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A health insurance plan is an agreement between a company and a consumer. In exchange for payment of a monthly premium, the company agrees to pay all or part of the insured person’s healthcare costs. The agreement is typically for one year, wherein the insurer is liable for paying particular expenses related to illness, injury, pregnancy, or preventative care. It is a type of insurance that covers all types of surgical costs as well as medical assistance incurred as a result of an injury or illness. It provides financial assistance to the policyholder by covering all medical expenses incurred while the policyholder is hospitalised for treatment. It also covers both pre and post-hospitalization expenses.
