Business Studies

Health Insurance is a safeguard against rising medical costs. 


ANSWER

True


SOLUTION
Health Insurance is a safeguard against rising medical costs- this is a true statement. Health insurance can be defined as a policy which is designed to provide coverage to costs which occur due to medical care. It helps to provide financial protection in case of hospitalization of the insured.
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TRUE/FALSE Medium Published on 18th 08, 2020
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