Health insurance is an insurance product which covers medical and surgical expenses of an insured individual. It reimburses the expenses incurred due to illness or injury or pays the care provider of the insured individual directly.

Health insurance covers cost of an insured individual's medical and surgical expenses. Subject to the terms of insurance coverage, either the insured pays costs out-of-pocket and is subsequently reimbursed or the insurance company reimburses costs directly.

If you are insured, you can get cashless treatments as your insurance company would work in collaboration with various hospital networks.

Insurance policy also covers pre and post hospitalization charges up to the period of 60 days, depending on the insurance plans purchased.

Insurance policy also covers the amount paid to ambulance towards the transportation of insured.

This is the bonus element which is paid to the insured if the insured does not file a claim for any treatment in the previous year.

Insurance policy also provide options for health checkups. Free health checkup is also provided by some insurers based on your previous NCBs.

Insurance policy also covers room expenses depending on the premium being paid by the insured.

Premium paid on Health Insurance is tax deductible under section 80D of the Income Tax Act.