Avail Cashless Hospitalization Benefits with Basic Health Insurance Policy Having health insurance is a must because even a day of hospitalization can result in heavy expenses. Rising medical costs makes it imperative for every family to take it. It is the only means of coping with sudden medical expenses which can affect the family severely. It is also a solace when you are emotionally distraught with injury or illness as it takes financial burden off your shoulders. Health insurance is available for every age group and furthermore, till you are 55. There is no need to take any medical tests to avail it. You can opt for a basic policy that gives a minimal payout in the event of a health problem, to policies that give a large compensation for severe situations such as loss of life, permanent disability. Various types of medical costs are covered by it such as hospitalization, routine check-up, day care procedures and much more. The compensation takes away the financial burdens of medical bills which can shoot up easily even for a small treatment.