Buy Your Health Insurance Today
Health insurance is a type of an insurance which covers the whole or a part of the risk of a person incurring medical and surgical expenses. Depending on the type of health insurance coverage, either the insured pays costs from his/her hard-earned money and is then reimbursed, or the insurer makes payments directly to the provider. Thus getting health insured would be a financial aid during the medical emergency. Medical coverage is one such part of Wealth Protection or health insurance.
It is important for everyone to get health insurance as it would be of great financial help during the emergency time of medical and surgical expenses. Health Insurance policy is an agreement between an insurance provider (e.g. an insurance company or a government) and an individual or his/her sponsor (e.g. an employer or a community organization). This contract can be renewable (e.g. annually, monthly) or lifelong in the case of private insurance, or be mandatory for all citizens in the case of national plans.
Here are 7 reasons you should purchase your own health insurance at the most earliest, independent of your age or your current cover:
1) Avoid stringent tests
In the event when you figure out that at the age after 50, you are diagnosed with some minor, if not extreme, abnormality, what would you do? Definitely all of us would go with the health insurance policy. Each such oddity will increase your premium charges, aside from the physical agony of experiencing every one of the tests. You can keep away from every one of these tests on the off chance that you purchase your medical coverage strategy before certain age itself. Any previous sicknesses are consequently shrouded in such a case. Any ailments analyzed later will be secured – with no extra premiums. So, if you take a medical coverage cover just when you cross the age of 50, at that point please know that after 50, all health care coverage organizations premium coverage would be a burden.
2) Pay to bring down premium of health insurance
Medical coverage premiums are very low when the age is less. Lower the age, lesser would be the premium. What’s more, premiums go up just on the off chance that you move crosswise over age gatherings. At 25, an arrangement with Rs 5 Lakhs scope would cost you around Rs 8000, at 35 you’ll need to spend around Rs 11000 and at 45 the cost ascends to Rs 18000. So get it as right on time as conceivable to book the strategy at the least conceivable premium.
3) Accumulate no-claim benefits
Purchasing a health insurance policy early means you are probably going to have all the more no-claim years, enabling you to gather the advantages after some time. Buying a health insurance policy will allow you to enjoy tax benefits. In this benefit one can claim the premium paid as the deduction from their total income regulated by 80D of the Income Tax Act, 1961.
4) Get access to less expensive and bother free web-based purchasing
At a youthful age, you can purchase sufficiently average medical coverage approach on the web/internet. The online arrangements are less expensive. Numerous safety internet providers are not willing to offer on the web if the purchaser’s age is over 50. You won’t have the capacity to profit from the simplicity of online buy on the off chance that you hold up too long.
5) Financial planning
Buying a health insurance policy not only gives you greater coverage but also helps you plan your finances in a better way. When you have adequate medical cover to take care of any health emergencies, you can focus on making other long-term investments.
6) Overcome the Waiting Period
In most situations, health insurance policies have a waiting period ranging from 30 to 90 days, during which one cannot make any claims even if there is a medical emergency. But, Individuals above 60 years have a longer waiting period in some cases. Hence buying a health insurance policy at a young age is always desirable because the waiting period is waived off. Always, check the amount of time taken to cover pre-existing diseases in your plan because pre-existing diseases aren’t covered from day one of buying the policy.
7) Cover your ‘to be conceived’
The present medical coverage strategies cover substantially more than just hospitalization. New wellbeing designs cover you for day mind methods and OPD, not simply genuine hospitalization. Most designs additionally have maternity benefits, which might be pertinent at this phase of life. Likewise, your new conceived will be secured from birth with no extra premiums. You can opt for lifetime renewal of your health insurance plan and thereby, avail of extended coverage throughout. The duration of coverage is the most key factor in buying a health insurance policy. Therefore you can enjoy healthcare benefits for your entire life by opting for renewal of your policy. Always go for a plan that can be renewed for longer duration.
As they say, “Health is wealth” Choosing the right policy is always the key to a secure future for you and your family!!