As individuals, differences are inherent in each person. Each individual's insurance needs and requirements vary from those of others. Insurance plans are policies designed to cater to you individually, providing the most suitable options that fit your specific requirements.
Insurance is a valid contract between an insurance company (the insurer) and the policyholder (the insured) that is enforceable in court. The insurer commits to providing a certain amount of protection towards treatment expenses for illness or accidents in the hospital or daycare center to the insured. These treatment expenses can be claimed either through the cashless facility or the reimbursement process.