Why A Health Plan?
In current days fast paced lives that we live and in a race to excel in everywhere, and we forget one of the most important asset we own i.e. health. Due to various eating habits & changing lifestyles, health related concerns have just become increasingly alarming. We may not be to go back to slow down the pace of our lives but can definitely guard ourselves from its side effect. Here’s when an efficient health cover comes handy so that any sudden illness doesn’t detail our financial freedom.
Medical assistance comes with a price tag, such that people are forced to sell of their assets or rely on borrowers to meet the expenses. Such unforeseen events can be easily dealt with a strong health insurance plans. So guard your finances by opting for complete protection for you & your family by getting adequate health cover as per your requirements.
You may find that the health insurance agent known to you is suggesting you go for some perfect plans for you. The thought that is coming to your mind is – why to go for a plan now when you are fit and healthy. Moreover, you might feel that way to pay the premium value from now on. If you are having a sponsored Insurance plan from your employer, then there is no need for a new plan at all, but if not, then it is the ideal time to go for it. Why? Let’s go with the below-mentioned example first.
Health Insurance is a necessity and it is true to say that health insurance is beneficial when taken at a younger age as it covers you for life and has many other benefits attached.
Benefits of Health Insurance
If you have health insurance from any one of service providers you will get following benefits but it depends upon company to company:
- Full sum insured in the expense of various sectors.
- Room rent
- ICU dail rent
- Day-care procedure
- Ambulance Expenses
- Daily hospitalization Allowance
- No claim Bonus
- Free health checkup
- Accidental Death Coverage
- Maternity Coverage
- New Born baby coverage
- Pre-existance disease coverage
- Waiting period of new policy
- Non-allupathic treatment
- Free medical Consultation
- Air ambulance
- Nursing Allowance
- International Health coverage
- Donor expenses
- Transplant Coverage
- Artificial limb coverage
- Unani treatment coverage
- Plastic Surgeries
- Bariatric Surgery
- Network hospitals
- Empaneled hospitals
- Cash less
Understanding Premium Value
Health insurance premium value depends on the chance of your becoming ill. More the chance of illness at your age during getting a new insurance plan more becomes the value of premium in the Insurance and Financial Planet. If you start your insurance plan at a young age, then you are having no illness at all and that will decrease the premium value. Escalation will be there at different ages, but since that is calculated on the first premium value, the increased rate also remains lesser.
The Increasing claim settlement amount
There is another advantage that you will get while availing of Insurance from a young age. Every year, you will be paying the premium and not availing any treatment, you will get a hike in the coverage at least by 10%. So, just calculate 25 years and consider that you have not availed any of the treatment plans. In such cases, you will get coverage, which is 2 times your initial coverage, where you are paying the premium for the initial coverage only.
This makes a health insurance plan superb when you get that from a young age. You will pay less, get more value of coverage and even will be a premium customer of the company, for which you will get some additional supports. Hence, check out the different plans of different health insurance from Insurance and Financial planets and get in touch with the team to get the right insurance for you. There are many misconceptions regarding the timing of starting your insurance plan. Correct those now and avail the right one, which is always beneficial.