1. What Is Health Insurance?

Health insurance is a policy that covers medical expenses arising from illnesses, injuries, or hospitalization.
You pay a premium, and the insurer pays (or reimburses) your hospital bills, treatment costs, surgeries, and sometimes even preventive care.

2. Why You Need Health Insurance

✔ Protects Against High Medical Costs – Hospital bills can be financially overwhelming; insurance covers them.
✔ Cashless Hospitalization – Treatment without paying upfront at network hospitals.
✔ Covers Critical Illnesses – Special plans pay a lump sum if diagnosed with major diseases.
✔ Helps Save Savings – Prevents you from using your savings or going into debt.
✔ Offers Preventive Care – Some plans include health checkups and wellness benefits.
✔ Rising Medical Inflation – Healthcare costs increase every year; insurance cushions the impact.

3. Types of Health Insurance

a) Individual Health Insurance

• Covers a single person

• Ideal for individuals needing personal coverage

b) Family Floater Health Insurance

• One plan covers the entire family

• Sum assured is shared among all members

c) Critical Illness Insurance

• Pays a lump sum on diagnosis of major diseases like cancer, heart attack, stroke

d) Senior Citizen Health Insurance

• Tailored coverage for older adults

• Includes age-related diseases and higher medical risk

e) Group Health Insurance

• Employer-provided coverage for employees

• Lower premiums and immediate coverage

f) Maternity Health Insurance

• Covers maternity, delivery, and newborn care

g) Top-Up & Super Top-Up Plans

• Additional coverage when your base sum insured is exhausted

• Cost-effective way to increase coverage