To live a good life, a man needs two things, first health and second wealth. Health insurance is such a tool, which takes good care of both your health and wealth.
Five Reasons To Buy Medical Insurance: When it comes to living a good life, two things are most important, first health and second wealth. Health insurance is such a tool, which takes good care of both your health and wealth. But it is a big misconception in our country that what is the need of health insurance for the youth. According to the World Health Organization (WHO), about 5.8 million people die from non-communicable diseases (NCDs) every year. This means that one in four Indians is at risk of a fatal NCD before the age of seventy. The youth is not untouched by NCDs, as this disease makes people of all age groups its victims. Changing lifestyle, lack of physical labor in working and increasing environmental pollution is an important reason for the increase of NCD diseases.
Lack of awareness about health insurance
A research done by BMC Health Services has revealed that 63% of the total expenditure on health in India is done out of pocket i.e. most of the Indians have to spend their savings for their treatment and sometimes even for medical expenses. The person has to sell even his house. Health insurance is done only to avoid such a situation, because most of the medical expenses are covered in health insurance.
For a healthy lifestyle, one must take health insurance, so that you can take care of your health and medical expenses without any compromise. In such a situation, many times the question arises whether one should wait to get old or suffer from any disease to get health insurance? Today we will help you find answers to some such questions. Also, we will tell you why it is necessary to take health insurance before the age of 40?
low premium
The premium for health insurance depends on several factors including age and health risk. Health risk is less in young people as compared to older people, due to which the liability of the insurance company also reduces here. If you opt for health insurance at a young age, then you will have to pay a lower premium for it.
waiting time control
All health insurance plans have different waiting periods for pre-existing diseases and certain specific diseases, which can generally range from 12 to 48 months. Because the health risk at a young age is less as compared to other age groups. So you can easily cross the waiting time without making any claim. With this, you can take out this time, but if you are suffering from any disease, then you can claim without passing the waiting time.
Corporate cover not enough
Most people think that a corporate policy is sufficient to meet their and their family’s medical needs, but many corporate policies by default cover only the Chief Wage Earner (CWE) and their family members only at an additional premium Insurance cover is given only after payment of Rs. In such a situation, if you change the job, then your insurance cover is immediately withdrawn by the company.
no claim bonus
This is an attractive feature which encourages the policy holder not to make any claims. In other words, if the policy holder does not make any claim during a policy year, the insurance company provides a certain percentage of the sum assured as No Claim Bonus. Which will later be added to the total sum insured. The problem of health problems is less in young age, in such a situation you can take advantage of no claim bonus. You can deposit it with your existing sum assured and use it at the time of your need
healthy living motivation
Our everyday lifestyle is such that most of the people do not take out any time for themselves. In such a situation, most of the people move forward with one or the other motivation or push. In view of this, many health insurance companies run wellness programs for policy holders.
This program motivates those who get reward points from the insurance company in the form of health. These reward points can be redeemed as discount during premium payment. In such a situation, buying health insurance with wellness benefits at a young age inculcates the habit of staying fit, which will have a positive impact on both your health and wealth.
