Saving Habits. 09-Nov-2022