Health Insurance in different stages of Life |
Posted: July 22, 2019 |
Health Insurance is one of the most important requirements of an Independent life. This basic requirement again varies from person to person and age to age. This is because every person has unique needs and with age comes the different probabilities pertaining to Health. It is therefore important that you know when to get what type of Insurance in different stages of life. In this piece, we help you understand what type of Insurance will suit you best at what stage of life and why. During the 20sMost of us often consider Health insurance after settling down with a Job. In India, a strong 75% of the youngsters take up health insurance for tax benefits and yet, 70% of them pay the medical bills from their pocket. This should not be the case, however. During the 20s, you should not only opt for health Insurance but also utilize it for its right reasons. During the 30sIn the 30s, you’d probably be married and for this, you need to also plan for your family. In this stage, you should make sure that your Health Insurance should also offer,
Don’t be late in getting Insurance as the premium usually gets higher with a wait. And also, if you have any pre-existing medical conditions then that adds in as well. In case you think that what if you don’t ever need this Insurance, then afraid not because there is always the No Claim Bonus Benefit. During the 40sAs one grows older, they are prone to certain critical illness. While the traditional Insurance will cover for regular diagnostic checks, critical care policies offer lump-sum benefits upon diagnoses of certain covered illnesses. It is imperative in this stage of life that you opt for critical illness policies. In this stage of life, make sure that your family be also protected with a Family Floater Plan. The 50s and AboveIn this stage of Life, your Kids will be independent and now is the time to switch from expensive Family plans to individual plans that suit your needs better. There are many policies for Senior Citizens, be sure to opt the one that has the longest period of assured cover with minimal excisions.
And there you have it, a different type of Insurance for different stages of life. And this is not just it, there’s more! We at Ekodus Wealth Management can help you with all types of Insurance, including Health Insurance at the best possible rates. Our tie-ups with different Financial Giants help us put forward multiple quotations for same Insurance types! Contact us for more information!
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