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What is the purpose of health insurance.
Health insurance vs life insurance. The difference between life insurance and health insurance is that in life insurance both survival and death benefits are provided to the policyholder. There is no life cover meaning there is no payout on death. Health insurance covers a portion of medical expenses and doctor s visits while life insurance pays out.
So it s not about health insurance or life insurance. Health insurance aims at covering the actual cost towards treating illnesses medical conditions subject to the sum assured. Why would you want to compromise at all.
There is always some money to be found for important things like buying life insurance and health insurance together. And why should it be.
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