Skip to content
  • Home
  • Business
  • Digital Marketing
  • Education
  • Finance
  • Health
  • News
  • Technology
  • Travel
  • Login

Get Post on Top

Guest Post Site

  • Home
  • Business
  • Digital Marketing
    • Content Marketing
    • SEO
    • SMO
  • Education
  • Finance
  • Health
  • News
  • Technology
  • Travel
  • Login
  • Toggle search form
  • Shopify SEO guide
    Shopify SEO Digital Marketing
  • itunes error 3600
    How to fix iTunes error 3600? Technology
  • mac running slow
    17 Reasons Why Your Mac Running Slow! Technology
  • microsoft word not responding mac
    4 Ways to fix Microsoft Word not Responding on Windows & Mac Technology
  • difference between whatsapp and whatsapp business
    Differences between WhatsApp and WhatsApp Business, which one to choose? News
  • avira prime review
    Avira Prime Review, Not Just Antivirus Technology
  • botox injections san diego county
    Botox Treatment in San Diego County:- Health
  • Windows 10 Desktop Icon Missing
    How to Fix Windows 10 Desktop Icon Missing? Technology
purchase health insurance at a young age

Is it necessary to purchase health insurance at a young age?

Posted on November 24, 2021December 10, 2021 By James Martin No Comments on Is it necessary to purchase health insurance at a young age?
0 0
0 0

Index

  • Reasons for young adults to invest in health insurance plans
    • 1. No need for pre-policy medical checkup:
    • 2. Lower premium amount:
    • 3. Cumulative Bonus:
    • 4. Overcome waiting period:
    • 5. Financial freedom:
  • When to buy a health policy? What is the right age to invest?
  • Share
  • About Post Author
      • James Martin
Read Time:4 Minute, 16 Second

It is important for every person to buy health insurance. But what about young people! Should they not invest in health insurance? Majority of the young population feel that they lead an active life and are in good health. Hence, they do not feel the need to purchase one for themselves. According to industry experts, if you are able to afford, then you should then check out health insurance plans in hindi or English as preferred and buy a suitable plan. It will be a wise idea to get a health insurance policy as soon as you reach 18 years old. 

Reasons for young adults to invest in health insurance plans

purchase health insurance at a young age

1. No need for pre-policy medical checkup:

Since you are young, lead an active lifestyle, you are expected to be in good health. Hence, medical checkup will not be necessary to buy a health policy. Therefore, the insurance company does not carry out pre-purchase health checks, thereby not discovering any medical/health condition that otherwise could increase your premium amount. But those having crossed 45+ years need to undergo a medical checkup, based on which the amount is set. This way, by not having to undergo a medical checkup, you also save ample money. 

2. Lower premium amount:

One of the major factors considered by insurance companies to determine your premium amount is your current age. Young people, by default, are assumed to be healthy and hence, invite lower liability on them. But elderly people are found to be more prone to contracting different types of ailments. Hence, insurance providers regard this group to be a major liability. Therefore, lower the age, lower is likely to be your premium.

3. Cumulative Bonus:

Majority of the health insurance plans offered in the market offer cumulative bonus. This is for each claim-free year. You may use the availed bonus to improve your insured sum amount without inviting additional charges. Being more fit, you are not likely to make any claims throughout the policy year. Thus, with time, you tend to earn a cumulative bonus. However, older people might require to lay claim due to medical conditions arising due to their age, thus not accumulating cumulative bonus. 

4. Overcome waiting period:

There is a mandatory thirty days of initial waiting period that comes with every health policy. During this period, young people generally do not lay any claim since their chances of contracting serious medical issues are very low. But elderly people are more susceptible to medical emergencies within a few days of purchasing a health policy. However, the waiting period will not allow them to make any claim if health issues arise during this time. 

5. Financial freedom:

Health insurance is generally purchased to meet huge medical expenses. Having a valid health policy will allow you to save huge amounts on those medical expenditures, caused mostly by leading a sedentary lifestyle. Without a policy, you will be compelled to pay from your pocket, encash your retirement funds or take loans from different places. It will only cause trouble to those caring for you. With a policy, you can derive enhanced financial freedom. 

When to buy a health policy? What is the right age to invest?

According to experts, you need to invest in a health policy during your mid-20s and early 30s. You are expected to be in good health during this time while being free from financial responsibilities. 

  • Investing in a health policy in your 20s: During this age, you can pay premium without much worries since you experience less financial pressure. Also, you enjoy affordable premiums while deriving the very best insurance coverage based on your insurance needs. additional coverage can also be availed like maternity insurance and overcoming waiting period if plans are there to marry and have a family. 
  • Investing in a health policy in your 30s: Since you are expected to be a married person and have small children, you should choose a family health plan. Coverage should be available for spouse and children. Also get additional coverage for various types of diseases including heart ailments, cancer, Covid, etc. With claim chances being more, you will expect an increased health insurance premium. 
  • Investing in a health policy in your 40s & 50s: Choose higher coverage. During this age, you are likely to experience the highest financial responsibilities. Hence, choose wider coverage having critical illness combined with sum inured enhancement advantages. You will have to pay a very high premium during this time. Family floater coverage can help reduce premium amounts, but still be high. 
  • Investing in a health policy in your 60s: A hefty amount will be charged during this phase of life as you are likely to experience severe health issues. You may require hospitalization, frequent doctor visits and long-term treatments. 

