With the ever increasing healthcare expenses and with the ever rising cases of diseases and illnesses, health insurance has become an absolute necessity. It acts as a financial backup at times of all medical emergencies and uncertainties in life. It is always advisable to buy a health insurance at a younger age for the simple reason that the premium will be so low.

A health insurance plan offers comprehensive medical coverage against hospitalization charges, pre-hospitalization charges, post-hospitalization charges, ambulance expenses, etc. Additionally, it offers compensation in case of loss of income as a result of an accident.