Explain Like I am 5: Key differences between life and health insurance
Updated: 17 Mar 2022, 11:11 PM IST
TL;DR.While health insurance covers medical expenses, especially in case of hospitalisation, life insurance is meant to give financial support to the dependents in the case of the death of an insured. Let us explore more on this.
Health insurance covers medical expenses whereas, life insurance can assist your family in reducing their financial burden in the event of your unexpected death.