Health insurance is one of the least understood concepts in India. Ordinary people still refrain from buying family health coverage due to a common belief that insurance companies do not pay out claims easily. Many others fear that claim settlement is tedious, and believe insurance providers are solely focused on earning high premiums by making unrealistic promises.
But are these fears valid? Of course not! Such misconceptions arise due to a significant anomaly in the healthcare industry, namely, the information gap.
