Health is wealth…………………………..

There is common saying health is wealth. For the prosperity of the family good physical, mental and as well social health is necessary. What is health Insurance? Health insurance is defined as "coverage that provides for the payments of benefits as a result of sickness or injury. It includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment" as per the contract  between an insurance provider (e.g. an insurance company or a government) and an individual or his/her sponsor (e.g. an employer or a community organization). The contract can be renewable (e.g. annually, monthly) or lifelong in the case of private insurance, or be mandatory for all citizens in the case of national plans.   Is it necessary? For any family it’s an absolute yes. For people in jobs, employee and her / his family is covered by employer (Private/Govt). Self employed person need to buy insurance on his own. While framing the financial planning