Best Health Insurance Company in India

Why You Should Buy Health Insurance in Your 20s?

2 March, 2021

55 Shares

387 Reads

Importance of Buying Health Insurance in 20S

Share

When you begin your professional career, one of the first things that people will advise you to do is buy health insurance. These days, it is extremely convenient to buy health insurance online, which makes the process even more comfortable and hassle-free for you.

 

When you set out to buy medical insurance for the first time, you will be struck by the plethora of options available to you. If you choose to buy medical insurance online, you can take the time to browse through the different options and policies that are available.

 

Firstly, it is important to understand why there is a need to buy health insurance at all. The benefits of health insurance plans are enormous and especially important today, owing to the increasing costs of medical treatment in line with rising inflation.  If your parents have already bought a health insurance plan for you, assess the terms and conditions it offers and see if you can get a better offer.

 

However, even as you begin your search for the best health insurance plans, make sure to buy it at a young age. Wondering why is it better to buy health insurance when you are young? You are about to find out right now.

 

Read on to learn about why you need to start investing on health insurance plan right away, while you are still in your 20s

 

1. Premiums are lower:

The younger you are, the insurer faces lesser risk in offering you a health insurance policy. Since you are considered to be healthier than policyholders who are older, your premiums will be significantly lower than them. However, if you do not get an insurance plan in your 20s, be prepared for higher premiums as you grow older.

 

2. There is no waiting period:

A waiting period refers to the period between the insurance policy being issued and the policyholder being able to raise claims. This period is usually between 2 to 4 years but if you are in your 20s, when the likelihood of contracting a serious disease is lesser, your waiting period can be much lower or as good as zero.

 

3. Tax benefits:

There are several tax benefits applicable on insurance plans and premiums paid towards health insurance policies receive tax benefits. Being able to enjoy these tax benefits of health insurance for a longer period of time is a good answer to have health insurance at a younger age.

4. Rejection rates are lower:

A person in their 20s is considered to be lesser of a risk for an insurer, as compared to a person who is older in age. While this is the reason that premiums are lower for 20 year olds, it is also the reason that there are lesser chances of a 20 year old’s application for an insurance policy being rejected.

 

5. Earn the no-claim bonus:

The no-claim bonus (NCB) is a bonus or discount that you become eligible for if you have not raised any claims in the earlier year. NCB is especially helpful for when you renew an existing health insurance policy. If you begin investing in a health insurance policy at a younger age, you are likely to earn a higher amount of NCB as compared to if you began investing a year later.

 

6. Increasing lifestyle diseases:

Conditions related to stress and busy lives are leading to a lot of lifestyle diseases. In order to ensure adequate protection against these, make sure to invest in a health insurance policy as early as possible.

 

7. Comprehensive cover:

This is especially relevant for working professionals in their 20s. They generally receive a standard medical insurance from their employers. By opting for an individual health insurance plan, you can opt for riders and other add-ons such as maternity cover, critical illness cover, personal accident rider, etc. These add-ons guarantee greater coverage and security.

8. No pre-medical health check-ups necessary:

Persons above the age of around 40 years will usually be asked to take a medical test by the insurer before they are issued a policy, owing to the increased risk of them contracting diseases. This is to assess the health conditions of the patient and devise the ideal policy for them. Since people in their 20s are considered healthier, there is no need for a medical check-up before seeking a policy.

 

Conclusion:

Opting for the best health insurance plans is necessary and beginning to invest in your 20s is ideal. You can now check out the policies and plans offered by Niva Bupa online and buy your health insurance plan based on your requirements today!

Start Your Insurance Today!

Secure your Health with comprehensive insurance plans from Niva Bupa

+91
Disclaimer infoBy clicking Start Now, you authorize Niva Bupa to Call/SMS/Whatsapp on your registered mobile overriding DNCR.

You may also like

Popular SearchesHealth InsuranceMedical Insurance Best Health Insurance PlansHealth Insurance PlansHealth Insurance PolicyBest Health Insurance PlansBest Family Health InsuranceBest Mediclaim PolicyBest Health Insurance In IndiaBest Medical Insurance In IndiaBest Health Insurance Plans In IndiaBest Health Insurance Policy In IndiaMediclaimBest Health Insurance For Senior Citizens In IndiaBest Health InsuranceHealth Insurance With Opd CoverMediclaim InsuranceMedical Insurance PlansBest Health Insurance Company in IndiaCritical Illness InsurancePersonal Accident InsuranceMediclaim PolicyIndividual Health InsurancePregnancy InsuranceMaternity Insurance | | Best Family Health Insurance plans in IndiaBest Health Insurance companyFamily Health InsuranceBest Health Insurance plans for Senior CitizensMediclaim Policy for Family

 

