Why Should Buy Health Insurance In Your 30s

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When you’re young and healthy, you won’t probably feel the need to buy health insurance. However, you need to be pragmatic about the fact that an illness doesn’t come informed. A medical emergency can occur at any time, and what will happen if you are not financially prepared to face it?

Buying health insurance in your 30s is a wise decision because it can provide you with financial protection in case of any unforeseen medical emergencies. Here are some reasons why you should consider buying health insurance in your 30s:

1. Lower premiums: The younger you are, the lower the premium you will have to pay for health insurance. By buying health insurance in your 30s, you can avail of lower premiums compared to when you are older.
2. Coverage for pre-existing conditions: Many health insurance plans offer coverage for pre-existing conditions after a waiting period. By buying health insurance in your 30s, you can start the waiting period earlier and get coverage for any pre-existing conditions that you may have.
3. Changing lifestyle: In your 30s, you may be more prone to lifestyle-related diseases such as diabetes, hypertension, or heart diseases. disease insurance can provide you with financial protection in case of any medical emergencies related to such diseases.
4. Family planning: If you are planning to start a family, health insurance can provide coverage for maternity benefits and childbirth-related expenses.
5. Rising healthcare costs: Healthcare costs are increasing every year, and by buying health insurance in your 30s, you can protect yourself from the financial burden of expensive medical treatments and hospitalizations.
6. Tax benefits: Buying health insurance can help you save taxes under Section 80D of the Income Tax Act.

Here are a few questions that you should ask yourself before buying a health insurance plan:

• Cashless hospitalization
• Room rent
• Maternity benefits
• Pre and post-hospitalization
• Daycare treatment
• Pre-existing covered
• OPD
• Pre and post-hospitalization
• Daycare treatment
• Pre-existing covered
• Domiciliary care
• How many times I can claim the insurance
• Claim settlement ratio: 85-100 %
• Check the sum insured amount and the premium charged against it
• Do check the list of policy exclusions
• No-claim-bonus, which ranges from 10% to 100%
• Free look period, during which you can decide to continue or reject the policy
• Waiting period before you can start filing the claims
• Policy premium, the higher the coverage amount the more the premium, and vice versa
• Monthly payment EMI

Best Health Insurance Plans for Young Adults:

1. HDFC ERGO Health Suraksha Gold Plan: This is a comprehensive health insurance plan that offers coverage for hospitalization expenses, pre and post-hospitalization expenses, daycare treatments, and AYUSH treatments. It also offers additional benefits such as a daily hospital cash benefit, critical illness cover, and coverage for organ donor expenses.
2. Star Health and Allied Insurance Comprehensive Plan: This is a comprehensive health insurance plan that offers coverage for hospitalization expenses, pre and post-hospitalization expenses, daycare treatments, and AYUSH treatments. It also offers additional benefits such as a daily hospital cash benefit, maternity benefits, and coverage for alternative treatments.
3. Max Bupa Health Companion Plan: This is a comprehensive health insurance plan that offers coverage for hospitalization expenses, daycare treatments, pre and post-hospitalization expenses, and AYUSH treatments. It also offers additional benefits such as a daily hospital cash benefit, maternity benefits, and coverage for alternative treatments.
4. ICICI Lombard Complete Health Insurance Plan: This is a comprehensive health insurance plan that offers coverage for hospitalization expenses, pre and post-hospitalization expenses, daycare treatments, and AYUSH treatments. It also offers additional benefits such as a daily hospital cash benefit, maternity benefits, and coverage for alternative treatments.
5. Niva Bupa Health Insurance: The plan covers hospitalization expenses, pre and post-hospitalization expenses, daycare procedures, ambulance charges, and more.
   Sum Insured: The plan offers sum insured options ranging from Rs. 2 lacks to Rs. 1 crore.
   No Claim Bonus: The plan offers a no-claim bonus of up to 150% of the sum insured, which means your sum insured can increase by up to 50% every year you do not make a claim.
   Pre-existing Diseases: Pre-existing diseases are covered after a waiting period of 36 months.
   Room Rent: The plan covers room rent up to the sum insured amount, depending on the plan chosen.
   Co-payment: The plan has a co-payment feature, which means you will have to bear a portion of the medical expenses.
   Tax Benefits: You can avail tax benefits on the premium paid under Section 80D of the Income Tax Act.
6. Navi Health Insurance: Navi Health Insurance is a health insurance policy offered by Navi General Insurance Limited, a subsidiary of Sachin Bansal-owned Navi Technologies. Here are some details of the policy:
   Coverage: The policy covers hospitalization expenses, pre and post-hospitalization expenses, daycare procedures, ambulance charges, and more.
   Sum Insured: The policy offers sum insured options ranging from Rs. 1 lakh to Rs. 1 crore.
   No Claim Bonus: The policy offers a no-claim bonus of up to 50% of the sum insured, which means your sum insured can increase by up to 50% every year you do not make a claim.
   Pre-existing Diseases: Pre-existing diseases are covered after a waiting period of 36 months.
   Room Rent: The policy covers room rent up to the sum insured amount, depending on the plan chosen.
   Co-payment: The policy has a co-payment feature, which means you will have to bear a portion of the medical expenses.
   Tax Benefits: You can avail of tax benefits on the premium paid under Section 80D of the Income Tax Act.
7. Tata Aig Health Insurance: Free Health Checkup + Bonus on No Claim. Instantly Calculate Your Health Insurance Premium. Buy Tata AIG health Insurance & get benefits like Pre & Post Hospitalization and many more. Ambulance Cover. High Claim Settlement. No Pre Medical Check.