With the rise in pollution levels, irregular and unhealthy eating habits and unscheduled lifestyle, there has been a rapid increase in ailments even amongst the youth in the country. According to the World Health Organization over 2.6 million individuals in the age group of around 25, suffer from one or the other form of ailments each year. This number is huge and indicates that anyone can contract an illness, irrespective of the age. Hence, having a health insurance plan is a must.
A Health Insurance Plan is available in different categories like Individual Health Insurance Plan, Family Floater Health Insurance Plan, Group Health Insurance Plan, Senior Citizen Health Insurance Plan, Critical Illness Health Insurance Plan and Top-Up Health Insurance Plan. All these plans can be easily availed from Bajaj Finserv which offers affordable premiums for high coverage and offers some of the best-in-category incentives.?
A Health Insurance Plan from Bajaj Finserv will provide you coverage for pre-and-post hospitalization, medical treatments, medical check-up costs, ambulance/transportation cover and much more.?
Now that you know what the various plans are and where to buy them from, here are 8 reasons why you should avail a health insurance plan before you turn 30-
- The earlier you buy an insurance plan, the better the premium price– Individuals who buy an insurance cover at a younger age get the same cover at a lesser premium cost than those who avail it at a later age. For instance, if anyone below the age of 30 buys a 5,00,000 health insurance cover at the age below 30, he/she can avail the cover for a yearly premium of approximately Rs. 5,000. However, if someone at the age of 30 procures the same plan, he/she will have to pay approximately Rs. 6,000 and this premium amount increases with age. Hence, it is best to buy the plan as early as possible.?
- Do not rely on the employer cover– In case you are a working individual and have an employer insurance cover, do not rely on the same for high coverage in case of an ailment that incurs huge cost. The cost of healthcare has risen high in the past few years and while the employer insurance does cover for you and in some cases also for your immediate family, it does have its limitations and hence it is best to have a family/individual health insurance plan for yourself and your family that provides high coverage.?
- Due to rising pollution levels and unhealthy lifestyle anyone can contract an illness– When you are young your body can sure fight an illness well, but that doesn?t mean that you will not fall ill. With the changing lifestyle due to technology, we are more bound to our laptops and barely move. Also, the pollution and preservatives in our food, unhealthy eating habits take a toll on our health. Therefore, no matter the age it is best to have financial security for yourself and your finances with an Individual Health Insurance Plan.?
- Tax benefits– In case you have an insurance cover you can avail tax benefit as per Section 80D of the Income Tax Act.?
- Better financial planning– As mentioned above you get tax benefits if you have a health insurance plan. Also, it helps you secure your hard-earned money, as the insurer covers for the huge medical expenses for you at very minimal premiums.?
- You cover the waiting period– Several insurance covers that provide extensive coverage for specific surgeries and treatments come with a waiting period. But if you have a health insurance plan at an early age you will be able to complete the waiting period well before the time when you would actually need the critical benefits at an older age.?
- You get a better deal- When you buy your insurance cover at a young age, it may not cover for a pre-existing disease but if you contract a disease within the policy year it will be covered for. This is a way of planning ahead of time.?
It covers all your needs–
Lastly, but most importantly a health cover provides financial aids for all your needs which is the most important thing keeping in mind the sudden wave of newly found infections and ailments.
As the editor of the blog, She curate insightful content that sparks curiosity and fosters learning. With a passion for storytelling and a keen eye for detail, she strive to bring diverse perspectives and engaging narratives to readers, ensuring every piece informs, inspires, and enriches.
