Importance of Health Insurance
                     Importance of Health Insurance
A type of insurance that covers all or a portion of the risk of a 
person needing medical care is known as health insurance or 
medical insurance (sometimes referred to as medical aid in 
South Africa). Like with other types of insurance, risk is shared 
among several persons. An insurer can create a standard 
finance structure, like a monthly premium or payroll tax, to 
raise the funds necessary to pay for the medical benefits 
stated in the insurance agreement by assessing the entire 
risk of health risk and health system expenses over the risk 
pool.
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Health
 In
A medical insurance policy, also 
called as health insurance, covers 
medical expenses for illnesses or 
injuries.
A health insurance policy keeps 
you protected against a number of 
disorders. Also, it helps you 
improve tax savings.
Benefits of Health Insurance 
Here is a list of benefits anPy gloaod nhe?alth insurance plan 
should offer you:
● Protection against a large number of critical illnesses
● Flexibility to choose your health cover
● Even if your health condition changes during the policy's 
term, there won't be a premium increase.
● Large hospital network for easy access to medical care 
Long policy term that covers you even in old age.
Types of Health Insurance