“Financial protection against the health care costs arising from disease or accidental bodily injury. Such insurance usually covers all or part of the costs of treating the disease or injury. Insurance may be obtained on either an individual or a group basis.”
Source: Hsiao, W. et al. 1997. "Glossary" in: Financing health care : issues and options for China (English). Washington, DC : The World Bank. <http://documents.worldbank.org/curated/en/793551468746816919/pdf/multi0page.pdf>. Accessed 12 June 2020.