Medical insurance is also the type of insurance. This type of insurance is done to get the medical treatment in the old age, because there is possibility that they can not earn the money in the old age. Medical insurance is the way of protecting the life in the future.

Medical insurance pays the costs of hospitalization and physicians' fees for insured individuals who are injured or become ill. It is unlike medical payment liability insurance in that the place where an injury occurs or an illness begins is not involved. Coverage usually includes emergency treatment, surgery, long-term care, and sometimes dental and vision care.
Medical insurance plays according to share-the-risk rules. The premiums paid by those people who remain healthy provide the money to treat those who are ill. The cost of individual health insurance is very high, and many individuals do not purchase this insurance for themselves. Most medical insurance is purchased in group policies by employers for their employees. Employees may contribute to the premium, or they may receive the insurance as an extra benefit