Health insurance is an essential need and it must be subscribed to as early as possible. We usually like to ensure financial stability before subscribing to health insurance policies. However, we don’t realize the fact that it can be the biggest mistake of our life. Medical emergencies don’t wait for time and tide, they occur irrespective of whether you are secured with an insurance plan in place or not, whether you are financially stable or not.
Besides, there are benefits of buying health insurance before the age of 30. Though they aren't directly related to money, those benefits are still significant. Let’s take a look at them one by one and understand how they can help the insured.
1.The cost factor: People in their 30s are considered to be in their prime in terms of health. Therefore, the risk factor for the insurer is the lowest and thus, the premiums are generally on the lower end.
2.Uncertainty: Uncertainty is the most certain things about life. This simply means you can never take your life for granted. Hence, assuming that you won’t face major health problems in your thirties is a myth. Therefore, before life knocks you down, find out and subscriber to a comprehensive health insurance policy at the earliest.
3.Successful financial planning: On an average, a person starts a financial planning latest by the age of thirty. Assuming you follow the same guiding principles, a health insurance is the first step of the process.
Addl Read: Why You Should Opt For A Health Insurance Before You Turn To Age 30?
Read More- Claim Process for Critical illness insurance Policy
