Friday, July 10, 2015

Health Insurance

Health insurance is insurance against the risk of incurring medical expenses. By estimating the overall risk of health care and health system expenses, among a targeted group, an insurer can develop a routine finance structure. And this can ensure that money is available to pay for the health care benefits specified in the insurance agreement. 
Health insurance is defined as "coverage that provides for the payments of benefits as a result of sickness or injury. Includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment"
Health insurance in India is a growing segment of India's economy.  Policies are available that offer both individual and family cover. Health insurance in India typically pays for only inpatient hospitalization and for treatment at hospitals in India. Outpatient services were not payable under health policies in India. The first health policies in India were Mediclaim Policies

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