Insurance is a means of protection from loss similarly Medical insurance allows you covers the whole or a part of the risk of a person incurring medical expenses. It protects you from high expenses that occur during the time of medical treatment. An entity which provides insurance is known as an insurer which is the insurance company. A person or entity who buys insurance is known as the policyholder.It is a contract between you and your insurance company. You buy a plan or policy, and the company agrees to pay part of your expenses when you need medical care. Best health insurance at young age tends to increase with age – the respective premium increases with the age proportionally. All the medical conditions for which you may be diagnosed are covered over this policy. There is no break in the policy. The treatment in each no claim year would fetch you an increase in your sum insured amount at no extra cost. This no claim bonus varies from company to company. But following are some standard exclusion properties too
Expenses due to self-inflicted injury such as suicide or attempted suicidal cases. Expenses arising out of or attributable to alcohol or drug use/misuse/abuse. Medical expenses incurred for treatment of AIDS. Congenital disease. Tests and treatment relating to infertility and in fertilization. War, riot, strike, nuclear weapons induced hospitalization. Health insurance comes with exclusions but way better inclusions too. Some health insurance plans offer free disease treatment and also reduced rate of generic medicines. In case you face any health issues without these health insurances huge amount of money can be grasped from you. These plans also provide coverage to pregnancy, newborn care and maternity. Health insurance helps safeguard you & your family against financial risks arising out of a medical emergency.In such circumstances, health insurance comes to your rescue. It is a means to shield you against unforeseen financial medical urgency due to illness or injury. Health insurance companies take up all the hassle you face during your treatment so that you stay relaxed and attain a worry free recovery.So get your health insurance as soon as possible.