Manjeet Singh

Health insurance can be defined as the contract between the insurer and the person who wants to buy the insurance. Health insurance is the insurance which will save the individual from the risk of unwanted accident or serious ill health. Health insurance helps in avoiding individuals from paying the lengthy bills of hospital. Once the person purchases the health insurance, he becomes carefree regarding his bills for poor health rather he can spend his quality time in doing the work, which is much more important than this. In case of health insurance in India, the insurer estimates almost all the risk the expenses related to health care. Once the person chooses the health insurance plan in India, insurer makes sure that he fixes a particular financial structure for the individual in terms of monthly premium or payroll tax. Individual who buys the health insurance should make sure that he pays the monthly premium on time so that in case of unavoidable illness or accident can avail the health benefit of the health insurance on time.