What is a Health Insurance?

A brief guide

Health Insurance, otherwise known as Private Medical Insurance is a vital financial tool that provides individuals and families with access to quality medical care while safeguarding them from exorbitant healthcare expenses.

It is a contract between an individual and an insurance company, wherein the policyholder pays regular premiums in exchange for coverage of a wide range of medical services.

Health insurance typically includes benefits such as doctor visits, hospital stays, prescription medications, preventive care, and specialised treatments.

By offering financial protection and enabling timely medical attention, health insurance ensures that individuals can prioritise their well-being without the fear of financial strain.

It acts as a safety net, empowering people to seek necessary healthcare services and promoting a healthier and more secure future for themselves and their loved ones

 

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