According to surveys, it has been proven that the death rate of those who are suffering from chronic diseases and are uninsured is 25% higher than their insured counterparts. Today, countless people are opting for health insurance in India not to mention the trend already getting popular in most of the countries in the world. This is the absolute way to get financial security in case you or any of your family members face any health inconveniences. Health insurance in India can be costly, but not having one can be yet costlier. If you consider the amount you pay your health care provider for each visit, you will see that your out of pocket cost per year is in thousands of rupees. Now if you also consider an injury suffered in a major accident or being struck with some illness, it could drain your savings completely. The best bet is to have a personal accident insurance plan and a health insurance plan. There are numerous companies offering health insurance in India. Choose the one that is the best.

Health insurance or a medical insurance provides coverage for hospital expenses, surgical costs, hospital stays, emergency, prescription costs, mental as well as dental health coverage, and other medical costs which might occur. Policies vary in what they will cover, the deductibles, and the co-pays. A premium is required to be paid by the insured on a monthly or quarterly basis, which is extremely less than what the insured will have to pay out of his pocket in times of need. In short, heath insurance or a personal accident insurance will protect you from financial ruin if any.

Many people purchase medical insurance without a personal accident insurance policy, but actually without this policy your protection may not be enough. Personal accident insurance, like other kinds of insurance, is a kind of collectivism by way of which people collectively pool their risk; in this case, risk of getting rid of the big medical expenses during the event of an accident. Personal accident policies cover all uncertainties like death, permanent partial disability, temporary total disability, disablement leading to loss of earning capacity, etc. in the event of an accident. There is no denying truth that any person can be a victim of a personal accident and the financial after effects could, in turn, be enormous. But fortunately, there are inexpensive personal accident plans available in the market.