Health insurance is a contract between the insurance company and the policyholder, to compensate for medical expenses. Health insurance is an absolute requirement that cannot be overlooked. It is difficult to miss financial protection when considering the various benefits it provides.

Health insurance is no longer a luxury item, it is a need. A few years ago, health insurance was only obtained by a select few, now with the rising prices of medical treatments and hospitalisation bills, it is now required for everyone.

Health insurance is important for everyone these days. With hospital and medical costs rising, it is important that everyone has adequate health insurance. If you're still not sure why you need health insurance, here are some reasons why.