Health insurance is an insurance plan that offers financial coverage for medical expenses when the policyholder is hospitalized. Health insurance plans cover the insured with multiple benefits such as cashless hospitalization, day-care facility, etc. or provide coverage for reimbursement of the incurred expenses.
What is a Health Insurance Policy?
A health insurance policy is a contract between the insurer and policyholder in which insurance company provides financial coverage for medical expenses incurred by the insured. A health policy provides benefit of reimbursement of medical expenses or cashless treatment mentioned in the health policy.
Apart from the medical coverage, a Health Insurance Policy also offers tax under section 80D of the Income Tax Act, 1961.
Medical expenses are sky-rocketing! Get health insurance plans for your medical outlay. With a cashless facility, stay tension-free. Approved by IRDAI, Policy Bazaar helps you compare and find the best health plan.
- Individual Health Insurance