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  A few years ago, there was a common misconception that family health insurance is a type of luxury that only the rich can afford. However, this perception is now changing due to many reasons, such as inflation, rising hospitalization expenses, and the growth of the middle class. There is no doubt that individual health insurance is considered important across the globe. Today, homemakers and working professionals are looking for insurance policies that can cover their expenses related to critical illnesses, lifestyle disorders, health conditions, and diseases just to name a few. In this article, we are going to talk about five convincing reasons that explain the importance of health insurance for people, regardless of their age, gender, profession, or social status. Read on to know more. Financial Protection First of all, the policy provides financial protection. It can cover your medical expenses when you get injured or fall sick. In these situations, you won't have to pay your