Benefits of Health Insurance at Early Age Financial advisors believe that health insurance should be taken by any person before the age of 30 years. It has many advantages. Let’s know in deta
Health insurance has become necessary for every person in today’s time. It covers the expenses incurred due to expensive treatment. Also, it keeps your financial health good in case of any medical emergency. Financial advisors often advise people that you should take a good health insurance plan as soon as possible. Today we are going to tell you about those seven reasons, due to which you must take health insurance before the age of 30 years.
Low premium
If you take health insurance of 5 lakhs at the age of 25, then its premium usually comes around 5000 rupees. At 35, it reaches Rs 6000 and at 45 it reaches Rs 8000. For this reason, you should take health insurance as soon as possible.
Less cover in health insurance provided by the company
Generally, many people working in the organized sector do not get health insurance only because they are being given group health insurance by the company. Considering the cost of treatment nowadays, it has become necessary to take personal health insurance.
Lifestyle changes
In today’s time, there has been a lot of change in lifestyle. Because of this, diabetes, heart attack and other diseases occurring at the age of 45 are becoming easier for young people as well. For this reason, taking health insurance can be a good option.
Financial security
In today’s time, going to the hospital for a minor illness costs thousands and lakhs. On the other hand, if you get a major illness, then your entire savings can be lost.
Tax savings
Health insurance plays a big role in your tax savings. Under Section 80D of Income Tax, you get a deduction of up to Rs 25,000 on premium paid for self and wife and children and up to Rs 50,000 on premium paid for parents.
Benefits of taking insurance soon
For 30 years usually no person has any disease. Due to this, you get more coverage at a very low premium and also there is no waiting period for coverage of diseases.
OPD & Diagnostic Tests Covered
One of the biggest advantages of taking health insurance is that apart from hospitalization expenses, companies also pay the policyholder for pre and post hospitalization expenses like OPD and diagnostic tests etc.
