Health Insurance is a type of insurance that covers medical expenses that arise due to an illness. These expenses could be related to hospitalization costs, cost of medicines or doctor consultation fees. Health Insurance is a contract between the Insurance company and an individual, where a person needs to pay an annual premium for the sum assured for the likely medical costs and all the hospitalization. Health emergencies are never informed, but when it comes then it makes a person to spend lot of money on it. When you have Health Insurance cover you do not get worried as you can easily claim that with Health Insurance Plans.