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Are you young, fit and fine? You must still get a health insurance policy

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In today’s times when stress and stress-related conditions are on a steep rise, many young adults in their 20s and 30s are falling prey to serious health issues, such as high blood pressure, diabetes and depression. Also, the constant use of technology, excess consumption of junk food, and other unhealthy lifestyle habits are making things worse. This is the reason why taking a health insurance policy has become so important for people of all ages. However, when you are young and fit, you might wonder if it is indeed important to get insurance for something that might or might not happen in future. So, this blog lists down 6 reasons that will convince you.

Reasons why even the young and fit must take a health plan

1. To stay covered against the unexpected: Even if you are fit and healthy now, the best health insurance in India can keep you covered against sudden illnesses, accidents and injuries in the future. The ongoing COVID-19 pandemic has also made us realise that medical emergencies can happen to anyone, anytime. This is when having a health plan will help you avail quality treatment without worrying about the bills.

    

2. Early diagnosis of a health condition: Most health insurance providers offer free health check-ups at the time of policy renewal. Annual check-ups and screenings from a young age will help in early diagnosis and treatment of many health issues.

    

3. Saves you from financial setbacks: Considering the ever-increasing healthcare costs, any minor or major medical procedure and post-hospitalisation expenses can burn a hole in your pocket. However, if you have a health insurance policy, you can avail treatment at a network or non-network hospital and your insurer will cover the expenses.

    

4. Low premium and waiting period benefits: If you take a health policy at an early age, the premium will be on the lower side. This is because the chances of pre-existing health conditions and hospitalisations are low among young adults. So, you can easily secure your health and finances by shelling out a small premium amount every year.

    

   Health plans come with a waiting period of about 2-3 years or more before you can file a claim against your policy. So, if you take health insuranceat an early age, the waiting period will get over during your healthy years. This way, you can avail the benefits of your health plan in the later years of your life when different health issues usually crop up.

    

5. Cumulative bonus and tax benefits: When you are young and fit, the chances of filing a claim against your health plan are low. Insurance companies offer a no-claim bonus to policyholders in the form of a hike in sum insured, without any changes in the premium amount. It is more like a reward for staying fit. This bonus will get added to your health plan for every no-claim year and give you the benefit of a higher sum insured.

   Health insurance policyholders in India are entitled to tax benefits under Section 80D of the Income Tax Act, 1961. Hence, depending on their age and health plan, policyholders can save a good amount on taxes every financial year.

    

6. No medical check-ups before getting a policy: Many insurance companies offer health plans to young adults without medical check-ups. Therefore, you can easily take a health insurance policy online from the comfort of your home and stay covered.

Conclusion

So, these are some of the top reasons why taking a health insurance policy at an early age can prove to be beneficial in the long run. With so many insurance companies offering a range of health plans online, you can easily shortlist and compare a few to find the best health insurance in India. Remember that a comprehensive health insurance policy with extensive coverage and lifelong renewability is the best option if you are looking to protect your finances and stay covered for years to come.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

 

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