Health insurance | Know why you should buy health insurance in your 30s

Know Why You Should Get Health Insurance In Your 30s Photo credit: BCCL

New Delhi: Being in your 30s can be an exciting time in life. When they start their careers, there are many aspirations, goals, objectives and responsibilities that come into play in the salary pie. On the one hand, there could be impulse spending, while on the other hand, there could be student loans that have not yet been written off. This is a phase which therefore requires financial planning. As young people realize that they need to put their money aside in monthly savings, it is important to shed light on the importance and benefits of covering yourself and your family’s health through a health plan. comprehensive health insurance.

Young people do not face any health complications, hence the insurance requirement takes a back seat – While it is true that medical complications increase with age, it cannot be assumed that young people are safe from health problems. The pace of modern life and lifestyle is changing, bringing its own set of stresses and challenges. We can no longer correlate disease and age. In addition, people of all ages can be affected by certain events such as accidents, and health insurance policies cover such eventualities as well. It is also a good idea to purchase insurance when you are young and healthy because as you get older and face health issues it becomes difficult to get insurance coverage and even if it is. available, it can take a restricted form.

Here are 5 reasons why buying a health policy in your 30s is a smart decision

1. Lower premium
If you buy a health insurance policy early, you will have to pay less for your policy. The premiums for a health insurance policy increase with age; this is because of the associated increases in risk. Premiums for health insurance plans are determined by age, medical history, city of residence, etc. of the insured. So, buying a health plan early helps you save on the premiums you pay.

2. Financial security
When you buy health insurance, it gives you access to health facilities when you need them, without

having to pay out of pocket. This will allow you to better use your savings. Plus, with health plans, you can also claim tax exemptions on the premiums you pay for your section 80D insurance policy.

3. Paradigm shift in lifestyle
Recently there has been a drastic change in our way of life. Busy work schedules, no time for exercise

and sleep, fast food, etc. made us prone to health problems. In addition, we ignore the first signs and

symptoms of diseases that later lead to serious health problems.

4. Early incidence of health problems
Changing lifestyles have negatively impacted our lives and resulted in an increased incidence of early several critical health conditions. To encourage a healthy lifestyle, mutuals offer annual health checks.

5. Matching advantages of buying early
When purchasing a health plan, certain conditions must be met to reap the full benefits. For example, you will have to go through a waiting period of about 3 or 4 years in order to get coverage for the pre-existing conditions that you have. And at a young age you might not need these benefits immediately, but at an older age you might need them instantly. Therefore, when you buy a policy earlier, you can get better benefits and get the most out of the policy.

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About Evelyn C. Heim

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