It is for this reason, you are recommended to buy a health insurance policy now at a young age so that it’s cumulative benefits can be enjoyed at a later age. Contact the professional advisors at Care Health Insurance for more details.

Share

Facebook
Twitter
Pinterest
LinkedIn
Get Post Top

About Post Author

James Martin

seoexperts1994@gmail.com
https://getposttop.com
Happy
Happy
0 0 %
Sad
Sad
0 0 %
Excited
Excited
0 0 %
Sleepy
Sleepy
0 0 %
Angry
Angry
0 0 %
Surprise
Surprise
0 0 %
Health

Post navigation

Previous Post: How to fix network error 503 on YouTube?
Next Post: 7 Amazing Ways to Create a Theatre Experience at Home

Related Posts

  • Get Post Top
    Robotic and Telerobotic Surgical System of Abdominal Surgery Health
  • Gym CRM
    How To Pick The Best Gym CRM Option for Your Gym Health
  • Gabapin 300 mg
    Spine Health: Painful Conditions & Effective Treatments Health
  • Get Post Top
    Top 10 Supplements that are Superb for Boost Immunity Health
  • Curcumin 95
    How much Curcumin Should I take to Reduce Inflammation? Health
  • orthopedic pillow
    What Does An Orthopedic Pillow Do? (Memory Foam Pillow) Health
  • surgical products
    Top 7 Surgical Products Anomalous Hurdles Industries Facing Health
  • Get Post Top
    A healthy kidney system prevents extra water Health
  • Packaging and Branding for Cannabis Products
    The Importance of Packaging and Branding for Cannabis Products Health
  • Benefits of Yoga: 8 Ways Your Practice Can Improve Your Life
    Benefits of Yoga: 8 Ways Your Practice Can Improve Your Life Health

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%
(Add your review)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • How to Talk to Your Therapist About Difficult Topics?
  • The Benefits of Therapy
  • Tips for Using Asset Management Tools Successfully
  • The Benefits of Replacement Windows
  • Black Background Wallpaper Themes

For Guest Post or Any Query Please Contact us On Getposttop@gmail.com.

ES_400x300x2-1

Categories

  • Activation (14)
  • Beauty (3)
  • Bio (1)
  • Business (375)
  • Digital Marketing (97)
    • Content Marketing (13)
    • SEO (37)
    • SMO (11)
  • Education (27)
  • Entertainment (12)
  • Finance (74)
  • Health (221)
    • Fitness (3)
  • Home Improvement (26)
  • Legal (2)
  • Lifestyle (15)
  • Login (1)
  • News (174)
  • Pet (15)
    • Crypto (11)
  • Technology (240)
  • Travel (70)

Sponsored – Paid Promotion

nbc.com/activate, showtimeanytime/activate, crackle.com/activate, mylifetime.com/activate, youtube.com/activate, nfl.com/activate, hulu.com/activate, tubi.tv/activate

Our Sister Sites

Geeksscan.com
Bingarticles.info
Espnuevoslibros.com
Healthgurus.co
Cellphonespy2014.com
iPhones-giveaway.com
Rokanhuluonline.com

Recent Posts

  • How to Talk to Your Therapist About Difficult Topics?
  • The Benefits of Therapy
  • Tips for Using Asset Management Tools Successfully
  • The Benefits of Replacement Windows
  • Black Background Wallpaper Themes
  • Get Post Top
    Contract Delivery Driver Jobs: What They Are & How to Be One Business
  • oberoi udaivilas
    Top 10 Udaipur Luxury Hotels and Resorts Travel
  • LG Washing Machine
    8 Things That Will Attract You to Buying a LG Washing Machine Technology
  • Katmoviehd
    Katmovie Cc – Kat movie HD – Download Free movies Entertainment
  • Online-quran-memorization-classes
    Seven (7) Best Ways to Memorize Quran Quickly Business
  • Remove Stretch Marks 2 (1)
    How to Remove Stretch Marks? News
  • Get Post Top
    Printed Boxes Packaging are Far More Valuable than Just Hope Business
  • Probiotic Supplement
    Know the Best Probiotic Supplement in 2021 Health
May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Apr    

App Development App Development Company business CAT online Coaching cheap flight tickets curcumin curcumin 95 Custom Boxes custom packaging Digital Marketing display boxes Display Packaging education fashion fish oil Fitness Fixed Deposit flaxseed oil flight booking Health immunity booster law Mobile App Development Company mobile application development modalert modvigil omega 3 omega 3 fish oil Omega 6 Real Estate sell your house fast indianapolis SEO SEO Services tiles Top Destinations Flight Offers tour Travel trek website we buy homes indianapolis we buy houses fast indianapolis we buy houses for cash indianapolis we buy houses indianapolis we buy houses indianapolis in weight loss

  • Activation
  • Beauty
  • Bio
  • Business
  • Content Marketing
  • Crypto
  • Digital Marketing
  • Education
  • Entertainment
  • Finance
  • Fitness
  • Health
  • Home Improvement
  • Legal
  • Lifestyle
  • Login
  • News
  • Pet
  • SEO
  • SMO
  • Technology
  • Travel
  • Home
  • Business
  • Digital Marketing
    • Content Marketing
    • SEO
    • SMO
  • Education
  • Finance
  • Health
  • News
  • Technology
  • Travel
  • Login

Copyright © 2022 Get Post on Top.

Powered by PressBook News WordPress theme