In India, many people still believe that health insurance is required in old age or only for critical ailments such as cancer and heart disorders. The rise in the number of illnesses and medical costs have increased this belief. However, the claims data from the health insurance industry does not believe this idea. It reveals that the need for health insurance is also required at a younger age.
There are three age milestones during which it is a responsibility of an individual to opt for individual health insurance. At the age of 18, an individual is considered an adult. When an individual is of 26 years, most insurance providers
>> Check: What is Covered and Not Covered Under Mediclaim Policy
In today’s time, most young people opt for a health insurance plan once they reach their 20s. Apart from this, the rising cost of medical treatment that makes the biggest share of claims indicates the type of health insurance one should opt for and ailment that needs to be cover. The minimum age to opt for any health insurance policy is 18 years. Critical illnesses play can be a huge burden on your family. Such ailments can also recur during the tenure of the health insurance policy.
Earlier many people feel the need to opt for health insurance is only when they grow older and catch any disease. While some used to assume that the need feels that the employer’s health insurance cover is adequate.
Reasons why you should Opt for Health Insurance Plan Early
- Affordable premium: At a young age you are healthy and do not experience any severe medical issue. For this reason, insurance providers may see an individual who has a lesser chance of filing a claim under a health insurance plan. Hence, a person can opt for a higher cover such as critical illness for an affordable premium.
- A wide array of options: When you are in your 20s, you can assess different health insurance plans as per your need. Once you get older, the health insurance company may not cover all ailments, that reduces the range of the coverage.
- No need for medical tests: In the case of an old age person, it is mandatory to undergo medical tests depends on health insurance plan. The results can be analyzed by the underwriters that may assess whether the policy is to be issued or not. But, in young age for some plans there is no medical tests while some has minimal pre-policy medical tests.
- Lifelong renewability: You can get the benefit of lifetime renewal in the health insurance policy and get extended coverage.This acts as a financial cushion in case of hospitalization at an increased age.
Over to you!
Experts will always recommend you opt for a health insurance policy as soon as you are 18. This enables you to assemble the cumulative benefits by the time you become older, as you can opt for higher coverage Today, the inactive lifestyle has increased the risk of getting many ailments even at the young age.
Care Health Insurance offers various health insurance covers such as Care, Care Freedom, and Super Mediclaim, and more. Now as you are aware of your needs to consider while buying a health insurance plan, then what are you waiting for? Visit the website of Care Health Insurance and get customized quotes and buy them in a matter of a few minutes.
Disclaimer: All plan features, benefits, coverage, and claims underwriting are subject to policy terms and conditions. Kindly refer to the brochure, sales prospectus, and policy documents carefully.
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