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Healthcare costs in India are rising fast. A single hospital visit can wipe out your savings if you’re not insured. Yet, many people still delay buying health insurance or buy the wrong policy because they don’t understand how it works. This beginner-friendly guide will help you understand health insurance in India in 2026 —what it is, how it works, which plan to choose, how much it costs, and the biggest mistakes to avoid. What is Health Insurance? Health insurance is an agreement between you and an insurance company. You pay a yearly premium, and in return, the insurer helps cover your medical costs, such as: Hospital stays Surgeries Day-care treatments Pre- and post-hospitalization expenses Some plans also include OPD visits and medicines In simple terms, health insurance protects your hard-earned savings when a medical emergency occurs. Related guides: Term Insurance vs Life Insurance in India (2026): Which Is Better for You? A Step-by-Step Guide to Mutual Funds Why Health Insuran...

Choosing between Term Insurance and Life Insurance in India can be confusing for first-time buyers. While both provide life cover, they serve very different purposes. Term insurance focuses only on protection, while life insurance also offers savings or investment benefits. In this guide, we compare term insurance vs life insurance in India to help you understand their differences and pick the right option for your financial goals. What is Term Insurance? Term insurance is the most basic form of life insurance. It offers financial support to your family if you pass away during the policy term. If you survive the policy period, you will not receive a refund of money. Related guides for beginners: Buy Now, Pay Later (BNPL) in India – Pros, Cons & Risks Key Features of Term Insurance: Affordable premiums with extensive coverage Protects your family’s financial future No maturity benefits if you outlive the policy Suitable for first-time buyers and working professionals Eligible ...