Young people often refuse to buy health insurance because there is no chance of getting sick or spending money on the premium. However, the participation of young people in the insurance group is very important for the health insurance industry, because if they are less likely to get sick, their participation will reduce the average level of requirements and the burden on the insurance team. Reduce your reward.
In addition to providing health insurance for tax credits and financial planning assistance, this can also be considered a charity, as the insurance premium will be indirectly used to pay for another insured hospital bill. Importance
“Health insurance has become a fundamental component of the financial plan, especially for the new generations: over 50% of the Indian population is under 25 and over 65% is under 25.35 years old. It also causes disease. Long hours and strict schedules affect not only their mental health but also their physical health, says Anuradha Siriram, director of health insurance.
Why should people buy health insurance at a young age?
“The main goal of 25-30 year olds is to achieve great success in life. Unfortunately, your health takes a back seat and eventually your unhealthy lifestyle can turn snowballs into health problems. It is important that young people put their health first. and a plan for the future, "Sirim said.
“In general, investing in health insurance not only protects against financial irregularities, but also allows policyholders to build a robust fitness system.
Siriram transfers insurance payments at an early age.
Low premium in adolescence
It's best to start planning, saving and investing as soon as possible. The same goes for health insurance. You should invest in a health insurance plan at an early age because the chances of having medical complications at an early age are low and therefore the health insurance premium is low. There are a number of products that offer large discounts to minors in the medium to long term.
This is a time when health claims are not allowed for certain conditions, surgery and special treatments. If a person chooses to purchase health insurance at an early age, these protections do not apply.
Health insurance for your life
Like any external accident protection, health insurance protects you from the financial risks associated with emergency medical care. Although health emergencies in adolescence are rare, they still need to be prepared for emergencies. The epidemic also shows that many health needs can be unsustainable and can lead to high financial needs.
How long does your health insurance last
There is always an age requirement for purchasing health insurance. Buying health insurance at an early age will last longer than buying between the ages of 40 and 50. In addition, insurers may refuse to accept or charge additional premiums if the policyholder has reached the age of majority and / or is ill.
Bring financial stability into your life.
One of the main benefits of purchasing health insurance is financial stability in the life of the policyholder. By paying a small premium, you can protect yourself from unexpected financial losses.
Indemnity not requested
The unclaimed bonus guarantees the policyholder an annual increase in the bonus. As young people are less likely to be exposed to serious illness and health problems, policymakers may have long-term unanswered grievances that could lead to future inflationary pressures.
The amount of health insurance premiums is not taxable under section 80D of the Income Tax Act. Therefore, you may be eligible for additional tax benefits (which may vary according to tax rules).
To protect policyholders from health care costs, insurers have introduced some additional health benefits known as health insurance. The pilot will allow you to customize your policy to fit your coverage at a much lower cost.
Mental health counseling
It is important that employees take care of their physical and mental health. The desire to be successful in the workplace can lead to many problems. One of the tasks is to find a balance between personal and professional life. With this in mind, insurers have introduced additional mental health counseling benefits for experienced psychologists / psychologists to help insurers maintain their mental health.
“The epidemic has changed people's views on the importance of health insurance.