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Official Description

Like other forms of insurance, is a form of collectivism by means of which people collectively pool their risk, in this case the risk of incurring medical expenses.

Health Insurance Glossary provides you a comprehensive list of health insurance related terminologies and its short description/meaning which helps you in understanding it in better way.

In our today's hectic and busy life Insurance is very important as there is lot of risk associated with all activities we do for our survival. Health Insurance is a insurance against loss due to ill health.