Health Insurance SchemesChief Ministers Comprehensive Health Insurance SchemeEmployee State Insurance SchemeSwasthya Sathi SchemePradhan Mantri Matru Vandana YojnaGovernment Health Insurance SchemeDr. YSR Aarogyasri SchemePradhan Mantri Suraksha Bima YojnaHealth Insurance DeductibleWest Bengal Health SchemeThird Party AdministratorRashtriya Swasthya Bima YojanaIn Patient Vs Out Patient HospitalizationMukhyamantri Chiranjeevi YojnaArogya Sanjeevani Health InsuranceCopay Health InsuranceCashless Health Insurance SchemeMukhyamantri Amrutum Yojna

 

Travel Insurance PlansTravel InsuranceInternational Travel InsuranceStudent Travel InsuranceTravel Insurance USATravel Insurance CanadaTravel Insurance ThailandTravel Insurance UKTravel Insurance GermanyTravel Insurance BaliTravel Insurance VietnamTravel Insurance DubaiTravel Insurance SingaporeSchengen Travel Insurance

 

Top Hospitals -  Best Hospitals in ChennaiTop Hospitals in DelhiBest Hospitals in GurgaonBest Hospitals in IndiaTop 10 Hospitals in IndiaBest Hospitals in HyderabadBest Hospitals in KolkataBest cancer hospitals in BangaloreBest cancer hospitals in HyderabadBest cancer hospitals in MumbaiBest cancer hospitals in IndiaTop 10 cancer hospitals in IndiaTop 10 cancer hospital in DelhiMulti Speciality Hospitals in MumbaiMulti Speciality Hospitals in ChennaiMulti Speciality Hospitals in HyderabadSuper Speciality Hospitals in DelhiBest Liver Hospitals in DelhiBest Liver Hospitals in IndiaBest Kidney Hospitals in IndiaBest Heart hospitals in BangaloreBest Heart hospitals in IndiaBest Heart hospitals in KolkataBest Heart hospitals in Delhi


OthersTop Up Health Insurance PolicyCorporate Health InsuranceHealth CardSection 80d of Income Tax ActAyushman BharatHealth Insurance PortabilityGoActive Family Floater PlanHealth Companion Family Floater PlanHealth Premia Family Floater PlanHealth Pulse Family Floater PlanHealth Recharge Family Floater PlanHeartbeat Family Floater PlanMoney Saver Family Floater PlanSaral Suraksha Bima Family Floater PlanSenior Citizen Family Floater PlanSuper Saver Family Floater PlanCorona Kavach Family Floater PlanHospital Cash InsuranceCashless Health InsuranceHealth Companion Price revision | Heartbeat Price revision | ReAssure Price revision 

 

COVID - OmicronCoronavirus Health InsuranceCovid XE VariantNorovirus

footer logo
Some image

www.nivabupa.com

Some image

+91 11 41743397

Some image

1860-500-8888

Some image

14th Floor, Capital Cyberscape, Sector 59, Gurgaon

  • Insurance is a subject matter of solicitation. Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) (IRDAI Registration Number 145, Category:Health), 'Bupa' and 'HEARTBEAT' logo are registered trademarks of their respective owners and are being used by Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) under license. CIN: U66000DL2008PLC182918
  • 1 Niva Bupa processes pre-authorisation requests within 30 minutes for all active policies, subject to receiving all documents and information(s) up to Niva Bupa’s satisfaction. The above commitment does not include pre-authorisation settlement at the time of discharge or system outage.
  • 2 Since Inception refers to claim data from 2010 till December 2023.
  • 3 ReAssure 2.0 Premium: The premium is including taxes and for Bronze Variant, for a 25-year-old individual living in Delhi.
  • 4 Aspire Premium: The premium is including taxes and for Gold+ Variant, for a 25-year-old individual living in Delhi.
  • 5 Senior First Premium: The premium is including taxes and for Gold Variant, for a 65-year-old individual living in Delhi.
  • 6 Health Premia Premium: The premium is including taxes and for Silver Variant, for a 25-year-old individual living in Delhi.
  • 7 SmartHealth + Disease Management Premium: The premium is including taxes and for Disease Management Gold Variant rider when bought with ReAssure 2.0 Bronze variant with Base Sum Insured of 5 lacs, for a 25-year-old individual living in Delhi.
  • Beware of spurious / fraud phone calls! Do not share your confidential information like Debit / credit card number, Internet Banking User ID/Password, Pin, CVV, OTP, etc. with anyone. Avoid clicking on attachments / payment link received in mails / message from unknown sources. IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment or premium. Public receiving such phone calls are requested to lodge a police complaint. Do not respond to unsolicited and attractive offers received through unidentified calls, emails, SMSs, and other social media platforms. Beware of misleading telephone calls from people posing as Niva Bupa officials, agents, IRDAI Officials, Officials from ECI (Office of the Executive Council of Insurers) etc. and offering alluring benefits or sharing false information on your policy or on Niva Bupa. Niva Bupa shall not be responsible for any loss or damages whatsoever for any acts or omissions arising out of such spurious calls, and all customers are advised to contact our customer care at 1860-500-8888 and verify any representations or promises made by any such spurious callers before acting upon the same.
Social IconSocial IconSocial IconSocial IconSocial Icon