Term insurance vs health Insurance

Nalini Sharma27 Jan, 2022Finance

Everyone has different needs and goals when it comes to buying insurance coverage. Depending on your goals and priorities when it comes to investing your money in insurance coverage, you can choose between ?term insurance? and ?health insurance? plans. And sometimes, there can be situations when you will just need both. While term life insurance provides financial assistance to your designated dependents in the event of your death, medical insurance is meant to compensate any medical bills you may incur in the event of hospitalization and/or catastrophic diseases. This is always a tricky question which insurance is good for us either a life insurance or a health insurance. Read the Paybima article to know major differences between Term Life Insurance and Health Insurance Plan. Know the importance & objective of term insurance and health insurance.