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One of the most pertinent benefits of health insurance policy is that it covers expenses for hospitalization, whether it is for accidental injury or illness.
When an individual takes treatment at a hospital, there are a series of visits by doctors along with the diagnostic tests that are required to be done for you before you get treated as well as after. These expenses are considered by certain health covers.
Health insurance plans are designed to primarily take care of financial stress in case of medical emergency. However, insurers also want people with good health in their portfolio.
While an individual pays the insurance premium for a health insurance, there is an immediate financial benefit in the form of income tax rebates on premiums paid by an individual.
Health insurance today is available for all life stages. An individual can combine the base hospitalization cover with a top-up health insurance cover to manage the cost of insurance and still get reasonably large protection for medical emergencies.
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