types of insurance

Joshua after graduating, started working as a civil engineer. But one fine day he fainted at a construction site due to a heat stroke.

He had to be admitted to a hospital where he stayed for three days. And the bill came out to be almost his one month's salary.

Fortunately, he had gotten a Medical Insurance as advised by his father. This way the bill didn't burn a hole in his pockets.

Health insurance is a contract where an insurance company provides medical coverage to the insured for a premium amount.

It covers medical expenses incurred on hospitalization, surgeries, day care procedures, etc. A health insurance policy either reimburses the medical costs or offers cashless treatment.

Benefits: – Cashless Treatment – Pre & post hospitalization expenses – Ambulance charges – Medical Check-up – Income Tax Deductions – Reimbursement of different tests

To learn more about the types and working of Insurance, Stay Connected.