Health insurance is coverage that pays for the insured's medical and surgical expenses arising from sickness or injury. It is an important tool considering the rise in health-related issues in today’s fast-paced world, increasing healthcare costs, and the financial security it offers during medical contingencies.

There are a variety of health insurance products available and not all products are suited for your needs. There are various factors you should consider before purchasing health insurance. Most policies offer the cashless facility at network hospitals, wherein the insurance company you’re your medical bills directly to the service provider. The other option is to get reimbursed for your out-of-pocket expenses after submitting the bills and related documents.

There are various exclusions to health insurance coverage that you should be aware of as well, such as pre-existing diseases, injury due to war, self-inflicted injury, and so on that are not covered. It is important to thoroughly understand the policy or consult an insurance expert before purchasing a plan that best suits you and your family’s needs.