Health Insurance — Medical
Medical health insurance is a contract where an insurer agrees to cover a portion or all of an individual's medical expenses in exchange for a premium payment. It serves as a financial safety net against high healthcare costs, providing access to necessary treatments without immediate out-of-pocket burdens. Key Benefits
: Provides a lump sum payment upon the diagnosis of specific life-threatening diseases. Important Considerations Medical Health Insurance
: A single policy that covers the entire family under one sum insured. Medical health insurance is a contract where an
: New policies often have a waiting period (e.g., 2–4 years) before covering pre-existing conditions. Important Considerations : A single policy that covers
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