Difference between Health Insurance and Life Insurance?

[AsB]

What is the difference between Health Insurance and Life Insurance?

And which one should I prefer right now?

 

[dhshankar]

A simple search in google would be answering your question related to differences between both of them

Extract from Google, if you search for it

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Health insurance is designed to pay for medical treatment, drugs, and preventative check-ups for you and others covered under your plan.
Life insurance provides a cash sum to your loved ones if you die during the length of the policy
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If you are asking which one to prefer -then it depends on your preference between health or life.

Since both are important - it is important cover them both under insurance

If you already have health insurance covered (as a dependent from your parents coverage or a standard govt policy ) - then you can go with Life insurance. The life insurance is very important for an individual, when they are only one income earner for a family.

Note : In terms of life insurances , I personally to go with term plans rather endowment plans

 

[akshayhs]

Ideally you should have both and not ignore both of them.

 

[AsB]

A simple search in google would be answering your question related to differences between both of them

Extract from Google, if you search for it

-------------------------------------------------------------------------------------
Health insurance is designed to pay for medical treatment, drugs, and preventative check-ups for you and others covered under your plan.
Life insurance provides a cash sum to your loved ones if you die during the length of the policy
--------------------------------------------------------------------------------------

If you are asking which one to prefer -then it depends on your preference between health or life.

Since both are important - it is important cover them both under insurance

If you already have health insurance covered (as a dependent from your parents coverage or a standard govt policy ) - then you can go with Life insurance. The life insurance is very important for an individual, when they are only one income earner for a family.

Note : In terms of life insurances , I personally to go with term plans rather endowment plans

I already know that, but it is better to ask someone with experience, rather than Googling.

 

[dhshankar]

I already know that, but it is better to ask someone with experience, rather than Googling.

Difference is something comes with definition and not by experience . Nevertheless, hope you got what you are looking for ..!!