Among Insurance products, HEALTH INSURANCE has emerged as the most popular product. The skyrocketing cost of medical treatment has made it most sought-after product. The cost of treatment has been increasing by 17% pa which is much higher than the rate of inflation.
Health Insurance protects the expenditure incurred on unforeseen diseases, accidents, Critical Illness, etc. It covers expenditures like Hospitalization, Day-care, Domiciliary treatment, operation charges, Ambulance charges, etc.
The health insurance policy is also popularly known as Mediclaim Policy.