How it protects you from health and financial risks.
Opting for a Health Insurance policy protects your savings from getting depleted for medical treatments. Medical emergencies are unpredictable, and with rising medical costs, quality treatment can get very expensive.
Most insurance policies have a cashless treatment, where the insurance company directly settles bills with the hospital. In such types of policies, there is a network of hospitals where the insured can get treated.
Buying individual Health Insurance policies can get expensive. But most insurance companies provide family floater plans where policies and their benefits are clubbed together.