“Health is Wealth” - I often hear people quoting this. But how many of us really value our health? It is ironic that being a part of the generation that is known for its unhealthy lifestyle, Health Insurance is the last thing on our mind.
Medical emergencies knock at one’s life without warning, and they can be financially as well as emotionally sapping. We should have ourselves fully covered to avoid a long term dent on our savings. Not only for our finances, Medical Insurance enables us to be in control of our medical stats. Insurers provide annual checkups covering various aspects of one’s health. This plays an important role in catching hold of any medical complications at the much early stage while it is less expensive and easier to treat.
In the midst of rising medical costs, Medical Insurance is sure a knight in a shining armor. With an increase in lifestyle related sickness, one need not be “old” to require a Health Insurance. Health Insurance should be planned well in time, while we are young and healthy. One of the benefits of planning insurance while you are still under 30 is policy at best premium. As we age, the policy premium increases. In case you think Health Insurance Policy by your employer provides enough coverage for you, it’s time to reconsider. Research properly and compare the cost of hospitalization with the cover provided by your employer, there are chances you will have to buy a separate cover.
Another advantage of buying Medical Insurance while you are still young is the lesser probability of having a medical history. This ensures you can fully enjoy all the benefits of the policy. The icing on the cake is insurers provide a more comprehensive deal to the youngsters due to the reason mentioned above. Having an early Health Insurance in your life also makes financial sense. You can save tax on the premium you pay towards your policy. The current cap is 15000 INR per annum. [1]
The best part about new age Health Insurance Plans is their inclusiveness. They not only cover you for medical emergencies but some insurance plans also cover your regular checkups and OPD. You can also choose a wider coverage that would include your family. There are many options you can customize from, depending on your need. Explore 5nance to choose a suitable Medical Insurance for yourself.
