The necessary insurance

While life insurance isn't meant for everyone, there is one type of insurance which we all must buy: health insurance. Medical emergencies can severely impact our financial goals. Health insurance usually provides either direct payment or reimbursement for the expenses associated with illness, injuries and hospitalisation, as detailed in the scope of the policy cover. The cost and range of protection provided by a health insurance policy depend on the insurer and the type of policy purchased by you. Some policies also cover pre- and post-hospitalisation expenses.

This article was originally published on August 12, 2021, and last updated on October 28, 2022.