June 19, 2021

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The Right Age To Purchase Health Insurance

health insurance

health insurance

Buying health insurance at the early age makes you to accumulate the cumulative benefits by the time you are older when you can avail of higher coverage.

Health insurance plans offer the financial stability required during critical times and allows you to focus on the treatment.

Today life is fast-paced and erratic with unhealthy eating habits and lack of physical activities. Which is causing an increase in lifestyle-related illnesses striking at a young age.

If you don’t have health insurance, the expenses incurred for illness, treatments are humongous and may result in severe financial stress.

Health insurance plans offer the financial stability required during illness. The health insurance plans eliminate the financial stress that a severe ailment may cause.

According to Indian laws, a person as young as 18 years can avail health insurance. And a child age less than 18 years may be covered under health insurance policies availed by the parents.

The factors that determine the premium on health plans are the sum assured, Co-payment and deductible chosen, Insured’s age and total individuals covered under the plan, Additional riders, Pre-existing medical conditions, if any.

One of the important factors that determine the health insurance premium is the age. Therefore, it is beneficial to buy health insurance at an early age.