What is Health Insurance? — Meaning, Definition & Example
Definition
Health insurance covers medical expenses including hospitalization, surgery, medication, and diagnostic tests. Section 80D allows deduction of premium paid — up to ₹25,000 for self/family and ₹50,000 for senior citizen parents. Key features include cashless treatment, no-claim bonus, and pre-existing disease coverage.
A family floater health insurance of ₹10 lakh for a family of 4 costs approximately ₹15,000-25,000 annually, and a single hospitalization can easily cost ₹3-5 lakh.
🇮🇳 Health Insurance in Hindi / हिंदी में
स्वास्थ्य बीमा — स्वास्थ्य बीमा अस्पताल में भर्ती, सर्जरी, दवाई और जांच सहित चिकित्सा खर्चों को कवर करता है। धारा 80D के तहत प्रीमियम पर कटौती मिलती है।
Health Insurance (Hinglish) — Health insurance medical expenses cover karta hai — hospitalization, surgery, medicines, diagnostic tests. Section 80D ke under premium pe tax deduction milta hai.