Health insurance is a financial safety net that helps you pay for medical expenses. It’s a contract between you and an insurance company. Health insurance can help you avoid a huge financial burden if you have a major medical expense.

Health insurance policy is important because medical bills can be very expensive. With rising healthcare costs, an unexpected illness or accident could wipe out your savings. Health insurance acts as a shield, covering a significant portion of these costs.

Health insurance works like a financial safety net. You pay a regular premium to the insurance company. If you need medical care, the insurance company pays a portion of the costs, depending on your plan. You might have a network of hospitals with cashless treatment, where the insurer settles the bill directly. Otherwise, you pay upfront and get reimbursed later. It helps manage the financial risk of unexpected medical expenses.

Choosing the right health insurance requires planning. Consider your health needs, medications, and family coverage. Then, compare plans based on in-network providers, covered conditions, deductibles, and claim settlement ratios. Don’t skip the fine print – exclusions and waiting periods matter! By planning and comparing, you’ll find affordable coverage that protects you financially.

• Your health needs: Consider pre-existing conditions, medications, and potential future needs.
• Network coverage: Choose a plan with hospitals and doctors you prefer in Bangalore.
• Coverage details: Understand what procedures and illnesses are covered.
• Cost: Compare deductibles (out-of-pocket cost) and premiums (monthly payments).
• Claim settlement ratio: Look for insurers with a good record of paying claims in Bangalore.