Many people in India believe that health insurance plans should be bought in old age, as by that time human body gets more prone to diseases and health issues. These people know that these plans help in availing financial coverage during medical exigencies. But, the reality is that these plans should be brought as early as possible. There is no doubt that there are certain plans that offer coverage to old aged people, but if observed keenly, these plans are not as beneficial as buying them at early age.
A person buying health insurance at early age has to pay less premium amount, as compared to the one who buys in old-age. Maximum number of health insurance plans in India has cover ceasing age, beyond which there is no coverage offered. There is always some waiting period associated with these plans. This mean that provider do not offer coverage for certain diseases till that time elapses. Thus, if a plan is bought at old age, when a human body becomes more prone to diseases, a person might not be able to enjoy the complete coverage.
It is, therefore, advisable to buy health insurance at early age and get it renewed for the whole life. Apollo Munich offers this benefit of lifelong renewal with its plans.
A person buying health insurance at early age has to pay less premium amount, as compared to the one who buys in old-age. Maximum number of health insurance plans in India has cover ceasing age, beyond which there is no coverage offered. There is always some waiting period associated with these plans. This mean that provider do not offer coverage for certain diseases till that time elapses. Thus, if a plan is bought at old age, when a human body becomes more prone to diseases, a person might not be able to enjoy the complete coverage.
It is, therefore, advisable to buy health insurance at early age and get it renewed for the whole life. Apollo Munich offers this benefit of lifelong renewal with its plans.
I purchased Apollo Munich's Accident insurance. it is a good plan.
ReplyDeleteEvery person should have health insurance.
ReplyDeleteI have bought insurance at the age of 29 and my premium is just a couple of thousands a year for a good cover. This is what I call value for money.
ReplyDelete