5 Reasons to Buy Health Insurance Before 30

As a happy healthy twenty-something, you may think about getting health insurance or worrying about it is something to be reserved for your late thirties. But there are clear benefits to getting health insurance before your thirtieth birthday and these don’t have anything to do with whether your health is suffering today.

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      The Younger you are, the Lower Your Health Insurance Premium -

      The health insurance premium is highly dependent on age and in fact, there is a steep jump in the premium slab postage 30. For instance, if you purchase a health plan of Rs. 5 Lakh at an age of 25 years then you might just pay a premium of Rs. 5000 but the same policy would cost you much more at an age of 35, even with no ostensible change in your health indicators. Hence, book your policy as early as possible for a lower premium

       

      Sedentary Lifestyle has Increased Illnesses -

      Our hectic schedules and sedentary jobs have increased the occurrence of lifestyle disorders in younger people. No problems related to cholesterol, diabetes, heart and lung or even orthopaedic concerns do not require you to be middle aged. Stress-related hypertension is taking its toll on young high-powered corporate who have no idea how unhealthy they actually are until something truly serious happens and they wake up to reality. This is a big reason to make you purchase a health insurance policy in time. Various health plans offer annual health checkups for building awareness.

      Group Health Insurance is not Sufficient -

      The imperative need for health insurance cannot be overstated with the increasing costs of healthcare. Your company’s coverage might not be enough to take care of your frequent medical expenses at an older stage.

      Early Purchase for Availing all Benefits -

      There are certain requirements of a health plan wherein you need to go through a waiting period for the treatment of pre-existing diseases, surgeries or special treatment. At a younger age, you might not require these benefits immediately, but at an older stage of life you might need them urgently and you won’t be able to access the features because of the waiting period. Take the policy now so that you can make full use of the policy when you do fall ill in the future

      Financial Planning -

      In addition to the benefits and lower premium, it helps in financial planning as well. The health plan would cover your unfortunate accidents or your medical expenses. And, your hard earned money can be utilized in the investment process for a better tomorrow. You also get tax exemption on the premium you pay for your health insurance policy under section 80D.
      There are some other added advantages available under a comprehensive health plan such as day-care procedures, ambulance, non-hospital services like dental, optical, physiotherapy, dietary advice etc which are always useful no matter how old or young you are.

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      Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

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      *Product information is authentic and solely based on the information received from the Insurer. Policybazaar is acting only as a facilitator and claims settlement shall be at the sole discretion of the Insurer. Policybazaar does not provide any medical or surgical advice or diagnosis and is not responsible for your interactions / treatment by a medical practitioner/hospital. Please consult a registered medical practitioner for any medical or surgical advice. The Information that you obtain or receive from Policybazaar, and its employees, or otherwise on the Website is for informational purposes only. As per the Insurance guidelines, you are allowed to cancel the policy with-in 30 days from the date of Issuance of policy.This option is available incase of policies with a term of one year or more.

      *All the health insurance plans cover hospitalization expenses including COVID-19 treatment cover up to the specified limits. You can also buy specific COVID-19 health insurance policies such as Corona Kavach Policy and Corona Rakshak policy.

      **All savings and online discounts are provided by insurers as per IRDAI approved insurance plans. #Tax Benefits are subject to changes in tax laws. GST Exemptions depend on fulfilment of qualification criteria and submission of relevant documents.

      *₹1748/month is the starting price for a 1 crore health insurance for an 18-year-old male, with no pre-existing diseases. Discount on renewal premium is subject to the number of wellness points earned in the health insurance policy. For more details about the plans, please read the sale brochure carefully to get upto 100% discount on renewal premium.

      *₹400/month is the starting price for ₹ 5 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹541/month is the starting price for ₹ 10 lakh Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹762/month is the starting price for ₹ 1 Crore Health insurance for a 30 year old male & 29 years old female, living in Delhi with no pre-existing diseases

      *₹243/month(₹ 8/day) is the starting price for a 5 lakh health insurance for a 20-year-old male, non-smoker, living in Bengaluru with no pre-existing diseases

      *₹2020/month is the starting price for ₹ 1 Cr Health insurance for a 50 year old male & 50 years old female, living in Bangalore with no pre-existing diseases rounded off to nearest 10.

      *₹390/month (₹13 per day) is starting price for 1 cr. Health insurance for 25 years old male, with pre-existing diseases, residing from tier 1 city rounded off to the nearest 10.

      *No medical tests are required unless requested by the insurer’s underwriter. In-case of pre-existing diseases relevant medical proof would be required as per the terms and condition of the policy opted.

      *The values taken for effective cost calculation are indicative values and may change as per the selected plan.

      *Coverage upto double the amount of Sum Insured is available on certain covers for a minimum plan of Rs. 5 Lakh on the first claim only to an individual of upto 45 years of age with no pre-existing diseases. The benefit is available with or without extra cost depending on the plan chosen.

      *Coverage of pre-existing diseases is provided by insurer as per their underwriting policy.

      *The scope of coverage may vary from plan to plan.

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