Early Birds: 7 Reasons To Get Medical Insurance Before 30


Embarking on securing your health early is a prudent decision, especially when obtaining medical insurance before the age of 30. In this exploration, we delve into seven compelling reasons that underscore the importance of being an early bird in safeguarding your well-being through proactive healthcare planning.

1. Best To Start Early:

Initiating your health insurance journey before hitting thirty provides a strategic advantage. Many policies impose waiting periods before certain critical illnesses, like cancer, are covered. By securing health insurance early, you navigate through this waiting period when the likelihood of contracting severe diseases is comparatively lower.

2. Employer Coverage Limitations

Relying solely on employer-provided health insurance may prove insufficient. Smaller companies or those outside government or corporate giants might not offer coverage. Even when coverage is provided, it often extends as a family floater, leaving individual needs unmet. Opting for health insurance before turning thirty allows you to explore various plans tailored to individual requirements, ensuring comprehensive coverage.

3. Anticipating Work-Related Travel

As career responsibilities expand post-thirty, frequent travel becomes a norm. Whether locally, nationally, or globally, constant movement increases health risks and distances you from home. Initiating health insurance early demonstrates foresight in addressing potential health issues from frequent travel, ensuring you are prepared for unexpected medical challenges wherever your career takes you.

4. Combatting Lifestyle-Related Health Issues

Modern lifestyles, dominated by sedentary routines and technology dependence, pose health challenges. Prolonged desk hours and poor ergonomics lead to issues like back pain and diabetes. Acquiring health insurance, before the age of thirty, equips you to face potential health challenges associated with contemporary lifestyles, providing financial coverage for medical expenses related to lifestyle-induced ailments.

5. Safeguarding Savings Through Risk Distribution

Healthcare costs can be excessive, risking the depletion of savings in the absence of sufficient insurance. Critical illnesses, such as cancer, may demand substantial financial resources. Bajaj Allianz health insurance plans for families act as a safeguard, allowing you to distribute the risk and avoid exhausting your savings in the face of unforeseen medical emergencies or substantial bills. Claims are subject to terms and conditions set forth under the health insurance policy. *

6. Preventing Accumulation Of Credit Card Debt

Lack of health insurance often leads individuals to use credit cards to cover medical expenses. Opting for health insurance before turning thirty is a preventive measure against accumulating substantial credit card debt, providing a more manageable and cost-effective alternative for covering medical costs.

7. Unlocking Income Tax Benefits

Governments incentivise health insurance purchases by offering income tax deductions. This provision significantly reduces income tax liabilities, potentially moving individuals into lower tax brackets. Leveraging this benefit, alongside other tax-saving investments, allows substantial savings while ensuring comprehensive health coverage. **

The adage “health is wealth” gains literal importance in a landscape of soaring healthcare expenses. Securing health insurance before 30 is pivotal for a sustained and healthy life. This proactive stance safeguards against escalating healthcare costs and establishes a resilient foundation for overall well-being. Always ensure you carry out the health insurance renewal process on time for uninterrupted coverage. Claims are subject to terms and conditions set forth under the health insurance policy. ##

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*Standard T&C Apply

 ##All savings are provided by the insurer as per the IRDAI-approved insurance plan.

**Tax benefits are subject to change in prevalent tax laws.

Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making any related decisions.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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