The Corona pandemic has made us all aware of the importance of health insurance. Due to this, the number of people taking health insurance has increased rapidly after Kovid. However, a question has also started arising in the minds of many people that what should be the most suitable age for any person to take health insurance? If you are also looking for the answer to this question, then there is no need to worry. We are telling you the best age to take health insurance. Along with this, we are also telling that if you take the policy in the middle of the age, then what will be the benefits.
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It is best to take it at the age of 20 to 30
Insurance experts say that often young people think that they are perfectly healthy and they can buy health insurance later, but this is a big mistake. When your age is between 20 to 30, you can easily buy a good policy with low premium. Insurance companies can easily give you big cover while giving less risk. At the same time, as people grow older, they become more prone to diseases. After this the insurance company may ask you to undergo a number of medical tests. Also it charges more in premium.
You can get, All these benefits with a big cover at a low premium
If you take a health insurance policy at a young age, you get a bigger cover at a lower premium. This is done by companies looking at low risk. Along with this, if you do not claim, then the insurance companies give No Claim Bonus (NCB). By accumulating NCB benefits year after year, you can get a bigger cover at the same premium.
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Why should We buy health insurance?
Health insurance helps you make a better financial plan. Another advantage is that the premium paid for health insurance gives you tax exemption under section 80D. You can claim a tax deduction of up to Rs 25,000 in a financial year. If you buy a health policy at the age of 20, you can start getting tax benefits under section 80D from an early age.
What to do if you missed a purchase at a young age
You can buy a health insurance policy without medical examination till the age of 30 or 40. Most health insurance companies ask for a health check-up if the buyer is over 45 years of age. If you are above 45 years of age and you do not have any pre-existing health condition, you can buy a health policy only after getting a health check-up as prescribed by the insurance company.
